Sci-tech

Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) Upgraded at BMO Capital Markets

(NASDAQ:HAWK) by 7.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,825 shares of the credit services provider's stock after selling 84 shares during the period. Horrell Capital Management Inc. purchased a new stake in Blackhawk Network Holdings during the second quarter worth approximately $121,000. After $0.54 actual earnings per share reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts 1.85% EPS growth. Purchases 2,150 Shares of Blackhawk Network Holdings, Inc. First Manhattan Co. now owns 32,754 shares of the credit services provider's stock worth $988,000 after buying an additional 582 shares during the period. 405,572 shares of the company's stock traded hands. Russell Investments Group Ltd. increased its position in shares of Blackhawk Network Holdings by 108.2% in the first quarter. Point72 Asset Management L.P. now owns 1,455,100 shares of the credit services provider's stock valued at $59,077,000 after buying an additional 275,917 shares during the last quarter. River Road Asset Management LLC increased its position in shares of Blackhawk Network Holdings by 12.1% in the first 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 last quarter.

Institutional investors have recently made changes to their positions in the stock. Finally, Fox Run Management L.L.C. purchased a new position in Blackhawk Network Holdings during the first quarter worth about $207,000. (NASDAQ HAWK) opened at 42.45 on Monday. First Manhattan Co. now owns 32,754 shares of the credit services provider's stock valued at $988,000 after buying an additional 582 shares in the last quarter. Tensile Capital Management Llc bought 23,696 shares as the company's stock rose 16.53% with the market. Blackhawk Network Holdings Inc (NASDAQ:HAWK) has risen 34.41% since July 17, 2016 and is uptrending. The stock of Blackhawk Network Holdings Inc (NASDAQ:HAWK) has "Buy" rating given on Thursday, February 25 by Deutsche Bank. The credit services provider reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.07. The firm had revenue of $407.20 million for the quarter, compared to analyst estimates of $379.13 million. Breaking that down further, it has performed -2.53% for the week, -0.35% for the month, 9.41% over the last quarter, 14.42% for the past half-year and 23.33% for this a year ago. The company's revenue was up 11.1% on a year-over-year basis. Equities research analysts anticipate that Blackhawk Network Holdings, Inc. will post $1.65 EPS for the current fiscal year. If you are reading this story on another publication, it was stolen and republished in violation of global copyright legislation. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. & global copyright and trademark laws. Blackhawk Network Holdings earned a news sentiment score of 0.25 on Accern's scale. Zacks Investment Research raised shares of Blackhawk Network Holdings from a "sell" rating to a "hold" rating in a research note on Wednesday, April 5th. BMO Capital Markets upgraded Blackhawk Network Holdings from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $40.00 to $50.00 in a research report on Wednesday, June 28th. The company has an average rating of "Buy" and an average price target of $42.00. Citigroup Inc. raised Blackhawk Network Holdings from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $39.00 to $47.00 in a report on Friday, May 19th. Hedeker Wealth Ltd Liability Company reported 42,120 shares or 1.05% of all its holdings.

The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 1.90. SunTrust Banks, Inc. started coverage on shares of Blackhawk Network Holdings in a research note on Wednesday, March 15th. Wedbush maintained the shares of HAWK in report on Thursday, February 25 with "Neutral" rating. The shares were acquired at an average price of $41.64 per share, with a total value of $115,551.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. About 700,732 shares traded or 47.16% up from the average. Following the sale, the insider now directly owns 240,931 shares of the company's stock, valued at $9,938,403.75. Company insiders own 3.80% of the company's stock. It also reduced its holding in Northstar Asset Mgmt Group I (NYSE:NSAM) by 650,000 shares in the quarter, leaving it with 2.63 million shares, and cut its stake in Macy's Inc (NYSE:M). The Firm operates through three divisions: U.S. It now has negative earnings.



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