Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Trading Down 3.6%

Joint Stock Company Kaspi.kz (NASDAQ:KSPI)’s share price was down 3.6% during trading on Wednesday . The company traded as low as $118.75 and last traded at $119.10. Approximately 246,126 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 281,539 shares. The stock had previously closed at $123.52.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. boosted their target price on shares of Joint Stock Company Kaspi.kz from $159.00 to $183.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th.

Joint Stock Company Kaspi.kz Price Performance

The firm’s 50 day moving average is $127.11 and its 200-day moving average is $123.61. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.05.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last announced its earnings results on Thursday, August 1st. The company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.82 by ($0.61). The company had revenue of $966.37 million for the quarter, compared to analysts’ expectations of $1.26 billion. Equities analysts forecast that Joint Stock Company Kaspi.kz will post 11.32 earnings per share for the current year.

Joint Stock Company Kaspi.kz Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 22nd were paid a dividend of $1.7916 per share. The ex-dividend date of this dividend was Thursday, August 22nd.

Institutional Trading of Joint Stock Company Kaspi.kz

Several institutional investors have recently bought and sold shares of the stock. Baillie Gifford & Co. lifted its holdings in shares of Joint Stock Company Kaspi.kz by 191.5% during the second quarter. Baillie Gifford & Co. now owns 3,343,859 shares of the company’s stock valued at $431,391,000 after acquiring an additional 2,196,646 shares during the period. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Joint Stock Company Kaspi.kz in the first quarter valued at about $64,051,000. Nikko Asset Management Americas Inc. bought a new stake in Joint Stock Company Kaspi.kz during the first quarter worth about $64,051,000. Russell Investments Group Ltd. bought a new stake in Joint Stock Company Kaspi.kz during the first quarter worth about $19,063,000. Finally, Renaissance Capital LLC raised its stake in shares of Joint Stock Company Kaspi.kz by 36.5% in the second quarter. Renaissance Capital LLC now owns 10,230 shares of the company’s stock valued at $1,320,000 after acquiring an additional 2,738 shares during the last quarter. Institutional investors and hedge funds own 0.09% of the company’s stock.

About Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in the Republic of Kazakhstan. It operates through three segments: Payments Platform, Marketplace Platform, and Fintech Platform. The Payments Platform segment facilities transactions between customers and merchants.