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Blackbaud, Inc. - BLKB STOCK NEWS

Welcome to our dedicated page for Blackbaud news (Ticker: BLKB), a resource for investors and traders seeking the latest updates and insights on Blackbaud stock.

Blackbaud, Inc. (NASDAQ: BLKB) is a pioneering leader in providing cloud software designed to power social good. This innovative company serves a diverse range of sectors, including nonprofits, foundations, corporations, educational institutions, healthcare organizations, and individual change agents. Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud has a global footprint with operations in the United States, Australia, Canada, and the United Kingdom.

Blackbaud's comprehensive portfolio includes solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing, and analytics. These tools are designed to enhance the impact and efficiency of organizations dedicated to social good. With over 40,000 customers spread across more than 100 countries, the company facilitates the donation of over $100 billion annually.

Recently, Blackbaud has achieved notable milestones. It continues its strategic partnership with the Association of Fundraising Professionals (AFP), sponsoring the AFP ICON conference and launching new AI capabilities for Blackbaud Raiser's Edge NXT®. Other recent news includes an unsolicited acquisition proposal from Clearlake Capital Group and the release of its first-quarter 2024 financial results, showcasing growth in revenue and profitability.

Blackbaud is also investing in technological advancements and partnerships. It recently invested $5 million in UBIQ Education to enhance digital experience ecosystems for K-12 schools. Moreover, Blackbaud's subsidiary, EVERFI, received certification for its Prescription Drug Safety program under the Every Student Succeeds Act (ESSA).

As a testament to its commitment to social impact, Blackbaud's 2023 Impact Report highlights significant progress in its environmental, social, and governance priorities. The company has been recognized on Newsweek's list of America's Most Responsible Companies, Quartz's list of Best Companies for Remote Workers, and Forbes' list of America's Best Employers. Learn more about Blackbaud's solutions and impact at www.blackbaud.com.

News

University of Nebraska Foundation Signs Five-Year Renewal with Blackbaud to Power Fundraising and Financial Management

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Blackbaud (BLKB) has renewed a five-year contract with the University of Nebraska Foundation to support its fundraising, donor engagement, and financial management. The foundation has successfully raised over $300 million annually for the past four years and hit a record of $354.5 million in new funds in fiscal year 2023. Blackbaud's software solutions have significantly increased efficiency in gift processing and enabled the foundation's software development team to deliver innovative solutions.
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Blackbaud Announces Reauthorized, Expanded and Replenished $500M Stock Repurchase Program

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Blackbaud (BLKB) has announced the authorization of a $500 million stock repurchase program, doubling the previous program's size. The company aims to enhance shareholder value and leverage its strong cash flow generation to grow the business and return excess capital to shareholders. As of January 19, 2024, $499.4 million remains available for stock repurchases.
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Blackbaud's Tech Accelerator Program Welcomes Eight New Startups Bringing Cutting Edge Technology to the Social Impact Sector

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Blackbaud announces the January 2024 cohort of participants in its Social Good Startup Program, with eight new startups focusing on AI solutions for nonprofits and companies with social responsibility. The startups aim to create additional value for customers by integrating with Blackbaud products. Some of the startups include Nonprofit Sector Strategies, BellesBoard, Chariot, and CharterBoards.
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Blackbaud Appoints Kristian Talvitie to Board of Directors

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Blackbaud (NASDAQ: BLKB) appoints Kristian Talvitie, CFO of PTC Inc., to its board of directors, bringing 30 years of experience in corporate finance, FP&A, sales, marketing, and communications.
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Blackbaud Supports Global Communities in 2023

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Blackbaud (NASDAQ: BLKB) has shared its global corporate social responsibility program, including workforce development support, employee volunteering, disaster relief donations, global grants, annual toy drive, and continued support of multi-year gifts.
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Blackbaud Data Highlights Giving Trends

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Blackbaud (NASDAQ: BLKB) releases its annual Blackbaud Luminate Online® Benchmark Report and Peer-to-Peer Benchmark Report, providing insights into online giving trends and peer-to-peer fundraising based on data from previous years. The Luminate Online report shows a 10.70% growth in sustainer revenue, while the Peer-to-Peer report reveals a 23% increase in revenue in 2022 compared to 2021.
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Blackbaud Named to Newsweek's Excellence 1000 2024 Index and America's Most Responsible Companies 2024 List

