Teachers Retirement System of The State of Kentucky Takes Position in Blackhawk Network Holdings, Inc. (NASDAQ:HAWK)

Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 36,566 shares of the credit services provider’s stock, valued at approximately $1,485,000. Teachers Retirement System of The State of Kentucky owned about 0.06% of Blackhawk Network Holdings as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Jana Partners LLC purchased a new stake in Blackhawk Network Holdings during the first quarter valued at $109,418,000. Vident Investment Advisory LLC purchased a new stake in Blackhawk Network Holdings during the first quarter valued at $326,000. Atria Investments LLC raised its stake in 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. State Street Corp raised its stake in Blackhawk Network Holdings by 4.1% in the fourth quarter. State Street Corp now owns 991,589 shares of the credit services provider’s stock valued at $37,362,000 after buying an additional 39,207 shares in the last quarter. Finally, Vivaldi Capital Management LLC purchased a new stake in Blackhawk Network Holdings during the first quarter valued at $10,376,670,000. Institutional investors own 99.58% of the company’s stock.

Shares of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) opened at 42.70 on Wednesday. The company’s market capitalization is $2.41 billion. The firm has a 50-day moving average price of $42.60 and a 200 day moving average price of $39.26. Blackhawk Network Holdings, Inc. has a 12-month low of $28.88 and a 12-month high of $44.90.

Blackhawk Network Holdings (NASDAQ:HAWK) last announced its earnings results on Wednesday, April 26th. The credit services provider reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.07. The business had revenue of $407.20 million for the quarter, compared to analysts’ expectations of $379.13 million. Blackhawk Network Holdings had a positive return on equity of 8.36% and a negative net margin of 0.27%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 EPS. On average, equities research analysts predict that Blackhawk Network Holdings, Inc. will post $1.65 earnings per share for the current year.

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Several equities research analysts recently weighed in on HAWK shares. SunTrust Banks, Inc. started coverage on Blackhawk Network Holdings in a research report on Wednesday, March 15th. They set a “buy” rating and a $44.00 price target on the stock. Deutsche Bank AG lifted their price target on Blackhawk Network Holdings from $41.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Zacks Investment Research upgraded Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, April 5th. Mizuho started coverage on Blackhawk Network Holdings in a research report on Tuesday, June 27th. They set a “buy” rating and a $50.00 price target on the stock. Finally, First Analysis lifted their price target on Blackhawk Network Holdings from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, March 23rd. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $42.00.

In related news, Director Robert B. Henske bought 3,500 shares of the company’s stock in a transaction on Wednesday, May 3rd. The shares were acquired at an average price of $41.57 per share, with a total value of $145,495.00. Following the transaction, the director now owns 4,500 shares of the company’s stock, valued at $187,065. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jeffrey H. Fox bought 2,775 shares of the company’s stock in a transaction on Friday, May 5th. The shares were bought at an average cost of $41.64 per share, for a total transaction of $115,551.00. Following the transaction, the director now directly owns 2,775 shares in the company, valued at approximately $115,551. The disclosure for this purchase can be found here. Insiders have sold a total of 77,153 shares of company stock worth $3,198,121 in the last ninety days. Insiders own 3.80% of the company’s stock.

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.

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

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