Falcon Point Capital LLC lessened its holdings in shares of Blackhawk Network Holdings Inc (NASDAQ:HAWK) by 15.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 475,718 shares of the credit services provider’s stock after selling 86,241 shares during the period. Blackhawk Network comprises approximately 2.9% of Falcon Point Capital LLC’s investment portfolio, making the stock its 4th biggest position. Falcon Point Capital LLC’s holdings in Blackhawk Network were worth $16,959,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in HAWK. Swiss National Bank boosted its holdings in shares of Blackhawk Network by 3.9% in the fourth quarter. Swiss National Bank now owns 91,676 shares of the credit services provider’s stock valued at $3,268,000 after purchasing an additional 3,400 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Blackhawk Network by 2.7% in the fourth quarter. California Public Employees Retirement System now owns 150,202 shares of the credit services provider’s stock valued at $5,355,000 after purchasing an additional 3,929 shares during the period. River Road Asset Management LLC boosted its holdings in shares of Blackhawk Network by 3.2% in the fourth quarter. River Road Asset Management LLC now owns 1,408,465 shares of the credit services provider’s stock valued at $50,212,000 after purchasing an additional 43,885 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of Blackhawk Network in the fourth quarter valued at approximately $661,000. Finally, ING Groep NV purchased a new stake in shares of Blackhawk Network in the fourth quarter valued at approximately $13,436,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

A number of analysts recently issued reports on the company. Zacks Investment Research upgraded Blackhawk Network from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Wednesday, December 13th. Mizuho lowered Blackhawk Network from a “buy” rating to a “neutral” rating and set a $50.00 target price for the company. in a report on Wednesday, October 18th. Citigroup lowered Blackhawk Network from a “buy” rating to a “hold” rating and set a $45.25 target price for the company. in a report on Monday, January 22nd. BidaskClub lowered Blackhawk Network from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Finally, Credit Suisse Group upped their target price on Blackhawk Network from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday, January 17th. Thirteen analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $47.27.

Shares of Blackhawk Network Holdings Inc (HAWK) opened at $44.90 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $2,545.22, a price-to-earnings ratio of -748.21, a price-to-earnings-growth ratio of 4.72 and a beta of 0.73. Blackhawk Network Holdings Inc has a twelve month low of $32.60 and a twelve month high of $47.00.

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Blackhawk Network 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.

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

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