BLACKBAUD INC BLKB
COM · Common Stock · CUSIP 09227Q100 · ISIN US09227Q1004
Supplier of software and services specifically designed for nonprofit organizations
- SectorTechnology
- IndustryServices-Prepackaged Software
- HeadquartersCharleston, SC
- Founded1981
- Websiteblackbaud.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($606.4k this quarter). Holder counts are more reliable. Shares outstanding: 45.9m as of 2026-04-27, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $38.65. Options: 1 managers hold calls ($19.3k notional), 1 hold puts ($200.8k).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 248 |
| Q4 2022 | 246 |
| Q1 2023 | 255 |
| Q2 2023 | 260 |
| Q3 2023 | 258 |
| Q4 2023 | 262 |
| Q1 2024 | 272 |
| Q2 2024 | 284 |
| Q3 2024 | 283 |
| Q4 2024 | 277 |
| Q1 2025 | 280 |
| Q2 2025 | 290 |
| Q3 2025 | 315 |
| Q4 2025 | 305 |
| Q1 2026 | 296 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 119 | 136 |
| Q3 2024 | 118 | 134 |
| Q4 2024 | 106 | 138 |
| Q1 2025 | 130 | 137 |
| Q2 2025 | 145 | 128 |
| Q3 2025 | 162 | 126 |
| Q4 2025 | 131 | 171 |
| Q1 2026 | 155 | 143 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $1.1m | $474.3k | 0.43 |
| Q3 2025 | $1.1m | $456.6k | 0.41 |
| Q4 2025 | $1.2m | $284.9k | 0.24 |
| Q1 2026 | $19.3k | $200.8k | 10.40 |
Biggest buyers
| Van Berkom & Associates Inc. | Added | +657.4k |
| GOLDMAN SACHS GROUP INC | Added | +375.5k |
| Qube Research & Technologies Ltd | Added | +340.7k |
| SHAPIRO CAPITAL MANAGEMENT LLC | Added | +186.6k |
| Pacer Advisors, Inc. | Added | +181.4k |
| Robeco Institutional Asset Management B.V. | New | +162.2k |
| TWO SIGMA INVESTMENTS, LP | New | +162.0k |
| JANE STREET GROUP, LLC | Added | +117.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +104.7k |
| Point72 Asset Management, L.P. | Added | +91.8k |
Biggest sellers
| AQR CAPITAL MANAGEMENT LLC | Reduced | -420.5k |
| GENEVA CAPITAL MANAGEMENT LLC | Reduced | -370.9k |
| SG Capital Management LLC | Reduced | -216.4k |
| BANK OF AMERICA CORP /DE/ | Reduced | -186.7k |
| Nuveen, LLC | Reduced | -160.9k |
| P2 Capital Partners, LLC | Reduced | -147.4k |
| MARSHALL WACE, LLP | Reduced | -143.5k |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | -131.7k |
| FULLER & THALER ASSET MANAGEMENT, INC. | Reduced | -117.0k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO | Reduced | -104.0k |
Biggest calls
| SIMPLEX TRADING, LLC | New | $19.3k500 shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $200.8k5.2k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2026-07-27 | 12.3% |
| MORGAN STANLEY 13G · institution +0.9 pts · filed 2026-06-05 | 10.1% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.6% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q1 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 4 | $4.9m | $1.2m |
| Q3 2024 | 0 | — | 6 | $4.8m | $2.9m |
| Q4 2024 | 0 | — | 5 | $7.4m | $3.4m |
| Q1 2025 | 0 | — | 2 | $375.0k | $121.5k |
| Q2 2025 | 0 | — | 2 | $1.0m | — |
| Q3 2025 | 0 | — | 3 | $1.0m | $581.4k |
| Q4 2025 | 0 | — | 2 | $992.3k | — |
| Q1 2026 | 0 | — | 4 | $2.2m | $717.8k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-04 | Gregoire Kevin P. EVP, Chief Operating Officer | Sold | $100.0k2.0k shares |
| 2026-03-03 | Olson Jon W SVP and General Counsel | Sold | $245.5k5.0k shares |
| 2026-02-27 | Olson Jon W SVP and General Counsel | Sold | $482.3k10.0k shares |
| 2026-02-24 | Benjamin David J EVP, Chief Commercial Officer | Sold | $681.1k14.3k shares |
| 2026-02-23 | McDearis Kevin EVP & Chief Technology Officer | Sold plan | $717.8k15.5k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| CLEARLAKE CAPITAL GROUP, L.P. 55.34% of their portfolio | 9.8m $376.5m | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 4.8m $184.0m | Added +23.4k |
| MORGAN STANLEY 0.01% of their portfolio | 4.3m $164.7m | Reduced -53.6k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 3.0m $116.3m | First filing |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.9m $75.0m | First filing |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 1.6m $60.1m | Added +58.8k |
