Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Shares Up 4.5% - Here's Why

Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report) was up 4.5% on Thursday . The company traded as high as $107.71 and last traded at $107.70. Approximately 223,813 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 328,983 shares. The stock had previously closed at $103.11.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted their price objective on shares of Joint Stock Company Kaspi.kz from $159.00 to $183.00 and gave the company an "overweight" rating in a research report on Tuesday, August 20th.

Joint Stock Company Kaspi.kz Trading Up 4.8 %

The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.05. The firm's 50 day moving average is $117.73 and its two-hundred day moving average is $122.62.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.82 by ($0.61). The company had revenue of $966.37 million for the quarter, compared to the consensus estimate of $1.26 billion. As a group, sell-side analysts predict that Joint Stock Company Kaspi.kz will post 11.32 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 Thursday, August 22nd. Investors of record on Thursday, August 22nd were issued a $1.7916 dividend. The ex-dividend date was Thursday, August 22nd.

Hedge Funds Weigh In On Joint Stock Company Kaspi.kz

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Driehaus Capital Management LLC lifted its holdings in Joint Stock Company Kaspi.kz by 6.8% in the second quarter. Driehaus Capital Management LLC now owns 22,011 shares of the company's stock valued at $2,840,000 after buying an additional 1,400 shares during the period. Baillie Gifford & Co. lifted its holdings in Joint Stock Company Kaspi.kz by 191.5% in the second quarter. Baillie Gifford & Co. now owns 3,343,859 shares of the company's stock valued at $431,391,000 after buying an additional 2,196,646 shares during the period. Renaissance Capital LLC lifted its holdings 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 valued at $1,320,000 after buying an additional 2,738 shares during the period. Russell Investments Group Ltd. acquired a new position in Joint Stock Company Kaspi.kz in the first quarter valued at $19,063,000. Finally, ANTIPODES PARTNERS Ltd acquired a new position in Joint Stock Company Kaspi.kz in the first quarter valued at $128,000. Institutional investors and hedge funds own 0.09% of the company's stock.

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.