Qiwi (NASDAQ:QIWI) Upgraded at BidaskClub

BidaskClub upgraded shares of Qiwi (NASDAQ:QIWI) from a hold rating to a buy rating in a research note released on Tuesday morning, BidAskClub reports.

Several other analysts have also weighed in on the company. Zacks Investment Research raised Investors Real Estate Trust Reit from a sell rating to a hold rating in a report on Thursday, May 23rd. ValuEngine lowered Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. JPMorgan Chase & Co. reissued a buy rating on shares of Cisco Systems in a report on Thursday, May 16th. Finally, TheStreet raised Viewray from a d+ rating to a c- rating in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company. Qiwi currently has an average rating of Buy and an average price target of $20.33.

Shares of QIWI stock opened at $20.21 on Tuesday. The business’s fifty day moving average price is $18.75. The firm has a market capitalization of $1.24 billion, a PE ratio of 18.87 and a beta of 1.16. Qiwi has a 1 year low of $11.61 and a 1 year high of $20.90.

Qiwi (NASDAQ:QIWI) last issued its quarterly earnings data on Thursday, May 16th. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.14. The firm had revenue of $82.90 million during the quarter. Qiwi had a return on equity of 16.86% and a net margin of 12.20%. As a group, research analysts forecast that Qiwi will post 1.46 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of QIWI. DAVENPORT & Co LLC grew its holdings in Qiwi by 53.9% in the 2nd quarter. DAVENPORT & Co LLC now owns 248,829 shares of the credit services provider’s stock worth $4,870,000 after buying an additional 87,112 shares in the last quarter. Marshall Wace LLP bought a new position in Qiwi in the 1st quarter worth approximately $283,000. CSat Investment Advisory L.P. bought a new position in Qiwi in the 1st quarter worth approximately $974,000. Handelsbanken Fonder AB grew its holdings in Qiwi by 25.0% in the 1st quarter. Handelsbanken Fonder AB now owns 50,000 shares of the credit services provider’s stock worth $720,000 after buying an additional 10,000 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in Qiwi by 44.2% in the 1st quarter. Acadian Asset Management LLC now owns 505,025 shares of the credit services provider’s stock worth $7,268,000 after buying an additional 154,791 shares in the last quarter. 24.41% of the stock is owned by institutional investors.

About Qiwi

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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