Ameritas Investment Partners Inc. purchased a new position in shares of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,744 shares of the credit services provider’s stock, valued at approximately $193,000.

Several other large investors also recently bought and sold shares of HAWK. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Blackhawk Network Holdings by 1.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,675 shares of the credit services provider’s stock worth $100,000 after buying an additional 35 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Blackhawk Network Holdings by 15.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,909 shares of the credit services provider’s stock worth $148,000 after buying an additional 512 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Blackhawk Network Holdings during the first quarter worth $207,000. HCR Wealth Advisors acquired a new position in shares of Blackhawk Network Holdings during the fourth quarter worth $223,000. Finally, Ellington Management Group LLC acquired a new position in shares of Blackhawk Network Holdings during the fourth quarter worth $226,000.

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

Blackhawk Network Holdings, Inc. (HAWK) opened at 41.20 on Friday. The firm’s market cap is $2.32 billion. Blackhawk Network Holdings, Inc. has a one year low of $28.88 and a one year high of $44.90. The firm has a 50-day moving average of $42.39 and a 200-day moving average of $38.90.

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

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HAWK has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. SunTrust Banks, Inc. initiated coverage on shares of Blackhawk Network Holdings in a research note on Wednesday, March 15th. They issued a “buy” rating and a $44.00 target price for the company. Deutsche Bank AG lifted their target price on shares of Blackhawk Network Holdings from $41.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Citigroup Inc. raised shares of Blackhawk Network Holdings from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $39.00 to $47.00 in a research note on Friday, May 19th. Finally, First Analysis lifted their target price on shares of Blackhawk Network Holdings from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, March 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. Blackhawk Network Holdings currently has an average rating of “Buy” and a consensus price target of $40.69.

In other news, insider Joan B. Lockie sold 5,374 shares of the firm’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $41.53, for a total transaction of $223,182.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Roche L. Talbott Hoskins sold 20,000 shares of the firm’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 transaction, the insider now directly owns 240,931 shares of the company’s stock, valued at $9,938,403.75. The disclosure for this sale can be found here. Insiders have sold a total of 77,153 shares of company stock valued at $3,198,121 over the last ninety days. 3.80% of the stock is owned by 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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