Nordea Investment Management AB raised its holdings in shares of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) by 1.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 162,600 shares of the credit services provider’s stock after acquiring an additional 1,800 shares during the quarter. Nordea Investment Management AB owned approximately 0.29% of Blackhawk Network Holdings worth $7,089,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Blackhawk Network Holdings by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,523,748 shares of the credit services provider’s stock worth $197,236,000 after acquiring an additional 105,653 shares in the last quarter. BlackRock Inc. grew its stake in shares of Blackhawk Network Holdings by 71,649.0% during the 1st quarter. BlackRock Inc. now owns 3,416,688 shares of the credit services provider’s stock worth $138,718,000 after acquiring an additional 3,411,926 shares in the last quarter. Jana Partners LLC bought a new position in shares of Blackhawk Network Holdings during the 1st quarter worth approximately $109,418,000. Park West Asset Management LLC grew its stake in shares of Blackhawk Network Holdings by 11.9% during the 1st quarter. Park West Asset Management LLC now owns 2,535,262 shares of the credit services provider’s stock worth $102,932,000 after acquiring an additional 268,763 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Blackhawk Network Holdings by 17.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,667,775 shares of the credit services provider’s stock worth $67,712,000 after acquiring an additional 247,976 shares in the last quarter. 95.31% of the stock is owned by institutional investors.

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In related news, SVP David C. Tate sold 18,669 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $42.88, for a total transaction of $800,526.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jerry N. Ulrich sold 75,000 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $45.15, for a total value of $3,386,250.00. Following the sale, the chief financial officer now owns 63,280 shares of the company’s stock, valued at approximately $2,857,092. The disclosure for this sale can be found here. Insiders have sold 96,212 shares of company stock valued at $4,298,465 in the last quarter. 3.80% of the stock is currently owned by corporate insiders.

Blackhawk Network Holdings, Inc. (HAWK) opened at 43.70 on Thursday. The company has a 50 day moving average of $43.58 and a 200 day moving average of $41.91. Blackhawk Network Holdings, Inc. has a 1-year low of $29.60 and a 1-year high of $46.70. The company’s market capitalization is $2.48 billion.

Blackhawk Network Holdings (NASDAQ:HAWK) last announced its quarterly earnings results on Wednesday, July 19th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $463.10 million during the quarter, compared to the consensus estimate of $447.43 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. Blackhawk Network Holdings’s revenue was up 18.4% compared to the same quarter last year. On average, analysts predict that Blackhawk Network Holdings, Inc. will post $1.68 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on HAWK. BidaskClub cut shares of Blackhawk Network Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Zacks Investment Research raised shares of Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Jefferies Group LLC reaffirmed a “buy” rating and set a $53.00 price target (up from $49.00) on shares of Blackhawk Network Holdings in a research note on Monday, July 24th. Bank of America Corporation raised their price target on shares of Blackhawk Network Holdings from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, July 20th. Finally, Mizuho reaffirmed a “buy” rating and set a $52.00 price target (up from $50.00) on shares of Blackhawk Network Holdings in a research note on Saturday, July 22nd. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $46.62.

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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