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Blackbaud (NASDAQ: BLKB) has been recognized for its commitment to social responsibility, ranking 129 out of 1,000 companies in the Newsweek Excellence 1000 2024 Index. Additionally, it has been named to Newsweek's list of America's Most Responsible Companies for the third consecutive year, highlighting its dedication to social responsibility and ethical standards. The company has made notable progress in supporting global philanthropic efforts, driving climate solutions, investing in governance and data responsibility, and making artificial intelligence more accessible and responsible for the social impact sector.
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Blackbaud to Kick Off GivingTuesday by Ringing Nasdaq Closing Bell

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Blackbaud (BLKB) celebrates the global start of the Worldwide Giving Day, highlighting the critical work of its social impact customers. The company will ring the closing bell at the Nasdaq stock exchange to kick off GivingTuesday, a global movement focused on spreading generosity. Blackbaud provides essential software for purpose-driven work across the nonprofit, education, and social responsibility sectors, connecting millions of people to causes and institutions in over 100 countries. The company's customers, such as the Center for Disaster Philanthropy and Central Texas Food Bank, leverage Blackbaud technology to drive meaningful impact.
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Blackbaud Named Governance Team of the Year in Governance Intelligence's Annual Corporate Governance Awards

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Blackbaud (NASDAQ: BLKB) Wins Corporate Governance Team of the Year Award at the 16th Annual Corporate Governance Awards. The award recognizes Blackbaud's outstanding achievements in governance, risk, and compliance, highlighting the company's commitment to effective corporate governance as a foundation for success. The Corporate Governance Awards celebrate achievements in areas such as compliance and ethics programs, ESG reporting, use of technology, and investor engagement.
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Blackbaud Product Update Briefings to Highlight Innovation and Product Roadmaps

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Blackbaud (NASDAQ: BLKB) Product Update Briefings Kick Off, Showcasing Innovations and Future Roadmap for Suite of Software Solutions
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FAQ

What is the current stock price of Blackbaud (BLKB)?

The current stock price of Blackbaud (BLKB) is $81 as of November 15, 2024.

What is the market cap of Blackbaud (BLKB)?

The market cap of Blackbaud (BLKB) is approximately 4.1B.

What does Blackbaud, Inc. do?

Blackbaud provides cloud software solutions to power social good, including tools for fundraising, financial management, digital giving, grantmaking, and more.

Where is Blackbaud headquartered?

Blackbaud is headquartered in Charleston, South Carolina.

What are some recent achievements of Blackbaud?

Recent achievements include a strategic partnership with AFP, an acquisition proposal from Clearlake Capital Group, and the release of Q1 2024 financial results showing growth in revenue and profitability.

What markets does Blackbaud serve?

Blackbaud serves nonprofits, foundations, corporations, educational institutions, healthcare organizations, and individual change agents.

How does Blackbaud support K-12 education?

Blackbaud supports K-12 education through investments like its $5 million in UBIQ Education and solutions like the Blackbaud School Website System and UBIQ’s AMAIS platform.

What was the recent proposal from Clearlake Capital Group about?

Clearlake Capital Group proposed to acquire all outstanding shares of Blackbaud for $80.00 per share in cash.

How much in donations does Blackbaud enable annually?

Blackbaud enables more than $100 billion in donations annually.

What recognition has Blackbaud received?

Blackbaud has been recognized on Newsweek's list of America's Most Responsible Companies, Quartz's list of Best Companies for Remote Workers, and Forbes' list of America's Best Employers.

What is Blackbaud's commitment to social impact?

Blackbaud is committed to fueling impact and unleashing generosity through its software, environmental, social, and governance priorities, as highlighted in its 2023 Impact Report.

Where can I learn more about Blackbaud?

You can learn more about Blackbaud on their website at www.blackbaud.com.

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Blackbaud, Inc.

Nasdaq:BLKB

BLKB Rankings

#1414 Ranked by Market Cap
N/A Ranked by Dividends

BLKB Stock Data

4.14B
50.72M
1.94%
98.2%
1.19%
Software - Application
Services-prepackaged Software
Link
United States of America
CHARLESTON