Blackhawk Network Holdings Inc. (NASDAQ:HAWK)’s share price was up 5.3% on Tuesday . The stock traded as high as $30.69 and last traded at $30.58, with a volume of 576,631 shares changing hands. The stock had previously closed at $29.04.

Several equities analysts recently weighed in on HAWK shares. Bank of America Corp. reissued a “hold” rating and issued a $36.00 target price on shares of Blackhawk Network Holdings in a research note on Wednesday, July 20th. Zacks Investment Research cut shares of Blackhawk Network Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 20th. Finally, Credit Agricole SA raised shares of Blackhawk Network Holdings from an “underperform” rating to an “outperform” rating and lifted their price objective for the stock from $34.00 to $36.00 in a research report on Wednesday. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $43.63.

The firm has a market capitalization of $1.74 billion, a P/E ratio of 76.41 and a beta of 0.64. The stock’s 50 day moving average price is $32.76 and its 200 day moving average price is $33.43.

Blackhawk Network Holdings (NASDAQ:HAWK) last issued its earnings results 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. Blackhawk Network Holdings had a return on equity of 15.40% and a net margin of 1.24%. During the same quarter last year, the business earned $0.38 EPS. Equities analysts forecast that Blackhawk Network Holdings Inc. will post $1.57 EPS for the current year.

In related news, Director Arun Sarin sold 25,000 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $35.92, for a total value of $898,000.00. Following the completion of the sale, the director now directly owns 40,529 shares of the company’s stock, valued at approximately $1,455,801.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.24% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale raised its stake in Blackhawk Network Holdings by 37.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 3,333 shares of the company’s stock worth $109,000 after buying an additional 911 shares during the last quarter. US Bancorp DE raised its stake in Blackhawk Network Holdings by 94.7% in the second quarter. US Bancorp DE now owns 5,800 shares of the company’s stock worth $194,000 after buying an additional 2,821 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Blackhawk Network Holdings by 23.4% in the first quarter. Envestnet Asset Management Inc. now owns 5,799 shares of the company’s stock worth $199,000 after buying an additional 1,101 shares during the last quarter. Penserra Capital Management LLC raised its stake in Blackhawk Network Holdings by 22.6% in the second quarter. Penserra Capital Management LLC now owns 6,392 shares of the company’s stock worth $214,000 after buying an additional 1,178 shares during the last quarter. Finally, HBK Investments L P raised its stake in Blackhawk Network Holdings by 10.3% in the first quarter. HBK Investments L P now owns 6,400 shares of the company’s stock worth $220,000 after buying an additional 600 shares during the last quarter. 91.35% of the stock is owned by institutional investors and hedge funds.

Blackhawk Network Holdings Company Profile

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.

5 Day Chart for NASDAQ:HAWK

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