| STATE STREET CORP 0.00% of their portfolio | 1.5m $58.5m | Added +9.9k |
| Van Berkom & Associates Inc. 0.91% of their portfolio | 1.4m $55.5m | Added +657.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 971.1k $37.5m | Added +10.0k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 951.3k $36.7m | Reduced -23.8k |
| GENEVA CAPITAL MANAGEMENT LLC 0.59% of their portfolio | 719.1k $27.8m | Reduced -370.9k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.09% of their portfolio | 684.5k $26.4m | Reduced -117.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 662.3k $25.6m | Added +375.5k |
| PALISADE CAPITAL MANAGEMENT, LP 0.74% of their portfolio | 577.4k $22.3m | Added +89.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 572.8k $22.1m | Added +1.7k |
| SHAPIRO CAPITAL MANAGEMENT LLC 1.25% of their portfolio | 516.6k $19.9m | Added +186.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 495.7k $19.1m | Added +30.1k |
| P2 Capital Partners, LLC 8.88% of their portfolio | 482.9k $18.6m | Reduced -147.4k |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 473.3k $18.3m | Added +340.7k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 405.3k $15.6m | Added +11.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 360.4k $13.9m | Reduced -37.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 351.8k $13.6m | Reduced -186.7k |
| Clearline Capital LP 1.05% of their portfolio | 350.2k $13.5m | Reduced -35.1k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 347.3k $13.3m | Reduced -420.5k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 317.7k $12.3m | Added +117.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 313.0k $12.1m | Added +104.7k |
| Public Sector Pension Investment Board 0.03% of their portfolio | 268.8k $10.4m | Added +54.3k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 257.5k $9.9m | First filing |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 236.5k $9.0m | Added +6.8k |
| Tributary Capital Management, LLC 0.85% of their portfolio | 227.3k $8.8m | Reduced -18.3k |
| FMR LLC 0.00% of their portfolio | 224.0k $8.6m | Added +43.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 224.0k $8.6m | Added +38.8k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.03% of their portfolio | 212.0k $8.2m | Reduced -104.0k |
| UBS Group AG 0.00% of their portfolio | 211.1k $8.1m | Added +46.9k |
| Pacer Advisors, Inc. 0.02% of their portfolio | 187.6k $7.2m | Added +181.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 178.8k $6.9m | Added +77.0k |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 170.0k $6.6m | Added +11.6k |
| Robeco Institutional Asset Management B.V. 0.01% of their portfolio | 162.2k $6.3m | New |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 162.0k $6.3m | New |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 160.6k $6.2m | Added +91.8k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 151.9k $5.9m | Reduced -77.0k |
| Hillsdale Investment Management Inc. 0.15% of their portfolio | 138.1k $5.3m | Added +16.2k |
| LORD, ABBETT & CO. LLC 0.02% of their portfolio | 133.9k $5.2m | Added +32.4k |
| Calamos Advisors LLC 0.02% of their portfolio | 133.0k $5.1m | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 129.5k $5.0m | Reduced -4.1k |
| Invesco Ltd. 0.00% of their portfolio | 127.2k $4.9m | Added +21.1k |
| SG Capital Management LLC 0.39% of their portfolio | 123.0k $4.7m | Reduced -216.4k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 114.3k $4.4m | Reduced -585 |
| Man Group plc 0.01% of their portfolio | 112.2k $4.3m | Reduced -3.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 98.3k $3.8m | Added +82.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 97.9k $3.8m | Reduced -11.6k |
