Qiwi (QIWI) Downgraded by JPMorgan Chase & Co.

Qiwi (NASDAQ:QIWI) was downgraded by JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued on Wednesday, The Fly reports.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Qiwi from a “strong sell” rating to a “hold” rating in a report on Friday, January 25th. BidaskClub raised shares of Qiwi from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. Finally, ValuEngine raised shares of Qiwi from a “sell” rating to a “hold” rating in a report on Monday, February 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Qiwi presently has a consensus rating of “Hold” and a consensus target price of $17.33.

Shares of QIWI opened at $16.32 on Wednesday. Qiwi has a one year low of $11.61 and a one year high of $20.05. The stock has a market capitalization of $715.74 million, a PE ratio of 15.69 and a beta of 1.76.

Qiwi (NASDAQ:QIWI) last announced its quarterly earnings data on Wednesday, November 14th. The credit services provider reported $18.99 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $18.81. Qiwi had a net margin of 11.52% and a return on equity of 14.40%. The company had revenue of $5.23 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter last year, the firm posted $17.38 EPS. The company’s quarterly revenue was up 61.5% on a year-over-year basis. On average, sell-side analysts expect that Qiwi will post 0.79 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of QIWI. Acadian Asset Management LLC raised its stake in Qiwi by 446.8% in the 4th quarter. Acadian Asset Management LLC now owns 350,234 shares of the credit services provider’s stock worth $4,951,000 after purchasing an additional 286,179 shares in the last quarter. Renaissance Technologies LLC raised its stake in Qiwi by 114.8% in the 3rd quarter. Renaissance Technologies LLC now owns 322,780 shares of the credit services provider’s stock worth $4,251,000 after purchasing an additional 172,480 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in Qiwi by 14.8% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 885,490 shares of the credit services provider’s stock worth $11,662,000 after purchasing an additional 114,241 shares in the last quarter. Westpac Banking Corp acquired a new stake in Qiwi in the 4th quarter worth about $1,313,000. Finally, River & Mercantile Asset Management LLP raised its stake in Qiwi by 28.1% in the 3rd quarter. River & Mercantile Asset Management LLP now owns 408,776 shares of the credit services provider’s stock worth $5,386,000 after purchasing an additional 89,548 shares in the last quarter. Institutional investors and hedge funds own 29.34% of the company’s stock.

Qiwi Company Profile

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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