Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its position in Joint Stock Company Kaspi.kz (NASDAQ:KSPI) by 0.1% in the 3rd quarter, Holdings Channel reports. The fund owned 166,011 shares of the company’s stock after selling 240 shares during the period. Geode Capital Management LLC’s holdings in Joint Stock Company Kaspi.kz were worth $17,596,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new position in shares of Joint Stock Company Kaspi.kz during the 3rd quarter valued at about $7,942,000. Baillie Gifford & Co. boosted its holdings in shares of Joint Stock Company Kaspi.kz by 39.0% in the 3rd quarter. Baillie Gifford & Co. now owns 4,649,484 shares of the company’s stock valued at $492,799,000 after purchasing an additional 1,305,625 shares during the last quarter. Renaissance Capital LLC increased its holdings in shares of Joint Stock Company Kaspi.kz by 839.0% during the 3rd quarter. Renaissance Capital LLC now owns 96,058 shares of the company’s stock worth $10,181,000 after buying an additional 85,828 shares during the last quarter. Finally, Driehaus Capital Management LLC raised its position in shares of Joint Stock Company Kaspi.kz by 6.8% in the 2nd quarter. Driehaus Capital Management LLC now owns 22,011 shares of the company’s stock worth $2,840,000 after buying an additional 1,400 shares during the period. 32.20% of the stock is currently owned by institutional investors and hedge funds.

Joint Stock Company Kaspi.kz Stock Down 1.6 %

NASDAQ:KSPI opened at $96.71 on Monday. Joint Stock Company Kaspi.kz has a 1-year low of $85.02 and a 1-year high of $143.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a 50-day moving average of $107.32 and a two-hundred day moving average of $117.14.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $2.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.31). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.34 billion. As a group, equities analysts anticipate that Joint Stock Company Kaspi.kz will post 10.98 earnings per share for the current fiscal year.

Joint Stock Company Kaspi.kz Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 20th were given a $1.7565 dividend. The ex-dividend date of this dividend was Wednesday, November 20th.

Wall Street Analysts Forecast Growth

KSPI has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their target price on Joint Stock Company Kaspi.kz from $154.00 to $137.00 and set an “overweight” rating for the company in a report on Monday, December 2nd. Citigroup began coverage on shares of Joint Stock Company Kaspi.kz in a research note on Monday, November 4th. They set a “buy” rating and a $140.00 price objective for the company. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $147.20.

Joint Stock Company Kaspi.kz Company Profile

Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in the Republic of Kazakhstan. It operates through three segments: Payments Platform, Marketplace Platform, and Fintech Platform. The Payments Platform segment facilities transactions between customers and merchants.