secwatch.observer — SEC 8-K summary
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Issuer:     BLACKBAUD INC (BLKB)
CIK:        0001280058
Form:       8-K
Filed at:   2025-12-02T23:59:59+00:00
Accession:  0001280058-25-000053
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blackbaud expands share repurchase program to $1B, raises 2025 buyback guidance
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- Board raised buyback capacity from $800M to $1B; program has no expiration date.
- YTD 2025 repurchased 2.7M shares for $174.5M, reducing float ~6.7% YTD and >10% since Q4 2023.
- FY2025 expected repurchase range increased to 7.0%–8.5% of outstanding common stock.
- CEO cites current valuation as best capital use; targets mid-single-digit revenue growth and double-digit non-GAAP EPS growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280058/000128005825000053/0001280058-25-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280058/000128005825000053/blkb-20251201.htm
  HTML page:      https://secwatch.observer/filing/0001280058-25-000053

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer