CSat Investment Advisory L.P. Buys Shares of 60,723 Qiwi PLC (QIWI)
CSat Investment Advisory L.P. bought a new position in Qiwi PLC (NASDAQ:QIWI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 60,723 shares of the credit services provider’s stock, valued at approximately $956,000.
Other hedge funds have also added to or reduced their stakes in the company. Engineers Gate Manager LP purchased a new stake in Qiwi in the second quarter worth $158,000. Dumac Inc. increased its stake in Qiwi by 56.0% in the first quarter. Dumac Inc. now owns 8,492 shares of the credit services provider’s stock worth $162,000 after purchasing an additional 3,047 shares during the period. GSA Capital Partners LLP purchased a new stake in Qiwi in the first quarter worth $217,000. Handelsbanken Fonder AB purchased a new stake in Qiwi in the second quarter worth $268,000. Finally, First Trust Advisors LP increased its stake in Qiwi by 94.8% in the second quarter. First Trust Advisors LP now owns 28,261 shares of the credit services provider’s stock worth $445,000 after purchasing an additional 13,756 shares during the period. Institutional investors and hedge funds own 29.00% of the company’s stock.
A number of analysts have weighed in on the company. Zacks Investment Research upgraded Qiwi from a “sell” rating to a “hold” rating in a research note on Tuesday, June 19th. BidaskClub lowered Qiwi from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 21st. UBS Group reduced their target price on Qiwi from $24.50 to $22.00 and set a “buy” rating on the stock in a research note on Friday, August 24th. ValuEngine upgraded Qiwi from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 22nd. Finally, TheStreet upgraded Qiwi from a “c+” rating to a “b-” rating in a research note on Monday, August 6th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $17.67.
Qiwi (NASDAQ:QIWI) last announced its quarterly earnings results on Thursday, August 16th. The credit services provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.03). The firm had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.09 billion. Qiwi had a net margin of 12.66% and a return on equity of 15.13%. The business’s quarterly revenue was up 53.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $17.70 EPS. analysts forecast that Qiwi PLC will post 0.81 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.
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