Jerry N. Ulrich Sells 30,000 Shares of Blackhawk Network Holdings, Inc. (HAWK) Stock
Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) CFO Jerry N. Ulrich sold 30,000 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $41.90, for a total value of $1,257,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) traded down 3.17% during midday trading on Friday, reaching $41.20. The company’s stock had a trading volume of 1,373,531 shares. Blackhawk Network Holdings, Inc. has a 52 week low of $28.88 and a 52 week high of $44.90. The firm’s 50 day moving average is $42.39 and its 200 day moving average is $38.90. The firm’s market capitalization is $2.32 billion.
Blackhawk Network Holdings (NASDAQ:HAWK) last released its quarterly earnings data on Wednesday, April 26th. The credit services provider reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.07. Blackhawk Network Holdings had a positive return on equity of 8.36% and a negative net margin of 0.27%. The company had revenue of $407.20 million for the quarter, compared to analyst estimates of $379.13 million. During the same period last year, the company posted $0.46 earnings per share. The firm’s revenue was up 11.1% compared to the same quarter last year. Equities analysts forecast that Blackhawk Network Holdings, Inc. will post $1.65 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its position in Blackhawk Network Holdings by 5.0% in the fourth quarter. FMR LLC now owns 7,789,418 shares of the credit services provider’s stock valued at $293,466,000 after buying an additional 368,450 shares during the period. Vanguard Group Inc. raised its position in Blackhawk Network Holdings by 3.7% in the first quarter. Vanguard Group Inc. now owns 4,418,095 shares of the credit services provider’s stock valued at $179,375,000 after buying an additional 156,299 shares during the period. BlackRock Inc. raised its position in Blackhawk Network Holdings by 71,649.0% in the first quarter. BlackRock Inc. now owns 3,416,688 shares of the credit services provider’s stock valued at $138,718,000 after buying an additional 3,411,926 shares during the period. P2 Capital Partners LLC raised its position in Blackhawk Network Holdings by 22.1% in the third quarter. P2 Capital Partners LLC now owns 2,808,526 shares of the credit services provider’s stock valued at $84,733,000 after buying an additional 508,526 shares during the period. Finally, Jana Partners LLC bought a new position in Blackhawk Network Holdings during the first quarter valued at approximately $109,418,000.
Several equities research analysts recently issued reports on HAWK shares. Jefferies Group LLC reiterated a “buy” rating and issued a $43.00 price objective on shares of Blackhawk Network Holdings in a report on Thursday, February 16th. SunTrust Banks, Inc. started coverage on Blackhawk Network Holdings in a report on Wednesday, March 15th. They issued a “buy” rating and a $44.00 price objective on the stock. Deutsche Bank AG boosted their price objective on Blackhawk Network Holdings from $41.00 to $46.00 and gave the company a “buy” rating in a report on Friday, April 28th. Citigroup Inc. upgraded Blackhawk Network Holdings from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $39.00 to $47.00 in a report on Friday, May 19th. Finally, Zacks Investment Research upgraded Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a report on Thursday, March 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. Blackhawk Network Holdings has a consensus rating of “Buy” and a consensus target price of $40.69.
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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