Trexquant Investment LP bought a new position in shares of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,231 shares of the credit services provider’s stock, valued at approximately $577,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Prescott Group Capital Management L.L.C. raised its position in shares of Blackhawk Network Holdings by 0.3% in the first quarter. Prescott Group Capital Management L.L.C. now owns 90,279 shares of the credit services provider’s stock worth $3,665,000 after buying an additional 279 shares during the last quarter. Atria Investments LLC raised its position 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 worth $423,000 after buying an additional 308 shares during the last quarter. First Manhattan Co. raised its position in shares of Blackhawk Network Holdings by 1.8% in the first quarter. First Manhattan Co. now owns 32,754 shares of the credit services provider’s stock worth $988,000 after buying an additional 582 shares during the last quarter. Strs Ohio raised its position in shares of Blackhawk Network Holdings by 38.9% in the second quarter. Strs Ohio now owns 2,500 shares of the credit services provider’s stock worth $109,000 after buying an additional 700 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Blackhawk Network Holdings by 10.1% in the first quarter. US Bancorp DE now owns 8,351 shares of the credit services provider’s stock worth $339,000 after buying an additional 764 shares during the last quarter. Institutional investors and hedge funds own 99.56% of the company’s stock.

Shares of Blackhawk Network Holdings, Inc. (HAWK) opened at 42.35 on Friday. The company’s market cap is $2.40 billion. The stock’s 50 day moving average price is $43.43 and its 200 day moving average price is $40.50. 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 issued its quarterly earnings data on Wednesday, July 19th. The credit services provider reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07. The business had revenue of $463.10 million for the quarter, compared to analyst estimates of $447.43 million. Blackhawk Network Holdings had a positive return on equity of 5.49% and a negative net margin of 0.01%. Blackhawk Network Holdings’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. Equities analysts predict that Blackhawk Network Holdings, Inc. will post $1.68 earnings per share for the current fiscal year.

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A number of research analysts recently commented on the company. Citigroup Inc. upgraded Blackhawk Network Holdings from a “neutral” rating to a “buy” rating and upped their target price for the company from $39.00 to $47.00 in a research note on Friday, May 19th. BidaskClub lowered Blackhawk Network Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Zacks Investment Research lowered Blackhawk Network Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, June 15th. Jefferies Group LLC reiterated a “buy” rating and set a $53.00 price objective (up from $49.00) on shares of Blackhawk Network Holdings in a research note on Monday, July 24th. Finally, Bank of America Corporation increased their price objective on Blackhawk Network Holdings from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, July 20th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $45.14.

In other Blackhawk Network Holdings news, insider Joan B. Lockie sold 2,543 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $43.92, for a total value of $111,688.56. Following the sale, the insider now owns 17,168 shares in the company, valued at approximately $754,018.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP David C. Tate sold 18,669 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were 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 a total of 116,212 shares of company stock worth $5,123,465 in the last 90 days. 3.80% of the stock is currently owned by corporate insiders.

About Blackhawk Network Holdings

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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