Teachers Retirement System of The State of Kentucky grew its stake in shares of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) by 44.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,906 shares of the credit services provider’s stock after buying an additional 16,340 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.09% of Blackhawk Network Holdings worth $2,307,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings 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 during the last quarter. BlackRock Inc. grew its position in Blackhawk Network Holdings by 71,649.0% in the first 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 Blackhawk Network Holdings in the first quarter valued at $109,418,000. Park West Asset Management LLC increased its stake in Blackhawk Network Holdings by 11.9% in the first quarter. Park West Asset Management LLC now owns 2,535,262 shares of the credit services provider’s stock valued at $102,932,000 after acquiring an additional 268,763 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Blackhawk Network Holdings by 17.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,667,775 shares of the credit services provider’s stock valued at $67,712,000 after acquiring an additional 247,976 shares during the last quarter. 95.31% of the stock is owned by institutional investors.

Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) opened at 44.55 on Tuesday. Blackhawk Network Holdings, Inc. has a 52-week low of $29.61 and a 52-week high of $46.70. The company’s market capitalization is $2.52 billion. The company’s 50-day moving average price is $43.84 and its 200 day moving average price is $42.42.

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, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.07. The company had revenue of $463.10 million during the quarter, compared to analyst estimates of $447.43 million. Blackhawk Network Holdings had a positive return on equity of 5.49% and a negative net margin of 0.01%. The firm’s revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the business posted $0.13 earnings per share. On average, equities analysts expect that Blackhawk Network Holdings, Inc. will post $1.68 EPS for the current fiscal year.

A number of research firms have weighed in on HAWK. Bank of America Corporation raised their price target on Blackhawk Network Holdings from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, July 20th. Zacks Investment Research upgraded Blackhawk Network Holdings from a “hold” rating to a “strong-buy” rating and set a $51.00 price objective for the company in a report on Tuesday, July 25th. Mizuho reiterated a “buy” rating and issued a $52.00 price objective (up from $50.00) on shares of Blackhawk Network Holdings in a report on Saturday, July 22nd. Craig Hallum reiterated a “buy” rating and set a $58.00 price objective on shares of Blackhawk Network Holdings in a research report on Friday, September 1st. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $53.00 price objective (up from $49.00) on shares of Blackhawk Network Holdings in a research report on Monday, July 24th. 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 an average rating of “Buy” and an average price target of $46.62.

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In other news, insider Joan B. Lockie sold 2,543 shares of the firm’s 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 completion of the sale, the insider now directly owns 17,168 shares of the company’s stock, valued at approximately $754,018.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jerry N. Ulrich sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $45.15, for a total value of $3,386,250.00. Following the completion of the sale, the chief financial officer now directly owns 63,280 shares of the company’s stock, valued at $2,857,092. The disclosure for this sale can be found here. Insiders have sold 96,212 shares of company stock worth $4,298,465 over the last three months. 3.80% of the stock is currently owned by insiders.

Blackhawk Network Holdings 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.

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

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