Baillie Gifford & Co. Increases Position in Joint Stock Company Kaspi.kz (NASDAQ:KSPI)

Baillie Gifford & Co. increased its stake in Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Free Report) by 39.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,649,484 shares of the company's stock after purchasing an additional 1,305,625 shares during the period. Baillie Gifford & Co. owned approximately 2.33% of Joint Stock Company Kaspi.kz worth $492,799,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Driehaus Capital Management LLC raised its holdings in shares of Joint Stock Company Kaspi.kz by 6.8% during the second quarter. Driehaus Capital Management LLC now owns 22,011 shares of the company's stock valued at $2,840,000 after acquiring an additional 1,400 shares in the last quarter. Renaissance Capital LLC boosted its position in Joint Stock Company Kaspi.kz by 36.5% in the second quarter. Renaissance Capital LLC now owns 10,230 shares of the company's stock worth $1,320,000 after purchasing an additional 2,738 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in Joint Stock Company Kaspi.kz in the first quarter worth about $19,063,000. 0.09% of the stock is currently owned by institutional investors.

Joint Stock Company Kaspi.kz Trading Up 0.8 %

Shares of NASDAQ KSPI traded up $0.89 during trading on Tuesday, reaching $112.98. 70,351 shares of the company traded hands, compared to its average volume of 316,367. The firm's fifty day simple moving average is $111.93 and its 200 day simple moving average is $120.98. Joint Stock Company Kaspi.kz has a 12-month low of $85.02 and a 12-month high of $143.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.96 and a current ratio of 0.96.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $2.53 EPS for the quarter, missing analysts' consensus estimates of $2.84 by ($0.31). The firm had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.34 billion. As a group, equities analysts expect that Joint Stock Company Kaspi.kz will post 10.98 earnings per share for the current year.

Joint Stock Company Kaspi.kz Cuts Dividend

The company also recently announced a dividend, which was paid on Sunday, November 10th. Shareholders of record on Wednesday, November 20th were given a $1.7565 dividend. The ex-dividend date was Wednesday, November 20th.

Analysts Set New Price Targets

A number of analysts have issued reports on KSPI shares. Citigroup started coverage on Joint Stock Company Kaspi.kz in a research note on Monday, November 4th. They issued a "buy" rating and a $140.00 price objective on the stock. JPMorgan Chase & Co. upped their target price on Joint Stock Company Kaspi.kz from $159.00 to $183.00 and gave the stock an "overweight" rating in a report on Tuesday, August 20th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $156.40.

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.