Blackhawk Network Holdings, Inc. (HAWK) Position Held by LaSalle Street Capital Management LLC

LaSalle Street Capital Management LLC continued to hold its position in Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,668 shares of the credit services provider’s stock at the close of the second quarter. LaSalle Street Capital Management LLC’s holdings in Blackhawk Network Holdings were worth $770,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Legal & General Group Plc increased its holdings in 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 worth $844,000 after purchasing an additional 351 shares in the last quarter. Strs Ohio increased its holdings in Blackhawk Network Holdings by 38.9% during the 2nd quarter. Strs Ohio now owns 2,500 shares of the credit services provider’s stock worth $109,000 after purchasing an additional 700 shares in the last quarter. US Bancorp DE increased its holdings in Blackhawk Network Holdings by 10.1% during the 1st quarter. US Bancorp DE now owns 8,351 shares of the credit services provider’s stock worth $339,000 after purchasing an additional 764 shares in the last quarter. Nationwide Fund Advisors increased its holdings in Blackhawk Network Holdings by 1.4% during the 1st quarter. Nationwide Fund Advisors now owns 59,061 shares of the credit services provider’s stock worth $2,398,000 after purchasing an additional 817 shares in the last quarter. Finally, Turner Investments LLC increased its holdings in 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 worth $262,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 95.77% of the company’s stock.

In other news, SVP David C. Tate sold 18,669 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $42.88, for a total transaction of $800,526.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jerry N. Ulrich sold 75,000 shares of the business’s stock in a transaction dated 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 $2,857,092. The disclosure for this sale can be found here. Over the last three months, insiders have sold 96,212 shares of company stock valued at $4,298,465. 3.80% of the stock is currently owned by insiders.

Shares of Blackhawk Network Holdings, Inc. (HAWK) traded down 0.33% during trading on Thursday, hitting $45.15. The stock had a trading volume of 60,842 shares. The company’s market capitalization is $2.56 billion. Blackhawk Network Holdings, Inc. has a 1-year low of $28.88 and a 1-year high of $46.70. The firm has a 50-day moving average of $43.58 and a 200 day moving average of $41.63.

Blackhawk Network Holdings (NASDAQ:HAWK) last posted its earnings results on Wednesday, July 19th. The credit services provider reported $0.12 EPS for the quarter, topping the consensus estimate of $0.05 by $0.07. The company had revenue of $463.10 million during the quarter, compared to the consensus estimate of $447.43 million. Blackhawk Network Holdings had a negative net margin of 0.01% and a positive return on equity of 5.49%. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 earnings per share. Equities research analysts predict that Blackhawk Network Holdings, Inc. will post $1.68 earnings per share for the current fiscal year.

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A number of research firms have issued reports on HAWK. BMO Capital Markets reiterated an “outperform” rating and set a $52.00 target price (up previously from $50.00) on shares of Blackhawk Network Holdings in a report on Tuesday. BidaskClub upgraded Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Craig Hallum reiterated a “buy” rating and set a $58.00 target price on shares of Blackhawk Network Holdings in a report on Friday, September 1st. Mizuho began coverage on Blackhawk Network Holdings in a report on Tuesday, June 27th. They set a “buy” rating and a $50.00 target price for the company. Finally, Citigroup Inc. upgraded Blackhawk Network Holdings from a “neutral” rating to a “buy” rating and increased their target price for the stock from $39.00 to $47.00 in a report on Friday, May 19th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $45.86.

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

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