American Century Companies Inc. Grows Stock Holdings in Qifu Technology, Inc. (NASDAQ:QFIN)

American Century Companies Inc. increased its stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 5.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 499,507 shares of the company’s stock after purchasing an additional 23,565 shares during the period. American Century Companies Inc. owned approximately 0.31% of Qifu Technology worth $9,855,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of Qifu Technology during the second quarter valued at approximately $31,000. Blue Trust Inc. raised its holdings in shares of Qifu Technology by 598.4% during the second quarter. Blue Trust Inc. now owns 1,732 shares of the company’s stock valued at $32,000 after purchasing an additional 1,484 shares during the last quarter. Parallel Advisors LLC increased its holdings in Qifu Technology by 83.9% during the fourth quarter. Parallel Advisors LLC now owns 2,426 shares of the company’s stock valued at $38,000 after buying an additional 1,107 shares during the last quarter. Janiczek Wealth Management LLC increased its holdings in Qifu Technology by 131.4% during the first quarter. Janiczek Wealth Management LLC now owns 2,386 shares of the company’s stock valued at $44,000 after buying an additional 1,355 shares during the last quarter. Finally, BOCHK Asset Management Ltd purchased a new stake in Qifu Technology during the fourth quarter valued at approximately $95,000. 74.81% of the stock is owned by hedge funds and other institutional investors.

Qifu Technology Trading Down 1.5 %

Shares of QFIN stock opened at $25.76 on Monday. Qifu Technology, Inc. has a 12 month low of $13.68 and a 12 month high of $26.50. The stock has a market cap of $4.16 billion, a P/E ratio of 6.67, a P/E/G ratio of 0.43 and a beta of 0.61. The company has a 50 day simple moving average of $22.74 and a two-hundred day simple moving average of $20.54.

Qifu Technology (NASDAQ:QFIN) last announced its earnings results on Tuesday, August 13th. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.23. Qifu Technology had a net margin of 28.06% and a return on equity of 21.82%. The business had revenue of $572.44 million during the quarter, compared to analysts’ expectations of $582.69 million. As a group, equities analysts forecast that Qifu Technology, Inc. will post 4.94 earnings per share for the current year.

Qifu Technology Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, September 27th will be issued a dividend of $0.60 per share. This is a boost from Qifu Technology’s previous semi-annual dividend of $0.57. This represents a yield of 4.7%. The ex-dividend date is Friday, September 27th. Qifu Technology’s dividend payout ratio is currently 29.53%.

Qifu Technology Company Profile

Qifu Technology, Inc, through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service.