Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) had its price objective reduced by BMO Capital Markets from $52.00 to $51.00 in a research report sent to investors on Friday. They currently have an outperform rating on the credit services provider’s stock.

HAWK has been the subject of a number of other research reports. Mizuho started coverage on shares of Blackhawk Network Holdings in a report on Tuesday, June 27th. They set a buy rating and a $50.00 price objective for the company. BidaskClub upgraded shares of Blackhawk Network Holdings from a sell rating to a hold rating in a report on Thursday, August 17th. Citigroup Inc. restated a buy rating and set a $47.00 price objective on shares of Blackhawk Network Holdings in a report on Monday, July 17th. Craig Hallum restated a buy rating and set a $58.00 price objective on shares of Blackhawk Network Holdings in a report on Friday, September 1st. Finally, TheStreet downgraded shares of Blackhawk Network Holdings from a b- rating to a c rating in a report on Tuesday, June 20th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $47.58.

Shares of Blackhawk Network Holdings (NASDAQ:HAWK) opened at 34.85 on Friday. The company’s market cap is $1.98 billion. The company’s 50 day moving average is $43.57 and its 200 day moving average is $42.65. Blackhawk Network Holdings has a one year low of $32.75 and a one year high of $46.70.

Blackhawk Network Holdings (NASDAQ:HAWK) last announced its earnings results on Wednesday, October 11th. The credit services provider reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.07. The company had revenue of $419.30 million during the quarter, compared to the consensus estimate of $439.32 million. Blackhawk Network Holdings had a negative net margin of 0.14% and a positive return on equity of 4.16%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 earnings per share. On average, equities analysts predict that Blackhawk Network Holdings will post $1.73 earnings per share for the current year.

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In other news, insider Joan B. Lockie sold 2,543 shares of Blackhawk Network Holdings stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $43.92, for a total value of $111,688.56. Following the completion of the transaction, the insider now owns 17,168 shares in the company, valued at $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 Blackhawk Network Holdings stock in a transaction dated 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 completion of the transaction, 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 sold 96,212 shares of company stock valued at $4,298,465 in the last quarter. Corporate insiders own 3.80% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Amalgamated Bank increased its stake in shares of Blackhawk Network Holdings by 4.8% in the second quarter. Amalgamated Bank now owns 7,057 shares of the credit services provider’s stock worth $308,000 after purchasing an additional 326 shares in the last quarter. 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 worth $844,000 after purchasing an additional 351 shares in the last quarter. Strs Ohio increased its stake in shares of Blackhawk Network Holdings by 38.9% in the second quarter. Strs Ohio now owns 2,500 shares of the credit services provider’s stock worth $109,000 after purchasing an additional 700 shares in the last quarter. 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 worth $262,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Geneva Advisors LLC increased its stake in shares of Blackhawk Network Holdings by 2.5% in the second quarter. Geneva Advisors LLC now owns 44,795 shares of the credit services provider’s stock worth $1,953,000 after purchasing an additional 1,078 shares in the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.

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.

Analyst Recommendations for Blackhawk Network Holdings (NASDAQ:HAWK)

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