Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) – First Analysis issued their Q2 2018 EPS estimates for shares of Blackhawk Network Holdings in a report released on Thursday. First Analysis analyst L. Berlin expects that the credit services provider will post earnings of $0.18 per share for the quarter. First Analysis has a “Overweight” rating and a $47.00 price objective on the stock.

Blackhawk Network Holdings (NASDAQ:HAWK) last posted its earnings results on Wednesday, July 19th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07. Blackhawk Network Holdings had a negative net margin of 0.01% and a positive return on equity of 5.53%. The business had revenue of $463.10 million for the quarter, compared to analyst estimates of $447.43 million. During the same period last year, the business posted $0.13 EPS. Blackhawk Network Holdings’s revenue was up 18.4% compared to the same quarter last year.

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HAWK has been the topic of several other reports. Zacks Investment Research raised shares of Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, March 29th. BidaskClub upgraded shares of Blackhawk Network Holdings from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. TheStreet downgraded shares of Blackhawk Network Holdings from a “b-” rating to a “c” rating in a report on Tuesday, June 20th. Citigroup Inc. upgraded shares of Blackhawk Network Holdings from a “neutral” rating to a “buy” rating and upped their price objective for the company from $39.00 to $47.00 in a report on Friday, May 19th. Finally, Mizuho assumed coverage on shares of Blackhawk Network Holdings in a report on Tuesday, June 27th. They issued a “buy” rating and a $50.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Blackhawk Network Holdings currently has a consensus rating of “Buy” and a consensus price target of $43.07.

Blackhawk Network Holdings (NASDAQ:HAWK) traded down 2.39% during mid-day trading on Friday, reaching $45.00. 604,791 shares of the company’s stock traded hands. Blackhawk Network Holdings has a 1-year low of $28.88 and a 1-year high of $46.70. The firm’s market cap is $2.53 billion. The firm has a 50 day moving average of $43.09 and a 200 day moving average of $39.83.

Several institutional investors have recently added to or reduced their stakes in the stock. State Street Corp increased its position 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 during the period. Envestnet Asset Management Inc. increased its position in 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 valued at $148,000 after buying an additional 512 shares during the period. Guggenheim Capital LLC acquired a new position in Blackhawk Network Holdings during the fourth quarter valued at approximately $313,000. Ladenburg Thalmann Financial Services Inc. increased its position in 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 valued at $100,000 after buying an additional 35 shares during the period. Finally, Norges Bank acquired a new position in Blackhawk Network Holdings during the fourth quarter valued at approximately $18,577,000. Institutional investors and hedge funds own 99.59% of the company’s stock.

In related news, Director Jeffrey H. Fox acquired 2,775 shares of the firm’s stock in a transaction on Friday, May 5th. The shares were purchased at an average cost of $41.64 per share, for a total transaction of $115,551.00. Following the completion of the acquisition, the director now directly owns 2,775 shares in the company, valued at $115,551. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Joan B. Lockie sold 5,374 shares of the company’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $41.53, for a total transaction of $223,182.22. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,153 shares of company stock worth $3,198,121. Corporate insiders own 3.80% of the company’s stock.

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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