Blackhawk Network Holdings Inc. (NASDAQ:HAWK)’s share price traded down 2.2% during mid-day trading on Monday . The stock traded as low as $33.59 and last traded at $33.59, with a volume of 287,032 shares changing hands. The stock had previously closed at $34.34.

Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Blackhawk Network Holdings from a “strong-buy” rating to a “hold” rating in a report on Friday, July 29th. Wedbush reaffirmed a “neutral” rating and issued a $30.00 target price (down from $33.00) on shares of Blackhawk Network Holdings in a report on Thursday, April 28th. Finally, Bank of America Corp. reaffirmed a “hold” rating and issued a $36.00 target price on shares of Blackhawk Network Holdings in a report on Wednesday, July 20th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $45.71.

The stock has a market capitalization of $1.86 billion and a price-to-earnings ratio of 81.93. The firm’s 50-day moving average is $33.97 and its 200 day moving average is $34.26.

Blackhawk Network Holdings (NASDAQ:HAWK) last announced its quarterly earnings data on Tuesday, July 19th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.13. During the same quarter in the previous year, the business earned $0.38 earnings per share. On average, equities research analysts predict that Blackhawk Network Holdings Inc. will post $1.70 EPS for the current year.

In related news, Director Arun Sarin sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $35.92, for a total value of $898,000.00. Following the completion of the transaction, the director now directly owns 40,529 shares in the company, valued at approximately $1,455,801.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

A number of institutional investors have recently made changes to their positions in HAWK. Morgan Stanley raised 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 worth $24,712,000 after buying an additional 232,481 shares during the last quarter. Wells Fargo & Company MN raised 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 worth $7,927,000 after buying an additional 65,902 shares during the last quarter. Russell Frank Co raised its position in shares of Blackhawk Network Holdings by 257.7% in the fourth quarter. Russell Frank Co now owns 32,085 shares of the company’s stock worth $1,451,000 after buying an additional 23,115 shares during the last quarter. Rhumbline Advisers raised its position in shares of Blackhawk Network Holdings by 7.7% in the fourth quarter. Rhumbline Advisers now owns 54,002 shares of the company’s stock worth $2,387,000 after buying an additional 3,850 shares during the last quarter. Finally, Hodges Capital Management Inc. raised its position in shares of Blackhawk Network Holdings by 0.9% in the fourth quarter. Hodges Capital Management Inc. now owns 421,845 shares of the company’s stock worth $18,650,000 after buying an additional 3,575 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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