Trexquant Investment LP Invests $432,000 in Qiwi PLC (QIWI)

Trexquant Investment LP acquired a new stake in Qiwi PLC (NASDAQ:QIWI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 32,800 shares of the credit services provider’s stock, valued at approximately $432,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Trust Advisors LP lifted its stake in shares of Qiwi by 94.8% in the second quarter. First Trust Advisors LP now owns 28,261 shares of the credit services provider’s stock valued at $445,000 after purchasing an additional 13,756 shares during the period. Platinum Investment Management Ltd. lifted its stake in shares of Qiwi by 11.7% in the second quarter. Platinum Investment Management Ltd. now owns 2,556,346 shares of the credit services provider’s stock valued at $40,262,000 after purchasing an additional 268,025 shares during the period. Perpetual Ltd lifted its stake in shares of Qiwi by 305.2% in the third quarter. Perpetual Ltd now owns 81,909 shares of the credit services provider’s stock valued at $1,079,000 after purchasing an additional 61,695 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Qiwi by 14.8% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 885,490 shares of the credit services provider’s stock valued at $11,662,000 after purchasing an additional 114,241 shares during the period. Finally, River & Mercantile Asset Management LLP lifted its stake in shares of Qiwi by 5.6% in the second quarter. River & Mercantile Asset Management LLP now owns 319,228 shares of the credit services provider’s stock valued at $5,023,000 after purchasing an additional 16,988 shares during the period. Hedge funds and other institutional investors own 29.65% of the company’s stock.

NASDAQ:QIWI opened at $14.43 on Thursday. Qiwi PLC has a twelve month low of $11.61 and a twelve month high of $20.05. The stock has a market cap of $647.94 million, a price-to-earnings ratio of 13.88 and a beta of 2.29.

Qiwi (NASDAQ:QIWI) last posted its earnings results on Wednesday, November 14th. The credit services provider reported $18.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $18.81. Qiwi had a net margin of 11.52% and a return on equity of 14.40%. The firm had revenue of $5.23 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same period last year, the firm posted $17.38 EPS. The firm’s revenue for the quarter was up 61.5% on a year-over-year basis. As a group, equities research analysts anticipate that Qiwi PLC will post 0.76 earnings per share for the current fiscal year.

Several brokerages recently commented on QIWI. Zacks Investment Research cut shares of Qiwi from a “buy” rating to a “hold” rating in a research note on Thursday, August 16th. BidaskClub upgraded shares of Qiwi from a “hold” rating to a “buy” rating in a research note on Tuesday, November 27th. ValuEngine upgraded shares of Qiwi from a “strong sell” rating to a “sell” rating in a research note on Friday, November 16th. Finally, UBS Group reduced their price objective on shares of Qiwi from $24.50 to $22.00 and set a “buy” rating for the company in a research note on Friday, August 24th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $17.33.

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Qiwi 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 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.

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Institutional Ownership by Quarter for Qiwi (NASDAQ:QIWI)

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