Qifu Technology (NASDAQ:QFIN) Hits New 12-Month High at $32.35

Qifu Technology, Inc. (NASDAQ:QFIN) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $32.35 and last traded at $32.35, with a volume of 30181 shares trading hands. The stock had previously closed at $30.86.

Qifu Technology Price Performance

The stock has a 50 day moving average of $24.00 and a two-hundred day moving average of $21.11. The stock has a market capitalization of $5.24 billion, a PE ratio of 7.99, a P/E/G ratio of 0.51 and a beta of 0.62.

Qifu Technology (NASDAQ:QFIN) last released 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 return on equity of 21.82% and a net margin of 28.06%. The company had revenue of $572.44 million during the quarter, compared to the consensus estimate of $582.69 million. As a group, research analysts predict that Qifu Technology, Inc. will post 4.94 earnings per share for the current fiscal year.

Qifu Technology Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, September 27th will be paid a dividend of $0.60 per share. This is a positive change from Qifu Technology’s previous semi-annual dividend of $0.57. The ex-dividend date is Friday, September 27th. This represents a dividend yield of 4.7%. Qifu Technology’s payout ratio is 30.57%.

Institutional Trading of Qifu Technology

Several large investors have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Qifu Technology by 88.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 102,000 shares of the company’s stock worth $1,880,000 after purchasing an additional 47,800 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Qifu Technology during the fourth quarter worth $794,000. Quantbot Technologies LP acquired a new position in shares of Qifu Technology in the first quarter worth $634,000. Banque Cantonale Vaudoise lifted its position in shares of Qifu Technology by 94.3% in the first quarter. Banque Cantonale Vaudoise now owns 206,000 shares of the company’s stock valued at $3,797,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of Qifu Technology by 9.8% in the second quarter. Hsbc Holdings PLC now owns 424,904 shares of the company’s stock valued at $8,377,000 after acquiring an additional 37,948 shares in the last quarter. Institutional investors and hedge funds own 74.81% of the company’s stock.

About Qifu Technology

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.