Rice Hall James & Associates LLC reduced its position in Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) by 25.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 342,070 shares of the credit services provider’s stock after selling 119,574 shares during the period. Rice Hall James & Associates LLC owned 0.60% of Blackhawk Network Holdings worth $14,983,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Blackhawk Network Holdings by 2.4% during the second quarter. Vanguard Group Inc. now owns 4,523,748 shares of the credit services provider’s stock worth $197,236,000 after purchasing an additional 105,653 shares in the last quarter. BlackRock Inc. boosted its stake in Blackhawk Network Holdings by 71,649.0% in the first quarter. BlackRock Inc. now owns 3,416,688 shares of the credit services provider’s stock worth $138,718,000 after buying an additional 3,411,926 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Blackhawk Network Holdings by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,711,582 shares of the credit services provider’s stock worth $74,626,000 after buying an additional 43,807 shares in the last quarter. Newbrook Capital Advisors LP purchased a new stake in Blackhawk Network Holdings in the second quarter worth approximately $52,890,000. Finally, State Street Corp lifted its position in Blackhawk Network Holdings by 6.7% in the second quarter. State Street Corp now owns 1,094,994 shares of the credit services provider’s stock valued at $47,740,000 after purchasing an additional 68,362 shares during the last quarter. 95.80% of the stock is owned by institutional investors and hedge funds.
Blackhawk Network Holdings, Inc. (HAWK) traded up $0.65 during midday trading on Friday, reaching $35.50. The company’s stock had a trading volume of 1,188,200 shares, compared to its average volume of 641,945. The stock has a market cap of $1,979.93, a PE ratio of 61.14, a PEG ratio of 5.60 and a beta of 0.45. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.86 and a quick ratio of 0.86. Blackhawk Network Holdings, Inc. has a fifty-two week low of $32.60 and a fifty-two week high of $46.70.
Blackhawk Network Holdings (NASDAQ:HAWK) last announced its earnings results on Wednesday, October 11th. The credit services provider reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.07. The firm had revenue of $419.30 million during the quarter, compared to analysts’ expectations of $439.32 million. Blackhawk Network Holdings had a positive return on equity of 4.12% and a negative net margin of 0.14%. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS. equities analysts predict that Blackhawk Network Holdings, Inc. will post 0.41 EPS for the current fiscal year.
HAWK has been the subject of a number of recent analyst reports. Argus decreased their price objective on Blackhawk Network Holdings from $50.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, October 17th. BidaskClub downgraded Blackhawk Network Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research raised Blackhawk Network Holdings from a “hold” rating to a “strong-buy” rating and set a $51.00 target price on the stock in a research note on Tuesday, July 25th. Jefferies Group LLC reissued a “buy” rating and issued a $53.00 target price (up from $49.00) on shares of Blackhawk Network Holdings in a research note on Monday, July 24th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of Blackhawk Network Holdings in a research note on Thursday, October 12th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $47.62.
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Blackhawk Network Holdings 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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