ING Groep NV purchased a new stake in Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,000 shares of the credit services provider’s stock, valued at approximately $218,000.

A number of other large investors have also recently modified their holdings of the company. Horrell Capital Management Inc. purchased a new stake in shares of Blackhawk Network Holdings during the second quarter valued at $121,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Blackhawk Network Holdings during the first quarter valued at $193,000. Turner Investments LLC purchased a new stake in shares of Blackhawk Network Holdings during the first quarter valued at $203,000. Harbor Advisors LLC purchased a new stake in shares of Blackhawk Network Holdings during the first quarter valued at $203,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Blackhawk Network Holdings during the first quarter valued at $207,000. 99.56% of the stock is currently owned by institutional investors.

Blackhawk Network Holdings, Inc. (HAWK) traded up 1.07% on Friday, reaching $42.35. The company’s stock had a trading volume of 516,697 shares. Blackhawk Network Holdings, Inc. has a 1-year low of $28.88 and a 1-year high of $46.70. The company’s market capitalization is $2.40 billion. The firm’s 50 day moving average price is $43.43 and its 200-day moving average price is $40.50.

Blackhawk Network Holdings (NASDAQ:HAWK) last issued its earnings results on Wednesday, July 19th. The credit services provider reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07. Blackhawk Network Holdings had a positive return on equity of 5.49% and a negative net margin of 0.01%. The firm had revenue of $463.10 million for the quarter, compared to the consensus estimate of $447.43 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. The company’s revenue was up 18.4% compared to the same quarter last year. Equities analysts forecast that Blackhawk Network Holdings, Inc. will post $1.68 earnings per share for the current year.

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HAWK has been the topic of several recent research reports. Citigroup Inc. reaffirmed a “buy” rating and issued a $47.00 price target on shares of Blackhawk Network Holdings in a research note on Monday, July 17th. Deutsche Bank AG increased their target price on Blackhawk Network Holdings from $41.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. BidaskClub raised Blackhawk Network Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Mizuho started coverage on Blackhawk Network Holdings in a research note on Tuesday, June 27th. They issued a “buy” rating and a $50.00 target price on the stock. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $53.00 target price (up from $49.00) on shares of Blackhawk Network Holdings in a research note on Monday, July 24th. Five research 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 stock. The stock currently has an average rating of “Buy” and an average price target of $45.14.

In related news, insider Roche L. Talbott Hoskins sold 20,000 shares of the company’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 owns 240,931 shares of the company’s stock, valued at approximately $9,938,403.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David C. Tate sold 18,669 shares of the company’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 disclosure for this sale can be found here. Insiders sold a total of 116,212 shares of company stock valued at $5,123,465 in the last ninety days. 3.80% of the stock is currently owned by insiders.

Blackhawk Network Holdings Company Profile

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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Institutional Ownership by Quarter for Blackhawk Network Holdings (NASDAQ:HAWK)

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