/C O R R E C T I O N -- Blackbaud/
Rhea-AI Summary
Blackbaud (NASDAQ: BLKB) reauthorized and expanded its stock repurchase program to $1.0 billion, raising capacity from $800 million and replenishing availability as of Dec 1, 2025. The company said it repurchased 2,707,953 shares for $174.5 million during 2025 prior to the replenishment, representing approximately 6.7% of outstanding common stock as of Dec 31, 2024. Blackbaud reported it has reduced shares outstanding by more than 10% since the program began in Q4 2023 and increased its 2025 expected repurchase range to 7.0%–8.5% of shares outstanding (Dec 31, 2024 basis).
Details are filed in a Form 8-K with the SEC.
Positive
- Program capacity increased to $1.0 billion
- Repurchased 2,707,953 shares for $174.5 million in 2025
- Share count reduced by more than 10% since Q4 2023
- 2025 expected repurchases raised to 7.0%–8.5% of shares
Negative
- Potential cash deployment of up to $1.0 billion under the repurchase program
- Repurchases through 2025 equal approximately 6.7% of outstanding shares (Dec 31, 2024), a material capital use
News Market Reaction
On the day this news was published, BLKB gained 5.12%, reflecting a notable positive market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $142M to the company's valuation, bringing the market cap to $2.91B at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
BLKB was up 1.58% while close peers showed mixed moves: INTA +0.82%, BL +0.67%, VERX +0.61%, NCNO roughly flat at +0.04%, and BRZE down 3.43%. The reaction appears more company-specific than sector-driven.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 02 | AI partnership | Positive | +5.1% | Announced Anthropic partnership and AI fundraising connector for nonprofits. |
| Dec 02 | Capital return | Positive | +5.1% | Expanded stock repurchase capacity from $800M to $1B. |
| Dec 02 | Correction filing | Positive | +5.1% | Corrected headline on expanded $1B repurchase program details. |
| Dec 01 | Brand/event news | Positive | +1.8% | Nasdaq bell ringing and GivingTuesday tools and customer fundraising results. |
| Nov 24 | AI product update | Positive | -2.9% | Showcased AI-powered innovations and intelligent workflows across product suite. |
Recent BLKB news has generally seen positive share-price alignment on capital return and AI/product announcements, with one notable divergence on an AI product update.
This announcement expands on a series of late-2025 catalysts for Blackbaud. On Nov 24, 2025, the company highlighted AI-powered innovations, which coincided with a -2.85% move despite generally positive product news. On Dec 1, 2025, it promoted GivingTuesday activities and fundraising tools, with shares up 1.79%. On Dec 2, 2025, AI partnership news with Anthropic and multiple press releases about the expanded $1 billion repurchase program each aligned with a 5.12% gain. Today’s correction release simply refines that buyback headline.
Market Pulse Summary
The stock moved +5.1% in the session following this news. A strong positive reaction aligns with the company’s expanded $1 billion repurchase authorization and increased 2025 buyback expectations of 7.0%–8.5% of shares outstanding. Past capital-return and AI-related announcements often coincided with gains, as shown by the prior 5.12% move on related buyback and partnership news. Investors would have weighed this against recent insider selling activity and overall valuation when assessing the durability of such a move.
Key Terms
stock repurchase program financial
non-GAAP EPS financial
Form 8-K regulatory
AI-generated analysis. Not financial advice.
In the news release, Blackbaud Announces Reauthorized, Expanded and Replenished, issued 02-Dec-2025 by Blackbaud over PR Newswire, the headline should have read "Blackbaud Announces Reauthorized, Expanded and Replenished
Blackbaud Announces Reauthorized, Expanded and Replenished $1 Billion
"We believe there is no better use of capital at this time than repurchasing shares at this valuation to improve shareholder value," said Mike Gianoni, president, CEO and vice chairman of the board of directors, Blackbaud. "Since instituting our current stock repurchase program in the fourth quarter of 2023, we have reduced our common stock outstanding by more than
Under the program, the company may repurchase shares of its common stock in the open market, through private transactions, or otherwise. Any net share settlement of employee stock compensation is incremental to this program. During 2025, prior to the replenishment on December 1, 2025, Blackbaud repurchased an aggregate of 2,707,953 shares for
Additional details can be found in Blackbaud's Form 8-K filed today with the Securities and Exchange Commission.
About Blackbaud
Blackbaud (NASDAQ: BLKB) is the leading software provider exclusively dedicated to powering social impact. Serving the nonprofit and education sectors, companies committed to social responsibility and individual change makers, Blackbaud's essential software is built to accelerate impact in fundraising, nonprofit financial management, digital giving, grantmaking, corporate social responsibility and education management. With millions of users and over
Media Inquiries
media@blackbaud.com
Investor Contact
IR@blackbaud.com
Forward-looking Statements
Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements that involve a number of risks and uncertainties, including statements regarding expected benefits of products and product features. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: general economic risks; uncertainty regarding increased business and renewals from existing customers; continued success in sales growth; management of integration of acquired companies and other risks associated with acquisitions; risks associated with successful implementation of multiple integrated software products; the ability to attract and retain key personnel; risks associated with management of growth; lengthy sales and implementation cycles; technological changes that make our products and services less competitive; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC's website at www.sec.gov or upon request from Blackbaud's investor relations department. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.
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SOURCE Blackbaud
FAQ
What did Blackbaud (BLKB) announce on December 2, 2025 about its stock repurchase program?
How many shares did Blackbaud (BLKB) repurchase in 2025 before December 1, 2025?
What percentage of Blackbaud (BLKB) shares were reduced since Q4 2023?
What is the remaining availability under Blackbaud's (BLKB) repurchase program as of Dec 1, 2025?
How does Blackbaud (BLKB) plan to execute repurchases under the program?
