Teachers Advisors LLC raised its stake in Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) by 2.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,856 shares of the credit services provider’s stock after buying an additional 2,106 shares during the period. Teachers Advisors LLC’s holdings in Blackhawk Network Holdings were worth $3,770,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in HAWK. Vident Investment Advisory LLC acquired a new stake in shares of Blackhawk Network Holdings during the first quarter valued at about $326,000. Atria Investments LLC increased its stake in shares of Blackhawk Network Holdings by 3.0% in the first quarter. Atria Investments LLC now owns 10,428 shares of the credit services provider’s stock valued at $423,000 after buying an additional 308 shares in the last quarter. Vivaldi Capital Management LLC acquired a new stake in shares of Blackhawk Network Holdings during the first quarter valued at about $10,376,670,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Blackhawk Network Holdings during the first quarter valued at about $193,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Blackhawk Network Holdings during the first quarter valued at about $207,000. 99.56% of the stock is owned by hedge funds and other institutional investors.

Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) opened at 42.30 on Thursday. The stock’s 50 day moving average price is $43.40 and its 200-day moving average price is $40.45. The firm’s market cap is $2.40 billion. Blackhawk Network Holdings, Inc. has a one year low of $28.88 and a one year high of $46.70.

Blackhawk Network Holdings (NASDAQ:HAWK) last released its earnings results on Wednesday, July 19th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.07. Blackhawk Network Holdings had a positive return on equity of 5.49% and a negative net margin of 0.01%. The business had revenue of $463.10 million for the quarter, compared to analyst estimates of $447.43 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. Blackhawk Network Holdings’s revenue was up 18.4% on a year-over-year basis. Analysts forecast that Blackhawk Network Holdings, Inc. will post $1.68 earnings per share for the current year.

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HAWK has been the subject of several research analyst reports. Deutsche Bank AG increased their price objective on Blackhawk Network Holdings from $41.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Mizuho initiated coverage on Blackhawk Network Holdings in a research report on Tuesday, June 27th. They issued a “buy” rating and a $50.00 target price on the stock. Citigroup Inc. reaffirmed a “buy” rating and issued a $47.00 target price on shares of Blackhawk Network Holdings in a research report on Monday, July 17th. Zacks Investment Research raised Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Finally, TheStreet lowered Blackhawk Network Holdings from a “b-” rating to a “c” rating in a research report on Tuesday, June 20th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Blackhawk Network Holdings presently has a consensus rating of “Buy” and a consensus price target of $45.14.

In related news, insider Roche L. Talbott Hoskins sold 20,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $41.25, for a total transaction of $825,000.00. Following the sale, the insider now owns 240,931 shares in the company, valued at $9,938,403.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David C. Tate sold 18,669 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $42.88, for a total value of $800,526.72. The disclosure for this sale can be found here. Insiders have sold 116,212 shares of company stock worth $5,123,465 in the last quarter. 3.80% of the stock is currently owned by corporate insiders.

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.

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Institutional Ownership by Quarter for Blackhawk Network Holdings (NASDAQ:HAWK)

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