Legal & General Group Plc raised its holdings in shares of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) by 1.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,282 shares of the credit services provider’s stock after purchasing an additional 351 shares during the period. Legal & General Group Plc’s holdings in Blackhawk Network Holdings were worth $844,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. lifted its holdings in shares of Blackhawk Network Holdings by 71,649.0% during the first quarter. BlackRock Inc. now owns 3,416,688 shares of the credit services provider’s stock valued at $138,718,000 after purchasing an additional 3,411,926 shares during the last quarter. Jana Partners LLC bought a new stake in shares of Blackhawk Network Holdings in the 1st quarter worth approximately $109,418,000. Clearline Capital LP purchased a new stake in shares of Blackhawk Network Holdings in the 1st quarter worth approximately $12,797,000. Point72 Asset Management L.P. grew its stake in shares of Blackhawk Network Holdings by 23.4% in the 1st quarter. Point72 Asset Management L.P. now owns 1,455,100 shares of the credit services provider’s stock worth $59,077,000 after buying an additional 275,917 shares during the last quarter. Finally, Park West Asset Management LLC grew its stake in shares of Blackhawk Network Holdings by 11.9% in 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 buying an additional 268,763 shares during the last quarter. 95.31% of the stock is owned by institutional investors and hedge funds.

Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) opened at 44.55 on Tuesday. The stock’s 50 day moving average price is $43.84 and its 200-day moving average price is $42.42. Blackhawk Network Holdings, Inc. has a one year low of $29.61 and a one year high of $46.70. The company’s market capitalization is $2.52 billion.

Blackhawk Network Holdings (NASDAQ:HAWK) last posted its quarterly earnings data on Wednesday, July 19th. The credit services provider reported $0.12 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $463.10 million during the quarter, compared to analysts’ expectations of $447.43 million. During the same quarter last year, the firm earned $0.13 EPS. The business’s quarterly revenue was up 18.4% on a year-over-year basis. Equities analysts forecast that Blackhawk Network Holdings, Inc. will post $1.68 EPS for the current year.

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A number of research analysts recently weighed in on the company. BMO Capital Markets reaffirmed an “outperform” rating and set a $52.00 price objective (up previously from $50.00) on shares of Blackhawk Network Holdings in a research report on Tuesday, September 12th. Zacks Investment Research cut Blackhawk Network Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Citigroup Inc. reissued a “buy” rating and issued a $47.00 target price on shares of Blackhawk Network Holdings in a report on Monday, July 17th. Craig Hallum reissued a “buy” rating and issued a $58.00 target price on shares of Blackhawk Network Holdings in a report on Friday, September 1st. Finally, BidaskClub raised Blackhawk Network Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Blackhawk Network Holdings presently has a consensus rating of “Buy” and an average price target of $46.62.

In other Blackhawk Network Holdings news, SVP David C. Tate sold 18,669 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $42.88, for a total transaction of $800,526.72. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Jerry N. Ulrich sold 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $45.15, for a total transaction of $3,386,250.00. Following the sale, the chief financial officer now directly owns 63,280 shares in the company, valued at approximately $2,857,092. The disclosure for this sale can be found here. Insiders have sold a total of 96,212 shares of company stock worth $4,298,465 over the last ninety days. 3.80% of the stock is currently owned by corporate 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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