US Bancorp DE reduced its position in Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) by 15.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,079 shares of the credit services provider’s stock after selling 1,272 shares during the period. US Bancorp DE’s holdings in Blackhawk Network Holdings were worth $309,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Legato Capital Management LLC bought a new stake in Blackhawk Network Holdings during the second quarter worth approximately $388,000. Reinhart Partners Inc. increased its stake in Blackhawk Network Holdings by 2.7% in the second quarter. Reinhart Partners Inc. now owns 81,870 shares of the credit services provider’s stock worth $3,570,000 after buying an additional 2,150 shares during the period. AMI Asset Management Corp increased its stake in Blackhawk Network Holdings by 6.6% in the second quarter. AMI Asset Management Corp now owns 383,339 shares of the credit services provider’s stock worth $16,714,000 after buying an additional 23,875 shares during the period. Horrell Capital Management Inc. bought a new stake in Blackhawk Network Holdings during the second quarter worth approximately $121,000. Finally, Bank of Montreal Can increased its stake in Blackhawk Network Holdings by 10.1% in the second quarter. Bank of Montreal Can now owns 369,833 shares of the credit services provider’s stock worth $16,124,000 after buying an additional 33,917 shares during the period. 98.69% of the stock is owned by institutional investors and hedge funds.

Shares of Blackhawk Network Holdings, Inc. (HAWK) traded down 0.410% on Monday, hitting $42.525. 49,785 shares of the stock traded hands. Blackhawk Network Holdings, Inc. has a one year low of $28.88 and a one year high of $46.70. The stock has a 50 day moving average of $43.41 and a 200 day moving average of $40.74. The company’s market cap is $2.41 billion.

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

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A number of equities research analysts have commented on the stock. BidaskClub raised shares of Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research raised shares of Blackhawk Network Holdings from a “hold” rating to a “strong-buy” rating and set a $51.00 target price for the company in a research report on Tuesday, July 25th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $53.00 target price (up previously from $49.00) on shares of Blackhawk Network Holdings in a research report on Monday, July 24th. Mizuho reaffirmed a “buy” rating and issued a $52.00 target price (up previously from $50.00) on shares of Blackhawk Network Holdings in a research report on Saturday, July 22nd. Finally, Bank of America Corporation lifted their target price on shares of Blackhawk Network Holdings from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, July 20th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Blackhawk Network Holdings has a consensus rating of “Buy” and an average target price of $45.14.

In related news, insider Joan B. Lockie sold 2,543 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $43.92, for a total transaction of $111,688.56. Following the sale, the insider now owns 17,168 shares in the company, valued at $754,018.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP David C. Tate sold 18,669 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $42.88, for a total transaction of $800,526.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,212 shares of company stock worth $4,298,465. 3.80% of the stock is owned by company insiders.

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.

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

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