Pivot Point Capital Partners buys $38,083,690 stake in Blackhawk Network Holdings Inc (HAWK)

Blackhawk Network Holdings Inc (HAWK) : Pivot Point Capital Partners scooped up 106,500 additional shares in Blackhawk Network Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,072,780 shares of Blackhawk Network Holdings Inc which is valued at $38,083,690.Blackhawk Network Holdings Inc makes up approximately 27.30% of Pivot Point Capital Partners’s portfolio.

Other Hedge Funds, Including , Price T Rowe Associates Inc Md reduced its stake in HAWK by selling 590,440 shares or 58.63% in the most recent quarter. The Hedge Fund company now holds 416,702 shares of HAWK which is valued at $14,792,921.Nationwide Fund Advisors boosted its stake in HAWK in the latest quarter, The investment management firm added 843 additional shares and now holds a total of 35,978 shares of Blackhawk Network Holdings Inc which is valued at $1,300,605. Blackhawk Network Holdings Inc makes up approx 0.01% of Nationwide Fund Advisors’s portfolio. Meeder Asset Management Inc sold out all of its stake in HAWK during the most recent quarter. The investment firm sold 722 shares of HAWK which is valued $25,992.

Blackhawk Network Holdings Inc closed down -0.2 points or -0.55% at $36.3 with 3,85,425 shares getting traded on Monday. Post opening the session at $36.65, the shares hit an intraday low of $36.15 and an intraday high of $36.8 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Blackhawk Network Holdings Inc reported $0.14 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on Oct 11, 2016. Analyst had a consensus of $0.32. The company had revenue of $361.60 million for the quarter, compared to analysts expectations of $382.04 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.

Many Wall Street Analysts have commented on Blackhawk Network Holdings Inc. Blackhawk Network Holdings Inc was Downgraded by BofA/Merrill to ” Neutral” on Oct 7, 2016. Blackhawk Network Holdings Inc was Upgraded by CLSA to ” Outperform” on Sep 21, 2016.

Blackhawk Network Holdings Inc. (Blackhawk) is a prepaid payment network. The Company offers a range of prepaid gift telecom and debit cards in physical and electronic forms and related prepaid products and payment services in the United States and 21 other countries. It operates in two segments: US Retail and Incentives & Rewards and International Retail. US Retail and Incentives & Rewards segment consists of the various operating segments of its United States retail products online channel secondary card market and incentive and reward solutions and derives revenues from sales of prepaid products to consumers at its United States retail distribution partners online and through its card exchange and prepaid products to consumers through business clients. Its International Retail segment consists of the various operating segments of its geographic regions and derives revenues from sales of prepaid products to consumers at its international retail distribution partners.

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