Shares of Blackhawk Network Holdings Inc. (NASDAQ:HAWK) rose 2.2% during mid-day trading 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.

HAWK has been the topic of a number of recent research reports. Zacks Investment Research raised Blackhawk Network Holdings from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Tuesday, May 3rd. Wedbush reissued a “neutral” rating and set a $30.00 price objective (down previously from $33.00) on shares of Blackhawk Network Holdings in a report 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. Blackhawk Network Holdings presently has a consensus rating of “Buy” and a consensus target price of $46.75.

The company’s 50-day moving average is $33.55 and its 200 day moving average is $35.04. The stock has a market cap of $1.93 billion and a PE ratio of 51.84.

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

Several institutional investors have made changes to their positions in HAWK. S&T Bank PA increased its position in shares of Blackhawk Network Holdings by 29.8% in the fourth quarter. S&T Bank PA now owns 326,580 shares of the company’s stock valued at $14,438,000 after buying an additional 75,020 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Blackhawk Network Holdings by 58.1% in the fourth quarter. Wells Fargo & Company MN now owns 179,296 shares of the company’s stock valued at $7,927,000 after buying an additional 65,902 shares during the last quarter. Standard Life Investments LTD increased its position in shares of Blackhawk Network Holdings by 2.7% in the fourth quarter. Standard Life Investments LTD now owns 2,629,556 shares of the company’s stock valued at $116,240,000 after buying an additional 69,102 shares during the last quarter. Morgan Stanley increased its position in shares of Blackhawk Network Holdings by 71.2% in the fourth quarter. Morgan Stanley now owns 558,956 shares of the company’s stock valued at $24,712,000 after buying an additional 232,481 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its position in shares of Blackhawk Network Holdings by 5.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 70,878 shares of the company’s stock valued at $3,134,000 after buying an additional 3,923 shares during the last quarter.

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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