Sei Investments Co. Acquires 19,327 Shares of Qifu Technology, Inc. (NASDAQ:QFIN)

Sei Investments Co. lifted its stake in Qifu Technology, Inc. (NASDAQ:QFIN) by 115.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,059 shares of the company’s stock after purchasing an additional 19,327 shares during the period. Sei Investments Co.’s holdings in Qifu Technology were worth $711,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. grew its stake in Qifu Technology by 1.1% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 97,036 shares of the company’s stock worth $1,915,000 after acquiring an additional 1,012 shares in the last quarter. Handelsinvest Investeringsforvaltning grew its stake in Qifu Technology by 14.3% in the first quarter. Handelsinvest Investeringsforvaltning now owns 10,828 shares of the company’s stock worth $200,000 after purchasing an additional 1,353 shares in the last quarter. Janiczek Wealth Management LLC raised its position in Qifu Technology by 131.4% during the 1st quarter. Janiczek Wealth Management LLC now owns 2,386 shares of the company’s stock valued at $44,000 after purchasing an additional 1,355 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Qifu Technology by 598.4% in the 2nd quarter. Blue Trust Inc. now owns 1,732 shares of the company’s stock worth $32,000 after buying an additional 1,484 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Qifu Technology in the 2nd quarter worth $31,000. Hedge funds and other institutional investors own 74.81% of the company’s stock.

Qifu Technology Trading Down 4.2 %

Shares of Qifu Technology stock opened at $31.12 on Wednesday. The stock’s fifty day moving average price is $25.28 and its 200-day moving average price is $21.58. The firm has a market cap of $5.02 billion, a P/E ratio of 8.06, a P/E/G ratio of 0.45 and a beta of 0.62. Qifu Technology, Inc. has a 12 month low of $13.68 and a 12 month high of $33.72.

Qifu Technology (NASDAQ:QFIN) last posted 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 for the quarter, compared to the consensus estimate of $582.69 million. Analysts forecast that Qifu Technology, Inc. will post 5.08 earnings per share for the current year.

Qifu Technology Increases Dividend

The business 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. The ex-dividend date is Friday, September 27th. This represents a yield of 4.7%. This is a positive change from Qifu Technology’s previous semi-annual dividend of $0.57. Qifu Technology’s dividend payout ratio is currently 30.57%.

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.