Mizuho downgraded shares of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) from a buy rating to a neutral rating in a research report released on Wednesday, MarketBeat reports. Mizuho currently has $50.00 price target on the credit services provider’s stock.

Several other brokerages also recently weighed in on HAWK. BMO Capital Markets reiterated an outperform rating and issued a $52.00 price target (up previously from $50.00) on shares of Blackhawk Network Holdings in a report on Tuesday, September 12th. Zacks Investment Research downgraded shares of Blackhawk Network Holdings from a buy rating to a hold rating in a report on Wednesday, September 20th. SunTrust Banks, Inc. set a $43.00 price target on shares of Blackhawk Network Holdings and gave the stock a buy rating in a report on Thursday, October 12th. Citigroup Inc. reiterated a buy rating and issued a $47.00 price target on shares of Blackhawk Network Holdings in a report on Monday, July 17th. Finally, Bank of America Corporation cut their price target on shares of Blackhawk Network Holdings from $50.00 to $46.00 and set a neutral rating on the stock in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $47.23.

Blackhawk Network Holdings (NASDAQ HAWK) traded up 2.78% during trading on Wednesday, hitting $35.15. 1,676,415 shares of the company were exchanged. Blackhawk Network Holdings has a 1-year low of $32.60 and a 1-year high of $46.70. The firm’s 50 day moving average price is $42.17 and its 200-day moving average price is $42.38. The stock’s market capitalization is $1.99 billion.

Blackhawk Network Holdings (NASDAQ:HAWK) last issued its quarterly earnings results on Wednesday, October 11th. The credit services provider reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.07. Blackhawk Network Holdings had a negative net margin of 0.14% and a positive return on equity of 4.12%. The company had revenue of $419.30 million for the quarter, compared to the consensus estimate of $439.32 million. During the same quarter in the prior year, the company earned $0.14 EPS. Blackhawk Network Holdings’s quarterly revenue was up 16.0% on a year-over-year basis. Equities analysts predict that Blackhawk Network Holdings will post $1.65 EPS for the current year.

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In other Blackhawk Network Holdings news, SVP David C. Tate sold 18,669 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $42.88, for a total value of $800,526.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Jerry N. Ulrich sold 75,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $45.15, for a total value of $3,386,250.00. Following the completion of the sale, the chief financial officer now owns 63,280 shares in the company, valued at approximately $2,857,092. The disclosure for this sale can be found here. In the last 90 days, insiders sold 96,212 shares of company stock worth $4,298,465. Insiders own 3.80% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Amalgamated Bank boosted its position in Blackhawk Network Holdings by 4.8% in the 2nd quarter. Amalgamated Bank now owns 7,057 shares of the credit services provider’s stock worth $308,000 after purchasing an additional 326 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Blackhawk Network Holdings by 1.9% during the 2nd quarter. Legal & General Group Plc now owns 19,282 shares of the credit services provider’s stock valued at $844,000 after buying an additional 351 shares in the last quarter. Strs Ohio lifted its position in shares of Blackhawk Network Holdings by 38.9% during the 2nd quarter. Strs Ohio now owns 2,500 shares of the credit services provider’s stock valued at $109,000 after buying an additional 700 shares in the last quarter. Turner Investments LLC lifted its position in shares of Blackhawk Network Holdings by 20.0% during the 2nd quarter. Turner Investments LLC now owns 6,000 shares of the credit services provider’s stock valued at $262,000 after buying an additional 1,000 shares in the last quarter. Finally, Geneva Advisors LLC lifted its position in shares of Blackhawk Network Holdings by 2.5% during the 2nd quarter. Geneva Advisors LLC now owns 44,795 shares of the credit services provider’s stock valued at $1,953,000 after buying an additional 1,078 shares in the last quarter. Institutional investors and hedge funds own 95.33% 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.

Analyst Recommendations for Blackhawk Network Holdings (NASDAQ:HAWK)

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