Cubist Systematic Strategies LLC Decreases Stake in Qifu Technology, Inc. (NASDAQ:QFIN)

Cubist Systematic Strategies LLC lessened its holdings in shares of Qifu Technology, Inc. (NASDAQ:QFIN) by 70.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,196 shares of the company’s stock after selling 155,758 shares during the period. Cubist Systematic Strategies LLC’s holdings in Qifu Technology were worth $1,306,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Hsbc Holdings PLC grew its position in shares of Qifu Technology by 171.6% in the fourth quarter. Hsbc Holdings PLC now owns 336,360 shares of the company’s stock valued at $5,321,000 after purchasing an additional 212,496 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Qifu Technology by 83.9% in the 4th quarter. Parallel Advisors LLC now owns 2,426 shares of the company’s stock worth $38,000 after acquiring an additional 1,107 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Qifu Technology during the 4th quarter worth $794,000. Sompo Asset Management Co. Ltd. boosted its position in shares of Qifu Technology by 2.4% during the 4th quarter. Sompo Asset Management Co. Ltd. now owns 38,500 shares of the company’s stock valued at $609,000 after acquiring an additional 890 shares during the last quarter. Finally, Tiger Pacific Capital LP grew its holdings in shares of Qifu Technology by 10.0% in the fourth quarter. Tiger Pacific Capital LP now owns 2,870,710 shares of the company’s stock valued at $45,415,000 after purchasing an additional 260,306 shares during the period. Institutional investors and hedge funds own 74.81% of the company’s stock.

Qifu Technology Trading Up 3.5 %

Qifu Technology stock opened at $30.86 on Wednesday. The company has a 50-day moving average price of $23.76 and a 200 day moving average price of $21.03. Qifu Technology, Inc. has a 12-month low of $13.68 and a 12-month high of $31.82. The stock has a market cap of $4.98 billion, a P/E ratio of 7.86, a PEG ratio of 0.47 and a beta of 0.61.

Qifu Technology (NASDAQ:QFIN) last released its quarterly earnings data 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 return on equity of 21.82% and a net margin of 28.06%. The firm had revenue of $572.44 million for the quarter, compared to analysts’ expectations of $582.69 million. As a group, analysts forecast that Qifu Technology, Inc. will post 4.94 EPS for the current year.

Qifu Technology Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, November 1st. Investors of record on Friday, September 27th will be issued a $0.60 dividend. This is a positive change 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 payout ratio is 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.