Dumac Inc. boosted its stake in Qiwi PLC (NASDAQ:QIWI) by 56.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,492 shares of the credit services provider’s stock after purchasing an additional 3,047 shares during the quarter. Dumac Inc.’s holdings in Qiwi were worth $162,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Invictus RG acquired a new position in Qiwi during the fourth quarter valued at approximately $215,000. GSA Capital Partners LLP acquired a new position in shares of Qiwi during the first quarter worth $217,000. Standard Life Aberdeen plc lifted its position in shares of Qiwi by 24.2% during the fourth quarter. Standard Life Aberdeen plc now owns 28,700 shares of the credit services provider’s stock worth $497,000 after purchasing an additional 5,600 shares in the last quarter. Albert D Mason Inc. lifted its position in shares of Qiwi by 146.7% during the first quarter. Albert D Mason Inc. now owns 27,000 shares of the credit services provider’s stock worth $516,000 after purchasing an additional 16,055 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of 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 purchasing an additional 5,784 shares in the last quarter. Hedge funds and other institutional investors own 29.78% of the company’s stock.
A number of research analysts have recently commented on the stock. BidaskClub raised shares of Qiwi from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. ValuEngine cut shares of Qiwi from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Credit Suisse Group cut shares of Qiwi from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $18.00 to $14.00 in a research report on Monday, May 28th. Zacks Investment Research raised shares of Qiwi from a “sell” rating to a “hold” rating in a research report on Saturday, March 10th. Finally, UBS Group raised shares of Qiwi from a “neutral” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Thursday, April 5th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Qiwi presently has a consensus rating of “Hold” and an average target price of $22.00.
NASDAQ QIWI opened at $16.71 on Friday. The firm has a market cap of $773.66 million, a PE ratio of 16.07 and a beta of 2.66. Qiwi PLC has a 52 week low of $13.66 and a 52 week high of $26.55.
Qiwi (NASDAQ:QIWI) last posted its quarterly earnings results on Wednesday, May 23rd. The credit services provider reported $17.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $17.34. The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $3.83 billion. Qiwi had a net margin of 14.45% and a return on equity of 16.76%. The firm’s quarterly revenue was up 41.1% on a year-over-year basis. During the same period in the prior year, the company posted $20.76 earnings per share. research analysts anticipate that Qiwi PLC will post 1.13 EPS for the current year.
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 offers payment services across online, mobile, and physical channels through a network of approximately 109,000 kiosks and 43,000 terminals that run its proprietary software.
Want to see what other hedge funds are holding QIWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qiwi PLC (NASDAQ:QIWI).
Receive News & Ratings for Qiwi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qiwi and related companies with MarketBeat.com's FREE daily email newsletter.