13FPulse
BL

BLKB BLACKBAUD INC

2026Q2 · CUSIP 09227Q100 · Enterprise Software · Sector: Technology

Normal

Fund flows are within the usual range

Funds that own it
275
Institutions that reported holding it to the SEC
Net decrease in holders
17
Last quarter 292 → now 275
How unusual is that
Bottom 20%
Stronger than only 8% of US stocks
What the filings say, in one paragraph

275 funds held BLKB at the end of 2026Q2, down 17 from the quarter before. Fund flows are within the usual range — nothing unusual. On the business itself, revenue over the last 12 months was $1.1B(YoY +0.7%), the P/E is 14.9x, return on equity is 224.8%. BLKB has had 8 buying rushes in its history, and the price moved -9.6% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Technology sector, tagged Enterprise Software.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=152 2013Q4: holders=148 2014Q1: holders=154 2014Q2: holders=157 2014Q3: holders=162 2014Q4: holders=185 2015Q1: holders=174 2015Q2: holders=182 2015Q3: holders=199 2015Q4: holders=211 2016Q1: holders=216 2016Q2: holders=210 2016Q3: holders=216 2016Q4: holders=216 2017Q1: holders=220 2017Q2: holders=233 2017Q3: holders=226 2017Q4: holders=251 2018Q1: holders=279 2018Q2: holders=264 2018Q3: holders=262 2018Q4: holders=235 2019Q1: holders=231 2019Q2: holders=221 2019Q3: holders=236 2019Q4: holders=240 2020Q1: holders=225 2020Q2: holders=229 2020Q3: holders=236 2020Q4: holders=235 2021Q1: holders=247 2021Q2: holders=243 2021Q3: holders=236 2021Q4: holders=251 2022Q1: holders=244 2022Q2: holders=242 2022Q3: holders=247 2022Q4: holders=246 2023Q1: holders=252 2023Q2: holders=255 2023Q3: holders=253 2023Q4: holders=259 2024Q1: holders=266 2024Q2: holders=283 2024Q3: holders=281 2024Q4: holders=275 2025Q1: holders=279 2025Q2: holders=287 2025Q3: holders=313 2025Q4: holders=303 2026Q1: holders=292 2026Q2: holders=275 -28 -14 +0 +14 +28 133231329 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 8 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2025Q3 Top 20% -14.6% -46.2%
2024Q2 Top 20% +7.6% -12.3%
2019Q3 Top 20% -8.1% -33.6%
2018Q1 Top 10% -1.4% -28.1%
2017Q2 Top 20% +18.9% +16.5%
2015Q3 Top 10% -6.4% -1.9%
2014Q4 Top 20% +14.6% +34.4%
2013Q3 Top 10% -7.9% -5.6%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
136
Change in large funds
-14
Total value they hold
$1.5B
Funds buying for the first time
60
Funds that sold out entirely
77
Price change that quarter
+48.3%
Funds holding puts (bearish)
1
Funds holding calls (bullish)
0

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
14.9
EPS (TTM)
$3.19
EPS YoY
Revenue (TTM)
$1.1B
Revenue YoY
+0.7%
Net margin
13.1%
ROE
224.8%
Debt ratio
97.4%
FCF (TTM)
$329M
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2022-09-30: EPS -0.20 2022-12-31: EPS -0.41 2023-03-31: EPS -0.28 2023-06-30: EPS 0.04 2023-09-30: EPS 0.17 2023-12-31: EPS 0.13 2024-03-31: EPS 0.14 2024-06-30: EPS 0.41 2024-09-30: EPS 0.35 2024-12-31: EPS -6.82 2025-03-31: EPS 0.09 2025-06-30: EPS 0.55 2025-09-30: EPS 0.98 2025-12-31: EPS 0.75 2026-03-31: EPS 0.67 2026-06-30: EPS 0.79 0M 151M 302M $M -7.50 -3.21 1.08 2016201720182019202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
9 610 1210 2023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-27M54M136M 20162017201820192020202120222023202420252026
Latest quarter $50M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.