Jane Street Group LLC bought a new stake in shares of QIWI PLC (NASDAQ:QIWI) during the first quarter, Holdings Channel reports. The institutional investor bought 12,867 shares of the credit services provider’s stock, valued at approximately $221,000.
Several other large investors also recently made changes to their positions in QIWI. Renaissance Technologies LLC increased its stake in shares of QIWI PLC by 4.6% in the fourth quarter. Renaissance Technologies LLC now owns 730,500 shares of the credit services provider’s stock valued at $9,328,000 after buying an additional 32,300 shares in the last quarter. A.R.T. Advisors LLC bought a new stake in shares of QIWI PLC during the fourth quarter valued at approximately $287,000. Guggenheim Capital LLC bought a new stake in shares of QIWI PLC during the fourth quarter valued at approximately $3,710,000. Fox Run Management L.L.C. bought a new stake in shares of QIWI PLC during the first quarter valued at approximately $326,000. Finally, Eqis Capital Management Inc. increased its stake in shares of QIWI PLC by 67.9% in the first quarter. Eqis Capital Management Inc. now owns 17,973 shares of the credit services provider’s stock valued at $308,000 after buying an additional 7,270 shares in the last quarter. 14.80% of the stock is owned by institutional investors and hedge funds.
Shares of QIWI PLC (NASDAQ:QIWI) opened at 23.96 on Monday. QIWI PLC has a 52 week low of $11.26 and a 52 week high of $26.55.
QIWI PLC (NASDAQ:QIWI) last posted its earnings results on Wednesday, May 17th. The credit services provider reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.13. The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.72 billion. QIWI PLC had a return on equity of 23.38% and a net margin of 14.27%. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the previous year, the company posted $20.41 earnings per share. Equities analysts forecast that QIWI PLC will post $1.19 EPS for the current fiscal year.
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QIWI has been the subject of several analyst reports. Zacks Investment Research raised QIWI PLC from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Tuesday, March 28th. Credit Suisse Group began coverage on QIWI PLC in a research note on Friday, April 7th. They issued a “neutral” rating and a $18.00 price objective for the company. J P Morgan Chase & Co raised QIWI PLC from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $15.00 to $23.00 in a research note on Monday, April 10th. TheStreet raised QIWI PLC from a “d+” rating to a “c-” rating in a research note on Wednesday, April 12th. Finally, ValuEngine downgraded QIWI PLC from a “buy” rating to a “hold” rating in a research note on Thursday, May 18th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $23.25.
QIWI PLC Company Profile
QIWI plc is a provider of payment services in Russia and the Commonwealth of Independent States (CIS). The Company’s network enables payment services across physical, online and mobile channels. The Company operates in target markets and customer segments. As of December 31, 2016, the Company had deployed over 17.2 million virtual wallets, over 162,000 kiosks and terminals, and enabled merchants to accept over Russian rubles 70 billion cash and electronic payments monthly.
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