Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Qiwi PLC (NASDAQ:QIWI) by 14.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 885,490 shares of the credit services provider’s stock after acquiring an additional 114,241 shares during the period. Skandinaviska Enskilda Banken AB publ owned 1.97% of Qiwi worth $11,662,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. purchased a new position in Qiwi during the 3rd quarter valued at about $116,000. Engineers Gate Manager LP purchased a new position in Qiwi during the 2nd quarter valued at about $158,000. Handelsbanken Fonder AB purchased a new position in Qiwi during the 2nd quarter valued at about $268,000. Capital Fund Management S.A. purchased a new position in Qiwi during the 2nd quarter valued at about $359,000. Finally, First Trust Advisors LP lifted its position in Qiwi by 94.8% during the 2nd quarter. First Trust Advisors LP now owns 28,261 shares of the credit services provider’s stock valued at $445,000 after acquiring an additional 13,756 shares during the period. 28.39% of the stock is owned by institutional investors.
A number of research analysts recently issued reports on the stock. BidaskClub cut shares of Qiwi from a “hold” rating to a “sell” rating in a research report on Saturday. ValuEngine cut shares of Qiwi from a “sell” rating to a “strong sell” rating in a research report on Friday, November 2nd. Zacks Investment Research upgraded shares of Qiwi from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. TheStreet upgraded shares of Qiwi from a “c+” rating to a “b-” rating in a research note on Monday, August 6th. Finally, UBS Group reduced their price objective on shares of Qiwi from $24.50 to $22.00 and set a “buy” rating for the company in a research note on Friday, August 24th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.67.
NASDAQ:QIWI opened at $12.75 on Friday. The stock has a market cap of $587.77 million, a price-to-earnings ratio of 12.26 and a beta of 2.31. Qiwi PLC has a fifty-two week low of $11.61 and a fifty-two week high of $20.05.
Qiwi (NASDAQ:QIWI) last released its quarterly earnings data on Thursday, August 16th. The credit services provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03). The firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.09 billion. Qiwi had a net margin of 12.66% and a return on equity of 15.13%. The firm’s revenue for the quarter was up 53.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $17.70 earnings per share. On average, equities research analysts predict that Qiwi PLC will post 0.8 earnings per share for the current year.
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Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russian Federation, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally. The company offers payment services across online, mobile, and physical channels through a network of approximately 109,000 kiosks and 43,000 terminals that run its proprietary software.
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