State Board of Administration of Florida Retirement System Maintains Position in Blackhawk Network Holdings Inc (HAWK)

State Board of Administration of Florida Retirement System held its position in shares of Blackhawk Network Holdings Inc (NASDAQ:HAWK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,562 shares of the credit services provider’s stock at the end of the fourth quarter. State Board of Administration of Florida Retirement System’s holdings in Blackhawk Network Holdings were worth $1,001,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of HAWK. Great West Life Assurance Co. Can increased its position in shares of Blackhawk Network Holdings by 46.2% in the third quarter. Great West Life Assurance Co. Can now owns 6,565 shares of the credit services provider’s stock worth $198,000 after buying an additional 2,076 shares during the last quarter. US Bancorp DE increased its position in shares of Blackhawk Network Holdings by 17.6% in the third quarter. US Bancorp DE now owns 6,823 shares of the credit services provider’s stock worth $205,000 after buying an additional 1,023 shares during the last quarter. Atria Investments LLC purchased a new position in shares of Blackhawk Network Holdings during the third quarter worth $242,000. Silver Capital Management LLC purchased a new position in shares of Blackhawk Network Holdings during the third quarter worth $363,000. Finally, Suntrust Banks Inc. increased its position in shares of Blackhawk Network Holdings by 0.9% in the third quarter. Suntrust Banks Inc. now owns 12,462 shares of the credit services provider’s stock worth $375,000 after buying an additional 108 shares during the last quarter. Institutional investors and hedge funds own 96.11% of the company’s stock.

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

Blackhawk Network Holdings Inc (NASDAQ:HAWK) traded up 0.12% during midday trading on Friday, reaching $41.30. 394,451 shares of the company traded hands. The firm has a 50-day moving average price of $38.27 and a 200-day moving average price of $36.66. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 516.25 and a beta of 0.57. Blackhawk Network Holdings Inc has a one year low of $28.88 and a one year high of $41.55.

Blackhawk Network Holdings (NASDAQ:HAWK) last posted its quarterly earnings data on Wednesday, February 15th. The credit services provider reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by $0.11. The company earned $780.60 million during the quarter, compared to the consensus estimate of $354.80 million. Blackhawk Network Holdings had a net margin of 1.15% and a return on equity of 13.30%. Blackhawk Network Holdings’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.26 earnings per share. Equities analysts predict that Blackhawk Network Holdings Inc will post $1.63 EPS for the current fiscal year.

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HAWK has been the topic of several research reports. Zacks Investment Research upgraded shares of Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a report on Thursday, March 16th. BMO Capital Markets initiated coverage on shares of Blackhawk Network Holdings in a report on Thursday, January 5th. They issued a “market perform” rating and a $41.00 price objective on the stock. First Analysis upped their price objective on shares of Blackhawk Network Holdings from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, March 23rd. Citigroup Inc downgraded shares of Blackhawk Network Holdings from a “buy” rating to a “neutral” rating and set a $41.00 price objective on the stock. in a report on Tuesday, January 17th. Finally, Guggenheim initiated coverage on shares of Blackhawk Network Holdings in a report on Wednesday, January 4th. They issued a “neutral” rating and a $41.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Blackhawk Network Holdings currently has an average rating of “Hold” and a consensus price target of $39.75.

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.

5 Day Chart for NASDAQ:HAWK

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