Trade Report: Today, Teacher Retirement System of Texas invests in Blackhawk Network Holdings Inc. (HAWK) Shares

Today, Teacher Retirement System of Texas invests in Blackhawk Network Holdings Inc. (HAWK) Shares

Teacher Retirement System of Texas increased its position in shares of Blackhawk Network Holdings Inc. (NASDAQ:HAWK) by 20.5% during the second quarter, Holdings Channel reports. The institutional investor owned 7,705 shares of the company’s stock after buying an additional 1,309 shares during the period. Teacher Retirement System of Texas’ holdings in Blackhawk Network Holdings were worth $258,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Prudential Financial Inc. increased its position in shares of Blackhawk Network Holdings by 106.8% in the first quarter. Prudential Financial Inc. now owns 16,501 shares of the company’s stock worth $566,000 after buying an additional 8,521 shares in the last quarter. BlackRock Inc. increased its position in shares of Blackhawk Network Holdings by 56.8% in the first quarter. BlackRock Inc. now owns 37,160 shares of the company’s stock worth $1,275,000 after buying an additional 13,467 shares in the last quarter. BlackRock Group LTD increased its position in shares of Blackhawk Network Holdings by 35.3% in the first quarter. BlackRock Group LTD now owns 97,040 shares of the company’s stock worth $3,329,000 after buying an additional 25,309 shares in the last quarter. Spark Investment Management LLC bought a new position in shares of Blackhawk Network Holdings during the first quarter worth about $1,656,000. Finally, State Street Corp increased its position in shares of Blackhawk Network Holdings by 1.1% in the first quarter. State Street Corp now owns 924,375 shares of the company’s stock worth $31,706,000 after buying an additional 9,860 shares in the last quarter. Institutional investors and hedge funds own 91.34% of the company’s stock.

Shares of Blackhawk Network Holdings Inc. (NASDAQ:HAWK) opened at 34.50 on Tuesday. Blackhawk Network Holdings Inc. has a 52-week low of $28.88 and a 52-week high of $48.40. The firm has a market capitalization of $1.94 billion, a PE ratio of 85.40 and a beta of 0.67. The company has a 50 day moving average of $31.89 and a 200 day moving average of $33.15.

Blackhawk Network Holdings (NASDAQ:HAWK) last posted its quarterly earnings data on Tuesday, October 11th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.04. The business earned $361.60 million during the quarter. Blackhawk Network Holdings had a net margin of 1.15% and a return on equity of 13.38%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 EPS. On average, analysts anticipate that Blackhawk Network Holdings Inc. will post $1.57 earnings per share for the current fiscal year.

A number of equities analysts have recently issued reports on HAWK shares. Bank of America Corp. reiterated a “hold” rating and issued a $36.00 price target on shares of Blackhawk Network Holdings in a report on Wednesday, July 20th. Zacks Investment Research downgraded shares of Blackhawk Network Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 20th. Credit Agricole SA upgraded shares of Blackhawk Network Holdings from an “underperform” rating to an “outperform” rating and raised their target price for the company from $34.00 to $36.00 in a report on Wednesday, September 21st. They noted that the move was a valuation call. Jefferies Group restated a “buy” rating and set a $43.00 target price on shares of Blackhawk Network Holdings in a report on Monday, October 10th. Finally, Wedbush restated a “neutral” rating and set a $30.00 target price on shares of Blackhawk Network Holdings in a report on Saturday. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $42.75.

In related news, Director Arun Sarin sold 25,000 shares of the company’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $35.92, for a total value of $898,000.00. Following the completion of the sale, the director now owns 40,529 shares of the company’s stock, valued at $1,455,801.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.24% of the stock is currently owned by corporate insiders.

Blackhawk Network Holdings Company Profile

Blackhawk Network Holdings, Inc is a prepaid payment network. The Company offers a range of prepaid gift, telecom and debit cards, in physical and electronic forms, as well as related prepaid products and payment services. The Company’s segments are US Retail, International Retail and Incentives & Rewards.

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