Geneva Advisors LLC raised its stake in shares of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 44,795 shares of the credit services provider’s stock after buying an additional 1,078 shares during the period. Geneva Advisors LLC owned approximately 0.08% of Blackhawk Network Holdings worth $1,953,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Turner Investments LLC increased its stake in shares of Blackhawk Network Holdings by 20.0% in the second quarter. Turner Investments LLC now owns 6,000 shares of the credit services provider’s stock valued at $262,000 after buying an additional 1,000 shares during the period. Frontier Capital Management Co. LLC increased its stake in shares of Blackhawk Network Holdings by 20.3% in the second quarter. Frontier Capital Management Co. LLC now owns 466,839 shares of the credit services provider’s stock valued at $20,354,000 after buying an additional 78,722 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of Blackhawk Network Holdings by 557.2% in the second quarter. BNP Paribas Arbitrage SA now owns 6,953 shares of the credit services provider’s stock valued at $303,000 after buying an additional 5,895 shares during the period. Legal & General Group Plc increased its stake in shares of Blackhawk Network Holdings by 1.9% in the second quarter. Legal & General Group Plc now owns 19,282 shares of the credit services provider’s stock valued at $844,000 after buying an additional 351 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Blackhawk Network Holdings by 3.4% in the second quarter. Bank of New York Mellon Corp now owns 264,667 shares of the credit services provider’s stock valued at $11,539,000 after buying an additional 8,670 shares during the period. 98.69% of the stock is currently owned by institutional investors.

Blackhawk Network Holdings, Inc. (HAWK) opened at 42.70 on Friday. The company’s 50-day moving average is $43.37 and its 200 day moving average is $40.98. Blackhawk Network Holdings, Inc. has a 12 month low of $28.88 and a 12 month high of $46.70. The firm’s market cap is $2.42 billion.

Blackhawk Network Holdings (NASDAQ:HAWK) last announced its quarterly earnings results on Wednesday, July 19th. The credit services provider reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07. The company had revenue of $463.10 million during 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%. Blackhawk Network Holdings’s revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 EPS. On average, equities research analysts predict that Blackhawk Network Holdings, Inc. will post $1.68 earnings per share for the current year.

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Several brokerages have issued reports on HAWK. BidaskClub raised shares of Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Zacks Investment Research raised shares of Blackhawk Network Holdings from a “hold” rating to a “strong-buy” rating and set a $51.00 price target on the stock in a report on Tuesday, July 25th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $53.00 price target (up previously from $49.00) on shares of Blackhawk Network Holdings in a report on Monday, July 24th. Mizuho reaffirmed a “buy” rating and issued a $52.00 price target (up previously from $50.00) on shares of Blackhawk Network Holdings in a report on Saturday, July 22nd. Finally, Bank of America Corporation upped their price objective on shares of Blackhawk Network Holdings from $44.00 to $49.00 and gave the company a “neutral” rating in a research note 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 presently has an average rating of “Buy” and an average target price of $45.14.

In related news, SVP David C. Tate sold 18,669 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $42.88, for a total transaction of $800,526.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joan B. Lockie sold 2,543 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $43.92, for a total value of $111,688.56. Following the sale, the insider now directly owns 17,168 shares of the company’s stock, valued at $754,018.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 96,212 shares of company stock valued at $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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