Shares of Blackhawk Network Holdings Inc. (NASDAQ:HAWK) were up 2.2% on Wednesday . The company traded as high as $34.36 and last traded at $34.20, with a volume of 450,354 shares. The stock had previously closed at $33.47.

A number of analysts have weighed in on HAWK shares. Zacks Investment Research raised shares of Blackhawk Network Holdings from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Tuesday, May 3rd. Wedbush reissued a “neutral” rating and issued a $30.00 price objective (down previously from $33.00) on shares of Blackhawk Network Holdings in a research note on Thursday, April 28th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $46.75.

The stock has a 50-day moving average price of $33.54 and a 200 day moving average price of $35.05. The firm has a market capitalization of $1.91 billion and a P/E ratio of 51.30.

Blackhawk Network Holdings (NASDAQ:HAWK) last posted its quarterly earnings results on Tuesday, April 26th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.32 by $0.14. The firm earned $366.50 million during the quarter, compared to analyst estimates of $197.97 million. The company’s revenue was up 14.6% on a year-over-year basis. During the same period last year, the company earned $0.34 EPS. Equities research analysts expect that Blackhawk Network Holdings Inc. will post $2.52 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System boosted its position in Blackhawk Network Holdings by 0.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 27,043 shares of the company’s stock valued at $1,196,000 after buying an additional 96 shares during the period. Russell Frank Co boosted its position in Blackhawk Network Holdings by 257.7% in the fourth quarter. Russell Frank Co now owns 32,085 shares of the company’s stock valued at $1,451,000 after buying an additional 23,115 shares during the period. Nationwide Fund Advisors boosted its position in Blackhawk Network Holdings by 2.0% in the fourth quarter. Nationwide Fund Advisors now owns 35,693 shares of the company’s stock valued at $1,578,000 after buying an additional 717 shares during the period. First Trust Advisors LP boosted its position in Blackhawk Network Holdings by 0.3% in the fourth quarter. First Trust Advisors LP now owns 39,596 shares of the company’s stock valued at $1,751,000 after buying an additional 109 shares during the period. Finally, Penserra Capital Management LLC purchased a new position in Blackhawk Network Holdings during the fourth quarter valued at approximately $1,967,000.

Blackhawk Network Holdings, Inc is a prepaid payment network. The Company offers a range of prepaid gift, telecom and debit cards, in physical and electronic forms, as well as related prepaid products and payment services. The Company’s segments are US Retail, International Retail and Incentives & Rewards.

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