Blackbaud expands stock repurchase program to $800M from $500M

BLACKBAUD INC

Board reauthorized and expanded buyback program capacity from $500M to $800M; no expiration date.
In H1 2024, repurchased 2.95M shares for $262.6M, representing ~5.5% of shares outstanding.
CEO states repurchases at current valuation are best use of capital, supported by cash flows and new debt facility.

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