BLACKBAUD INC

Ticker: BLKB CUSIP: 09227Q100 Class: Common Stock

Ranger Investment Management, L.P.'s Holding History (CIK: 0001319691)

Note: Option positions (PUT/CALL) are excluded.

Q3 2016

Shares 16,640 Value ($000) $1,104 Avg Close $66.22 Range $62.00 - $70.20

Q2 2016

Shares 26,260 Value ($000) $1,783 Avg Close $61.74 Range $56.45 - $66.91

Q1 2016

Shares 26,180 Value ($000) $1,646 Avg Close $57.03 Range $48.60 - $63.86

Q4 2015

Shares 18,040 Value ($000) $1,188 Avg Close $60.86 Range $53.60 - $66.74

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	16,640	$1,104	$66.22	$62.00 - $70.20
Q2 2016	26,260	$1,783	$61.74	$56.45 - $66.91
Q1 2016	26,180	$1,646	$57.03	$48.60 - $63.86
Q4 2015	18,040	$1,188	$60.86	$53.60 - $66.74