Qifu Technology, Inc. (NASDAQ:QFIN) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. reduced its position in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 22.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,389 shares of the company's stock after selling 8,315 shares during the period. Avantax Advisory Services Inc.'s holdings in Qifu Technology were worth $1,090,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of QFIN. Jones Financial Companies Lllp purchased a new stake in shares of Qifu Technology during the 4th quarter worth $29,000. Wilmington Savings Fund Society FSB acquired a new stake in Qifu Technology during the 3rd quarter worth $30,000. Advisors Preferred LLC acquired a new stake in Qifu Technology during the 4th quarter worth $41,000. Point72 DIFC Ltd acquired a new stake in Qifu Technology during the 3rd quarter worth $43,000. Finally, Global Retirement Partners LLC raised its stake in Qifu Technology by 80.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,164 shares of the company's stock worth $45,000 after acquiring an additional 518 shares in the last quarter. 74.81% of the stock is owned by hedge funds and other institutional investors.

Qifu Technology Trading Down 2.5 %

NASDAQ:QFIN traded down $1.13 during midday trading on Friday, hitting $44.89. 2,008,227 shares of the company were exchanged, compared to its average volume of 1,314,334. The company has a fifty day simple moving average of $41.37 and a 200 day simple moving average of $36.04. Qifu Technology, Inc. has a fifty-two week low of $17.76 and a fifty-two week high of $48.81. The company has a market capitalization of $7.08 billion, a PE ratio of 9.09, a price-to-earnings-growth ratio of 0.32 and a beta of 0.59.

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Qifu Technology (NASDAQ:QFIN - Get Free Report) last announced its quarterly earnings results on Sunday, March 16th. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.68 by $0.14. Qifu Technology had a net margin of 31.82% and a return on equity of 24.39%. The firm had revenue of $613.89 million for the quarter, compared to analyst estimates of $581.67 million. As a group, equities research analysts expect that Qifu Technology, Inc. will post 5.71 EPS for the current year.

Qifu Technology Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, April 23rd will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This is a positive change from Qifu Technology's previous semi-annual dividend of $0.60. This represents a yield of 2.5%. Qifu Technology's payout ratio is currently 20.34%.

Qifu Technology Company Profile

Qifu Technology, Inc, through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service.