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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

Morehead State University Foundation Adopts Blackbaud Financial Edge NXT® to Deliver Greater Efficiency and Data Confidence

Rhea-AI Summary
Blackbaud announces integration between Financial Edge NXT and Raiser's Edge NXT at Morehead State University Foundation, resulting in improved efficiencies, data confidence, and time savings for the advancement team.
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Blackbaud Raises Awareness for Heart Month Through Ongoing Partnership with the American Heart Association

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Blackbaud (BLKB) invests in employee wellbeing and community health through an ongoing partnership with the American Heart Association. The company has been a community health sponsor since 2019, supporting education, outreach, and prevention programs. Blackbaud leads quarterly wellbeing challenges for its global employees and will run a four-week challenge focused on helping employees create and maintain healthy habits for Heart Month. The company will sponsor employees to attend local events to raise awareness of heart disease, particularly its disproportionate effects on women.
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Blackbaud to Bring Powerful, New Capabilities to Raiser's Edge NXT®

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Blackbaud (NASDAQ: BLKB) announces new capabilities in Blackbaud Raiser's Edge NXT to help social impact organizations grow their donor base and funds. The enhancements include Optimized Donation Forms, Prospect Insights, and AI Acknowledgments, supporting Blackbaud's Intelligence for Good strategy. These features aim to increase conversion rates, automate major giving likelihood and capacity insights, and generate AI-assisted donor acknowledgment letters.
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Truth Initiative and Kaiser Permanente Join Forces with EVERFI from Blackbaud to Teach Students About the Dangers of Vaping Cannabis

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Truth Initiative and Kaiser Permanente have partnered with EVERFI to introduce new cannabis-focused lessons in the Vaping: Know the truth tobacco prevention and cessation curriculum, aiming to address the increasing issue of cannabis-filled vapes among teens. The curriculum, which has enrolled over one million students in less than three years, aims to educate students about the health effects, consequences, and risks of cannabis in vaping products, aligned with the National Health Education Standards (NHES).
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Blackbaud Reaches Agreement with the Federal Trade Commission Related to 2020 Security Incident

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Blackbaud (BLKB) has announced a settlement with the U.S. Federal Trade Commission related to its 2020 security incident. The settlement, when finalized, will fully resolve the matter with the FTC. The company has not been fined and is not required to make any payment as part of this settlement. Blackbaud's president and CEO, Mike Gianoni, emphasized the company's commitment to strengthening cybersecurity and compliance programs to protect customer privacy.
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Blackbaud Announces Date of Fourth Quarter and Full Year 2023 Financial Results

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Blackbaud (BLKB) will report its fourth quarter and full year 2023 financial results on February 12, 2024, after the U.S. financial markets close. A conference call to discuss the results will be held on February 13, 2024, at 8:00 a.m. ET. Investors can access the live webcast at investor.blackbaud.com and the live dial-in at 1-877-407-3088.
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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

Rhea-AI Summary
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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FAQ

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

The current stock price of Blackbaud (BLKB) is $76.31 as of December 20, 2024.

What is the market cap of Blackbaud (BLKB)?

The market cap of Blackbaud (BLKB) is approximately 3.8B.

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

#1460 Ranked by Market Cap
N/A Ranked by Dividends

BLKB Stock Data

3.83B
40.14M
1.77%
96.45%
1.26%
Software - Application
Services-prepackaged Software
Link
United States of America
CHARLESTON