Blackbaud (BLKB) said Tuesday that its board has increased the capacity of its existing stock repurchase program to $1 billion from $800 million.
The company said the program allows it to buy back shares in the open market, through private transactions, or in other ways, with net settlements of employee stock compensation treated separately.
Blackbaud said it repurchased about 2.7 million shares for $174.5 million in 2025, representing roughly 6.7% of its outstanding common stock as of Dec. 31, 2024, including employee stock settlements.
The company said it expects fiscal 2025 stock repurchases to range from 7% to 8.5% of its outstanding common stock as of 2024.
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