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Ken GriffinReduced
Citadel Advisors · Q2 2026
$1.38M
46.45K shares · 0.0% of portfolio
Blackbaud Inc
Blackbaud Inc (BLKB) is listed on NASDAQ and classified in Software - Application, part of the Technology sector. It is headquartered in Charleston, United States and has 2,800 employees. The company is worth $2.56B and trades at 17.6x its earnings of the last twelve months; the median for its sector is 28.0x. Revenue was $1.13B in fiscal 2025, down 2.3% from the year before. Net income was $114.97M. The share price is 20.1% below its 52-week high of $70.71. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Two Sigma (Two Sigma Investments), at $19.32M. In that quarter, 3 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -31.6% over 5Y.
today you would have $727.36▼ -27.3%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 18 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $63.32 | $73.92 | $86.70 | $58.86 | $78.98 | $57.56 | $79.60 | $62.90 | $94.49 | $64.00 | $65.86 | $43.26 | $37.65 | $22.83 | $27.70 | $25.90 | $23.63 | $13.50 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 25.0% a year plus a 0.0% dividend yield. Growth capped at 25%.
Median P/E of 28.0 among peers in the sector.
Median P/E of 58.8 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 14.3x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Technology, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| DXCDXC Technology Co | $16.08 | 21.2x | 0.8x | 0.00% | 4.03% | $2.57B |
| STNEStoneCo Ltd. | $11.15 | 4.5x | 1.4x | 22.69% | 33.97% | $2.57B |
| VECOVeeco Instruments Inc | $41.15 | 124.7x | 2.8x | 0.00% | 2.64% | $2.51B |
| PLUSEplus Inc | $96.15 |
| P/E | 58.8x | 26.7x | — | 1445.0x | — | 658.2x | 359.8x | 318.4x | 67.6x | 61.4x | 66.7x | 119.7x | 69.8x | 56.2x | 152.2x | 36.9x | 38.7x | 37.5x | 19.9x |
| P/S | 3.5x | 2.6x | 3.2x | 4.2x | 3.0x | 4.4x | 3.0x | 4.3x | 3.6x | 5.8x | 4.2x | 4.8x | 3.5x | 3.4x | 2.3x | 3.4x | 3.5x | 3.3x | 2.0x |
| P/B | 9.6x | 34.2x | 28.7x | 5.7x | 4.2x | 5.7x | 6.5x | 9.9x | 8.2x | 13.5x | 11.3x | 14.7x | 10.8x | 10.7x | 7.1x | 8.9x | 9.9x | 9.3x | 6.9x |
| EPS | $2.37 | -$5.92 | $0.06 | -$0.88 | $0.12 | $0.16 | $0.25 | $0.93 | $1.54 | $0.96 | $0.55 | $0.62 | $0.67 | $0.15 | $0.75 | $0.67 | $0.63 | $0.68 |
| Dividend yield | 1.11% | — | — | — | — | — | 0.21% | 0.60% | 0.76% | 0.51% | 0.75% | 0.73% | 1.11% | 1.27% | 2.10% | 1.73% | 1.70% | 1.69% | 2.96% |
| Payout | 65.67% | — | — | — | — | — | 75.00% | 192.00% | 51.61% | 31.17% | 50.00% | 87.27% | 77.42% | 71.64% | 320.00% | 64.00% | 65.67% | 63.49% | 58.82% |
| Profit margin | 5.15% | 10.19% | -25.94% | 0.27% | -4.29% | 0.61% | 0.85% | 1.32% | 5.28% | 9.34% | 6.21% | 4.02% | 5.01% | 6.05% | 1.47% | 8.96% | 8.94% | 8.89% | 9.88% |
| ROE | 13.70% | 135.17% | -236.15% | 0.37% | -6.10% | 0.79% | 1.81% | 3.00% | 12.00% | 21.90% | 16.87% | 12.18% | 15.22% | 18.86% | 4.46% | 23.73% | 25.06% | 24.95% | 34.85% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+91.0% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 20.6x |
| 2.3x |
| 1.12% |
| 11.70% |
| $2.51B |
| EEFTEuronet Worldwide Inc | $67.06 | 10.5x | 2.0x | 0.00% | 22.37% | $2.51B |
| FIVNFive9, Inc. | $35.10 | 50.9x | 3.3x | 0.00% | 7.92% | $2.62B |