Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) had its price objective cut by research analysts at BMO Capital Markets from $52.00 to $51.00 in a note issued to investors on Friday. The firm presently has an “outperform” rating on the credit services provider’s stock. BMO Capital Markets’ price target suggests a potential upside of 45.09% from the stock’s current price.

A number of other analysts also recently issued reports on HAWK. Bank of America Corporation dropped their target price on shares of Blackhawk Network Holdings from $50.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Blackhawk Network Holdings in a research report on Thursday. SunTrust Banks, Inc. set a $43.00 target price on shares of Blackhawk Network Holdings and gave the stock a “buy” rating in a research report on Thursday. UBS AG downgraded shares of Blackhawk Network Holdings from an “outperform” rating to a “market perform” rating in a research report on Thursday. Finally, Zacks Investment Research downgraded shares of Blackhawk Network Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $46.23.

Blackhawk Network Holdings (NASDAQ:HAWK) traded up 1.00% during midday trading on Friday, reaching $35.50. 697,722 shares of the company traded hands. The firm’s market capitalization is $2.01 billion. The company’s 50-day moving average price is $43.78 and its 200 day moving average price is $42.63. Blackhawk Network Holdings has a 12 month low of $31.30 and a 12 month high of $46.70.

Blackhawk Network Holdings (NASDAQ:HAWK) last posted its quarterly earnings data on Wednesday, October 11th. The credit services provider reported $0.18 EPS for the quarter, beating the Zacks’ 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 4.16%. The company had revenue of $419.30 million during the quarter, compared to the consensus estimate of $439.32 million. During the same quarter in the prior year, the company posted $0.14 EPS. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, equities analysts anticipate that Blackhawk Network Holdings will post $1.68 earnings per share for the current year.

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In related news, 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 transaction of $3,386,250.00. Following the sale, the chief financial officer now directly owns 63,280 shares of the company’s stock, valued at approximately $2,857,092. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Joan B. Lockie sold 2,543 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $43.92, for a total value of $111,688.56. Following the sale, the insider now directly owns 17,168 shares in the company, valued at $754,018.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 96,212 shares of company stock valued at $4,298,465. Company insiders own 3.80% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Strs Ohio raised 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 acquiring an additional 700 shares in the last quarter. Horrell Capital Management Inc. acquired a new stake in shares of Blackhawk Network Holdings during the 2nd quarter valued at approximately $121,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Blackhawk Network Holdings during the 1st quarter valued at approximately $193,000. Prudential Financial Inc. acquired a new stake in shares of Blackhawk Network Holdings during the 2nd quarter valued at approximately $207,000. Finally, Campbell Newman Asset Management Inc. acquired a new stake in shares of Blackhawk Network Holdings during the 2nd quarter valued at approximately $213,000. 95.31% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Blackhawk Network Holdings (NASDAQ:HAWK)

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