Blackhawk Network Holdings Inc (NASDAQ:HAWK) General Counsel Kirsten E. Richesson sold 21,779 shares of the stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $41.00, for a total transaction of $892,939.00. Following the sale, the general counsel now owns 26,136 shares of the company’s stock, valued at $1,071,576. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Blackhawk Network Holdings Inc (NASDAQ:HAWK) traded up 2.984% during midday trading on Friday, hitting $42.275. 229,190 shares of the company traded hands. The stock’s market capitalization is $2.38 billion. Blackhawk Network Holdings Inc has a 52 week low of $28.88 and a 52 week high of $42.80. The company has a 50-day moving average price of $40.77 and a 200-day moving average price of $37.76.

Blackhawk Network Holdings (NASDAQ:HAWK) last issued its quarterly earnings data on Wednesday, April 26th. The credit services provider reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.07. The business had revenue of $407.20 million during the quarter, compared to the consensus estimate of $379.13 million. Blackhawk Network Holdings had a net margin of 1.15% and a return on equity of 13.30%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 EPS. Analysts anticipate that Blackhawk Network Holdings Inc will post $1.65 earnings per share for the current fiscal year.

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Several hedge funds have recently modified their holdings of HAWK. Ladenburg Thalmann Financial Services Inc. increased its stake in Blackhawk Network Holdings by 1.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,675 shares of the credit services provider’s stock valued at $100,000 after buying an additional 35 shares during the period. Envestnet Asset Management Inc. increased its stake in Blackhawk Network Holdings by 15.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,909 shares of the credit services provider’s stock valued at $148,000 after buying an additional 512 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in Blackhawk Network Holdings during the first quarter valued at approximately $193,000. Turner Investments LLC acquired a new stake in Blackhawk Network Holdings during the first quarter valued at approximately $203,000. Finally, Harbor Advisors LLC acquired a new stake in Blackhawk Network Holdings during the first quarter valued at approximately $203,000. Institutional investors and hedge funds own 96.11% of the company’s stock.

Several analysts have commented on HAWK shares. Credit Suisse Group AG lowered shares of Blackhawk Network Holdings from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $37.00 to $36.00 in a report on Thursday, February 16th. Jefferies Group LLC restated a “buy” rating and issued a $43.00 price objective on shares of Blackhawk Network Holdings in a report on Thursday, February 16th. Zacks Investment Research lowered shares of Blackhawk Network Holdings from a “hold” rating to a “sell” rating in a report on Thursday, February 23rd. SunTrust Banks, Inc. started coverage on shares of Blackhawk Network Holdings in a report on Wednesday, March 15th. They issued a “buy” rating and a $44.00 price objective for the company. Finally, First Analysis raised their price objective on shares of Blackhawk Network Holdings from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, March 23rd. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $40.23.

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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