| Nuveen, LLC 0.00% of their portfolio | 93.6k $3.6m | Reduced -160.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 91.1k $3.5m | Added +549 |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 89.4k $3.5m | Reduced -28.0k |
| CAPITAL FUND MANAGEMENT S.A. 0.03% of their portfolio | 83.3k $3.2m | Added +41.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 81.4k $3.1m | Added +1.4k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 78.6k $3.0m | Added +91 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 76.6k $4.9m | Reduced -218 |
| MARTINGALE ASSET MANAGEMENT L P 0.07% of their portfolio | 75.7k $2.9m | Added +22.7k |
| Swiss National Bank 0.00% of their portfolio | 75.7k $2.9m | Reduced -900 |
| Y-Intercept (Hong Kong) Ltd 0.06% of their portfolio | 75.6k $2.9m | Added +55.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 71.6k $2.8m | Added +66.1k |
| Sone Capital Management, LLC 0.23% of their portfolio | 70.2k $2.7m | Reduced -19.3k |
| Triodos Investment Management BV 0.19% of their portfolio | 66.0k $2.5m | Added +7.0k |
| XTX Topco Ltd 0.04% of their portfolio | 63.4k $2.4m | Added +49.0k |
| Numerai GP LLC 0.24% of their portfolio | 63.2k $2.4m | New |
| KESTREL INVESTMENT MANAGEMENT CORP 1.41% of their portfolio | 61.0k $2.4m | Reduced -500 |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 56.7k $2.2m | Added +39.3k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 55.9k $2.2m | Added +14.6k |
| Legal & General Group Plc 0.00% of their portfolio | 53.1k $2.1m | Reduced -6.5k |
| BECKER CAPITAL MANAGEMENT INC 0.06% of their portfolio | 52.7k $2.0m | Reduced -18.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 52.2k $2.0m | Added +2.3k |
| CORBYN INVESTMENT MANAGEMENT INC/MD 0.66% of their portfolio | 51.4k $2.0m | Added +4.3k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio | 50.9k $2.0m | Reduced -11.3k |
| HARBOR CAPITAL ADVISORS, INC. 0.16% of their portfolio | 50.2k $1.9m | Added +18.1k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 49.8k $1.9m | Added +8.8k |
| Aristides Capital LLC 0.61% of their portfolio | 48.2k $1.9m | Added +18.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 47.6k $1.8m | Added +9.6k |
| CLARK ESTATES INC/NY 0.44% of their portfolio | 47.3k $1.8m | Added +12.0k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.03% of their portfolio | 47.0k $1.8m | Added +2.2k |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 45.9k $1.8m | Reduced -42.2k |
| Brevan Howard Capital Management LP 0.02% of their portfolio | 45.7k $1.8m | New |
| Gotham Asset Management, LLC 0.01% of their portfolio | 45.2k $1.7m | Added +13.2k |
| Empowered Funds, LLC 0.01% of their portfolio | 44.8k $1.7m | New |
| Retirement Systems of Alabama 0.01% of their portfolio | 43.9k $1.7m | Reduced -133 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 43.7k $1.7m | Added +5.3k |
| Elo Mutual Pension Insurance Co 0.03% of their portfolio | 43.6k $1.7m | New |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 43.0k $1.7m | Reduced -15.7k |
| Cinctive Capital Management LP 0.11% of their portfolio | 42.6k $1.6m | Added +25.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 42.1k $1.6m | Reduced -31.9k |
| Quantinno Capital Management LP 0.00% of their portfolio | 39.4k $1.5m | Added +24.1k |
| Engineers Gate Manager LP 0.02% of their portfolio | 39.4k $1.5m | Added +15.4k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 38.5k $1.5m | Reduced -479 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 38.1k $1.5m | Added +3.8k |
| Magnetar Financial LLC 0.01% of their portfolio | 37.4k $1.4m | Added +25.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 35.0k $1.4m | New |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 34.0k $1.3m | Reduced -37.7k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% of their portfolio | 33.8k $1.3m | New |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 33.6k $1.3m | New |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 33.5k $1.3m | First filing |