Rice Hall James & Associates LLC increased its position in Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 461,644 shares of the credit services provider’s stock after buying an additional 569 shares during the period. Rice Hall James & Associates LLC owned about 0.81% of Blackhawk Network Holdings worth $20,128,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Strs Ohio increased its position in shares of Blackhawk Network Holdings by 38.9% in the second quarter. Strs Ohio now owns 2,500 shares of the credit services provider’s stock worth $109,000 after buying an additional 700 shares during the period. Horrell Capital Management Inc. bought a new position in shares of Blackhawk Network Holdings during the second quarter worth $121,000. Ameritas Investment Partners Inc. bought a new position in shares of Blackhawk Network Holdings during the first quarter worth $193,000. Turner Investments LLC bought a new position in shares of Blackhawk Network Holdings during the first quarter worth $203,000. Finally, Harbor Advisors LLC bought a new position in shares of Blackhawk Network Holdings during the first quarter worth $203,000. 99.56% of the stock is currently owned by institutional investors.
Shares of Blackhawk Network Holdings, Inc. (NASDAQ HAWK) opened at 42.35 on Friday. The company’s market capitalization is $2.40 billion. The company has a 50-day moving average price of $43.43 and a 200-day moving average price of $40.50. Blackhawk Network Holdings, Inc. has a 52 week low of $28.88 and a 52 week high of $46.70.
Blackhawk Network Holdings (NASDAQ:HAWK) last announced its earnings results on Wednesday, July 19th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.07. The business had revenue of $463.10 million for the quarter, compared to analysts’ expectations of $447.43 million. Blackhawk Network Holdings had a positive return on equity of 5.49% and a negative net margin of 0.01%. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period last year, the firm posted $0.13 earnings per share. Analysts predict that Blackhawk Network Holdings, Inc. will post $1.68 earnings per share for the current year.
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A number of equities analysts recently weighed in on HAWK shares. Citigroup Inc. reissued a “buy” rating and issued a $47.00 price target on shares of Blackhawk Network Holdings in a report on Monday, July 17th. Deutsche Bank AG boosted their price target on shares of Blackhawk Network Holdings from $41.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, April 28th. BidaskClub raised shares of Blackhawk Network Holdings from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Mizuho started coverage on shares of Blackhawk Network Holdings in a report on Tuesday, June 27th. They issued a “buy” rating and a $50.00 price target on the stock. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $53.00 price target (up from $49.00) on shares of Blackhawk Network Holdings in a report on Monday, July 24th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Blackhawk Network Holdings presently has a consensus rating of “Buy” and an average target price of $45.14.
In other news, SVP David C. Tate sold 18,669 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $42.88, for a total value of $800,526.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Roche L. Talbott Hoskins sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $41.25, for a total value of $825,000.00. Following the completion of the transaction, the insider now directly owns 240,931 shares in the company, valued at approximately $9,938,403.75. The disclosure for this sale can be found here. Insiders sold 116,212 shares of company stock worth $5,123,465 in the last ninety days. Corporate insiders own 3.80% of the company’s stock.
About Blackhawk Network Holdings
Blackhawk Network Holdings, Inc is a prepaid payment network. The Company operates through three segments: U.S. Retail, International, and Incentives & Rewards. The U.S. Retail segment is engaged in the sale of prepaid products to consumers at its retail distribution partners and online and the sale of telecom handsets to retail distribution partners for resale to consumers.
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