California State Teachers Retirement System lowered its position in shares of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) by 10.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,960 shares of the credit services provider’s stock after selling 11,241 shares during the period. California State Teachers Retirement System owned 0.17% of Blackhawk Network Holdings worth $4,227,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Strs Ohio grew its stake in Blackhawk Network Holdings by 38.9% in the 2nd quarter. Strs Ohio now owns 2,500 shares of the credit services provider’s stock worth $109,000 after buying an additional 700 shares in the last quarter. Horrell Capital Management Inc. bought a new stake in shares of Blackhawk Network Holdings in the 2nd quarter worth approximately $121,000. Prudential Financial Inc. bought a new stake in Blackhawk Network Holdings during the 2nd quarter valued at $207,000. Campbell Newman Asset Management Inc. bought a new position in Blackhawk Network Holdings in the 2nd quarter worth $213,000. Finally, ING Groep NV purchased a new stake in shares of Blackhawk Network Holdings in the 2nd quarter worth about $218,000. 95.62% of the stock is owned by institutional investors.

Shares of Blackhawk Network Holdings, Inc. (NASDAQ HAWK) opened at $35.05 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $1.97 billion, a P/E ratio of 60.97, a P/E/G ratio of 5.58 and a beta of 0.45.

Blackhawk Network Holdings (NASDAQ:HAWK) last issued its quarterly earnings data 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 firm had revenue of $419.30 million for the quarter, compared to analysts’ expectations of $439.32 million. During the same quarter in the prior year, the business earned $0.14 EPS. The business’s quarterly revenue was up 16.0% on a year-over-year basis. analysts expect that Blackhawk Network Holdings, Inc. will post 0.41 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on HAWK. Bank of America Corporation upped their target price on shares of Blackhawk Network Holdings from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, July 20th. Zacks Investment Research raised shares of Blackhawk Network Holdings from a “hold” rating to a “strong-buy” rating and set a $51.00 price objective on the stock in a research report on Tuesday, July 25th. Mizuho reaffirmed a “buy” rating and set a $52.00 price target (up previously from $50.00) on shares of Blackhawk Network Holdings in a report on Saturday, July 22nd. Craig Hallum reaffirmed a “buy” rating and set a $58.00 price target on shares of Blackhawk Network Holdings in a report on Friday, September 1st. Finally, BidaskClub raised shares of Blackhawk Network Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $47.62.

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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.

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

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