Nordea Investment Management AB lowered its holdings in Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) by 15.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 137,200 shares of the credit services provider’s stock after selling 25,400 shares during the quarter. Nordea Investment Management AB owned about 0.24% of Blackhawk Network worth $6,009,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of HAWK. Teachers Advisors LLC boosted its stake in Blackhawk Network by 2.3% in the first quarter. Teachers Advisors LLC now owns 92,856 shares of the credit services provider’s stock worth $3,770,000 after purchasing an additional 2,106 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Blackhawk Network by 56.5% in the second quarter. Russell Investments Group Ltd. now owns 282,903 shares of the credit services provider’s stock worth $12,334,000 after purchasing an additional 102,168 shares in the last quarter. ING Groep NV acquired a new position in Blackhawk Network in the second quarter worth $218,000. Strs Ohio boosted its stake in Blackhawk Network 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 purchasing an additional 700 shares in the last quarter. Finally, Harbour Capital Advisors LLC boosted its stake in Blackhawk Network by 1,317.1% in the second quarter. Harbour Capital Advisors LLC now owns 23,849 shares of the credit services provider’s stock worth $547,000 after purchasing an additional 22,166 shares in the last quarter. 96.73% of the stock is currently owned by institutional investors.

HAWK has been the subject of a number of recent research reports. SunTrust Banks set a $43.00 target price on Blackhawk Network and gave the stock a “buy” rating in a research report on Thursday, October 12th. Craig Hallum restated a “buy” rating and set a $58.00 target price on shares of Blackhawk Network in a research report on Friday, September 1st. Argus dropped their target price on Blackhawk Network from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, October 17th. Deutsche Bank restated a “buy” rating and set a $51.00 target price on shares of Blackhawk Network in a research report on Friday, November 3rd. Finally, Zacks Investment Research upgraded Blackhawk Network from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $47.62.

Shares of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) opened at $36.20 on Friday. The company has a market capitalization of $2,087.88, a PE ratio of 64.47, a P/E/G ratio of 5.90 and a beta of 0.48. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.74. Blackhawk Network Holdings, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $46.70.

Blackhawk Network (NASDAQ:HAWK) last released its quarterly earnings data on Wednesday, October 11th. The credit services provider reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.07. The business had revenue of $419.30 million during the quarter, compared to the consensus estimate of $439.32 million. Blackhawk Network had a positive return on equity of 4.12% and a negative net margin of 0.14%. The firm’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 earnings per share. equities analysts expect that Blackhawk Network Holdings, Inc. will post 0.41 EPS for the current fiscal year.

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About Blackhawk Network

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 (NASDAQ:HAWK)

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