Qiwi Plc (NASDAQ:QIWI) was the target of a large decrease in short interest in the month of July. As of July 14th, there was short interest totalling 564,201 shares, a decrease of 32.3% from the June 30th total of 833,384 shares. Based on an average daily trading volume, of 1,561,094 shares, the short-interest ratio is currently 0.4 days.
Several institutional investors have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC raised its position in Qiwi Plc by 30.5% in the first quarter. Parametric Portfolio Associates LLC now owns 325,256 shares of the credit services provider’s stock valued at $5,578,000 after buying an additional 75,983 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Qiwi Plc during the first quarter worth about $221,000. HighTower Advisors LLC bought a new position in shares of Qiwi Plc during the first quarter worth about $558,000. California Public Employees Retirement System raised its position in shares of Qiwi Plc by 5.2% in the first quarter. California Public Employees Retirement System now owns 76,900 shares of the credit services provider’s stock worth $1,319,000 after buying an additional 3,800 shares in the last quarter. Finally, Stevens Capital Management LP bought a new position in shares of Qiwi Plc during the first quarter worth about $281,000. Institutional investors and hedge funds own 16.76% of the company’s stock.
Qiwi Plc (NASDAQ:QIWI) opened at 17.53 on Friday. The firm’s 50-day moving average is $20.43 and its 200 day moving average is $19.07. Qiwi Plc has a 12 month low of $11.60 and a 12 month high of $26.55.
Qiwi Plc (NASDAQ:QIWI) last released its earnings results on Wednesday, May 17th. The credit services provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.13. Qiwi Plc had a net margin of 14.88% and a return on equity of 22.31%. The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same quarter in the previous year, the firm earned $20.41 earnings per share. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. On average, equities analysts anticipate that Qiwi Plc will post $1.19 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Tuesday, August 29th will be paid a dividend of $0.21 per share. This is a positive change from Qiwi Plc’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, August 25th. This represents a $0.84 annualized dividend and a yield of 4.79%. Qiwi Plc’s payout ratio is presently 101.33%.
QIWI has been the subject of several analyst reports. ValuEngine cut shares of Qiwi Plc from a “buy” rating to a “hold” rating in a research note on Thursday, May 18th. Zacks Investment Research raised shares of Qiwi Plc from a “hold” rating to a “strong-buy” rating and set a $25.00 price target for the company in a research note on Wednesday, May 24th. BidaskClub raised shares of Qiwi Plc from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 15th. VTB Capital lowered shares of Qiwi Plc from a “buy” rating to a “hold” rating and set a $27.00 price objective on the stock. in a report on Monday, June 19th. Finally, Citigroup Inc. lowered shares of Qiwi Plc from a “buy” rating to a “neutral” rating in a report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Qiwi Plc presently has a consensus rating of “Hold” and a consensus target price of $23.25.
About Qiwi Plc
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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