Geode Capital Management LLC Decreases Stock Position in Joint Stock Company Kaspi.kz (NASDAQ:KSPI)

Geode Capital Management LLC cut its stake in shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI) by 0.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 166,011 shares of the company’s stock after selling 240 shares during the quarter. Geode Capital Management LLC owned approximately 0.08% of Joint Stock Company Kaspi.kz worth $17,596,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Driehaus Capital Management LLC raised its stake in Joint Stock Company Kaspi.kz by 6.8% in the second quarter. Driehaus Capital Management LLC now owns 22,011 shares of the company’s stock valued at $2,840,000 after buying an additional 1,400 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Joint Stock Company Kaspi.kz in the 3rd quarter valued at about $7,942,000. Renaissance Capital LLC raised its position in shares of Joint Stock Company Kaspi.kz by 839.0% during the 3rd quarter. Renaissance Capital LLC now owns 96,058 shares of the company’s stock worth $10,181,000 after acquiring an additional 85,828 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its position in shares of Joint Stock Company Kaspi.kz by 39.0% during the 3rd quarter. Baillie Gifford & Co. now owns 4,649,484 shares of the company’s stock worth $492,799,000 after buying an additional 1,305,625 shares during the last quarter. 32.20% of the stock is currently owned by hedge funds and other institutional investors.

Joint Stock Company Kaspi.kz Trading Down 1.6 %

Joint Stock Company Kaspi.kz stock opened at $96.71 on Monday. Joint Stock Company Kaspi.kz has a one year low of $85.02 and a one year high of $143.72. The business has a fifty day moving average of $107.32 and a two-hundred day moving average of $117.14. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.96 and a quick ratio of 0.96.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last released its quarterly earnings data on Tuesday, October 29th. The company reported $2.53 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.31). The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Research analysts forecast that Joint Stock Company Kaspi.kz will post 10.98 EPS for the current fiscal year.

Joint Stock Company Kaspi.kz Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 20th were paid a dividend of $1.7565 per share. The ex-dividend date was Wednesday, November 20th.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Citigroup initiated coverage on shares of Joint Stock Company Kaspi.kz in a research note on Monday, November 4th. They set a “buy” rating and a $140.00 price target on the stock. JPMorgan Chase & Co. lowered their target price on shares of Joint Stock Company Kaspi.kz from $154.00 to $137.00 and set an “overweight” rating on the stock in a research report on Monday, December 2nd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $147.20.

Joint Stock Company Kaspi.kz Profile

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.