Blackbaud Inc (BLKB)

Services-Prepackaged Software

Latest Price

$41.62

TTM P/E

13.05

Normalized P/E

Div Yield

Book Value

1.46

P/B Ratio

28.52

Valuation metrics

EPS: $2.37

Book value / share: $1.82

Formula: √(22.5 × EPS × BVPS)

Graham Number

$9.85

76% downside

Base FCF: $202M (median of recent 5yr)

Growth: -2%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$22.26

47% downside

EPS: $2.37

Target P/E: 13×

Formula: EPS × P/E

P/E Fair Value

$30.81

26% downside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Clearlake Capital Group, L.P.	9.75M	$288.0M	21.43%	--	2026-06-30
BlackRock, Inc.	5.98M	$177.0M	13.14%	+1.21M	2026-06-30
Morgan Stanley	4.90M	$145.0M	10.77%	+638.0K	2026-06-30
Vanguard Portfolio Management LLC	3.15M	$93.0M	6.92%	+136.0K	2026-06-30
Vanguard Capital Management LLC	1.94M	$57.0M	4.26%	-5.7K	2026-06-30
State Street Corp	1.65M	$48.0M	3.63%	+135.4K	2026-06-30
Jupiter Topco LLC	1.59M	$47.0M	3.50%	--	2026-06-30
Goldman Sachs Group Inc	1.24M	$36.0M	2.73%	+579.2K	2026-06-30
Geode Capital Management, LLC	938.9K	$27.0M	2.06%	-32.2K	2026-06-30
Arrowstreet Capital, Limited Partnership	858.4K	$25.0M	1.89%	+545.4K	2026-06-30