Marshall Wace LLP Sells 159,287 Shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI)

Marshall Wace LLP trimmed its position in Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Free Report) by 89.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,200 shares of the company's stock after selling 159,287 shares during the period. Marshall Wace LLP's holdings in Joint Stock Company Kaspi.kz were worth $2,348,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ANTIPODES PARTNERS Ltd purchased a new position in shares of Joint Stock Company Kaspi.kz in the 1st quarter worth approximately $128,000. Renaissance Capital LLC boosted its stake in shares of Joint Stock Company Kaspi.kz by 36.5% in the 2nd quarter. Renaissance Capital LLC now owns 10,230 shares of the company's stock worth $1,320,000 after buying an additional 2,738 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Joint Stock Company Kaspi.kz in the 1st quarter worth approximately $19,063,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Joint Stock Company Kaspi.kz in the 1st quarter worth approximately $64,051,000. Finally, Nikko Asset Management Americas Inc. purchased a new position in shares of Joint Stock Company Kaspi.kz in the 1st quarter worth approximately $64,051,000. 0.09% of the stock is owned by institutional investors.

Joint Stock Company Kaspi.kz Price Performance

Joint Stock Company Kaspi.kz stock traded down $0.51 during trading on Friday, hitting $105.57. The stock had a trading volume of 142,784 shares, compared to its average volume of 331,847. 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 0.05, a current ratio of 0.96 and a quick ratio of 0.96. The stock's 50 day moving average is $120.20 and its two-hundred day moving average is $123.08.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.82 by ($0.61). The company had revenue of $966.37 million during the quarter, compared to analyst estimates of $1.26 billion. 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 firm also recently announced a dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 22nd were issued a dividend of $1.7916 per share. The ex-dividend date of this dividend was Thursday, August 22nd.

Analyst Upgrades and Downgrades

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

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.