Guggenheim Capital LLC increased its holdings in shares of Qiwi (NASDAQ:QIWI) by 1,278.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 178,618 shares of the credit services provider’s stock after acquiring an additional 165,662 shares during the quarter. Guggenheim Capital LLC’s holdings in Qiwi were worth $3,096,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in QIWI. Deutsche Bank AG grew its stake in Qiwi by 13.6% during the fourth quarter. Deutsche Bank AG now owns 215,139 shares of the credit services provider’s stock worth $3,727,000 after buying an additional 25,680 shares in the last quarter. Fred Alger Management Inc. grew its stake in Qiwi by 28.5% during the fourth quarter. Fred Alger Management Inc. now owns 36,304 shares of the credit services provider’s stock worth $629,000 after buying an additional 8,045 shares in the last quarter. Invictus RG acquired a new stake in Qiwi during the fourth quarter worth about $215,000. Geode Capital Management LLC grew its stake in Qiwi by 20.7% during the fourth quarter. Geode Capital Management LLC now owns 33,729 shares of the credit services provider’s stock worth $584,000 after buying an additional 5,784 shares in the last quarter. Finally, Yakira Capital Management Inc. grew its stake in Qiwi by 18.0% during the fourth quarter. Yakira Capital Management Inc. now owns 72,000 shares of the credit services provider’s stock worth $1,248,000 after buying an additional 11,000 shares in the last quarter. 26.30% of the stock is currently owned by institutional investors and hedge funds.
QIWI opened at $18.49 on Monday. Qiwi has a 1-year low of $13.66 and a 1-year high of $26.55. The company has a market capitalization of $830.24, a PE ratio of 17.78 and a beta of 2.71.
Qiwi (NASDAQ:QIWI) last posted its quarterly earnings results on Wednesday, March 28th. The credit services provider reported $10.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $10.35. Qiwi had a net margin of 15.11% and a return on equity of 18.36%. The company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same period last year, the company posted $15.43 EPS. The firm’s quarterly revenue was up 45.9% compared to the same quarter last year. sell-side analysts anticipate that Qiwi will post 1.08 earnings per share for the current year.
A number of equities research analysts have issued reports on the stock. UBS upgraded shares of Qiwi from a “neutral” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Thursday. BidaskClub upgraded shares of Qiwi from a “hold” rating to a “buy” rating in a research note on Thursday, March 15th. Zacks Investment Research upgraded shares of Qiwi from a “sell” rating to a “hold” rating in a research note on Saturday, March 10th. Finally, ValuEngine upgraded shares of Qiwi from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 7th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Qiwi currently has a consensus rating of “Buy” and a consensus target price of $25.00.
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Qiwi Company Profile
Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russian Federation, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally. The company provides payment services across physical, online, and mobile channels through a network of approximately 113,000 kiosks and 49,000 terminals that run its proprietary software.
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