Qifu Technology, Inc. (NASDAQ:QFIN) Shares Bought by American Century Companies Inc.

American Century Companies Inc. increased its position in Qifu Technology, Inc. (NASDAQ:QFIN) by 12.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 553,797 shares of the company’s stock after buying an additional 62,837 shares during the period. American Century Companies Inc. owned about 0.35% of Qifu Technology worth $21,255,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of QFIN. Jones Financial Companies Lllp acquired a new position in Qifu Technology in the 4th quarter valued at $29,000. Wilmington Savings Fund Society FSB acquired a new position in Qifu Technology in the third quarter valued at $30,000. Advisors Preferred LLC acquired a new stake in Qifu Technology in the 4th quarter worth about $41,000. Point72 DIFC Ltd purchased a new stake in Qifu Technology in the 3rd quarter valued at about $43,000. Finally, Global Retirement Partners LLC grew its holdings in Qifu Technology by 80.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,164 shares of the company’s stock valued at $45,000 after buying an additional 518 shares during the period. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Qifu Technology Trading Down 5.6 %

Shares of Qifu Technology stock opened at $45.43 on Monday. The business’s fifty day moving average price is $42.25 and its 200 day moving average price is $36.86. Qifu Technology, Inc. has a twelve month low of $17.76 and a twelve month high of $48.94. The stock has a market capitalization of $7.16 billion, a P/E ratio of 9.20, a PEG ratio of 0.32 and a beta of 0.59.

Qifu Technology (NASDAQ:QFIN) last issued its earnings results on Sunday, March 16th. The company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.14. Qifu Technology had a return on equity of 24.39% and a net margin of 31.82%. The business had revenue of $613.89 million during the quarter, compared to analysts’ expectations of $581.67 million. As a group, sell-side analysts predict that Qifu Technology, Inc. will post 5.71 EPS for the current year.

Qifu Technology Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, April 23rd will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a dividend yield of 2.5%. This is a positive change from Qifu Technology’s previous semi-annual dividend of $0.60. Qifu Technology’s dividend payout ratio is presently 23.79%.

Analyst Ratings Changes

Separately, Bank of America raised their target price on shares of Qifu Technology from $50.66 to $52.70 and gave the stock a “buy” rating in a research report on Wednesday, March 26th.

Qifu Technology 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.