Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Shares Bought by Renaissance Capital LLC

Renaissance Capital LLC raised its stake in Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Free Report) by 839.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 96,058 shares of the company's stock after purchasing an additional 85,828 shares during the period. Joint Stock Company Kaspi.kz accounts for approximately 6.7% of Renaissance Capital LLC's holdings, making the stock its 4th biggest holding. Renaissance Capital LLC owned 0.05% of Joint Stock Company Kaspi.kz worth $10,181,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Joint Stock Company Kaspi.kz during the 1st quarter valued at about $64,051,000. Russell Investments Group Ltd. bought a new stake in shares of Joint Stock Company Kaspi.kz during the 1st quarter valued at about $19,063,000. Driehaus Capital Management LLC grew its position in shares of Joint Stock Company Kaspi.kz by 6.8% during the 2nd 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 last quarter. Baillie Gifford & Co. grew its position in shares of Joint Stock Company Kaspi.kz by 191.5% during the 2nd 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 last quarter. Finally, ANTIPODES PARTNERS Ltd bought a new stake in shares of Joint Stock Company Kaspi.kz during the 1st quarter valued at about $128,000. Institutional investors own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

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 Price Performance

Joint Stock Company Kaspi.kz stock traded up $3.54 during midday trading on Wednesday, reaching $108.39. 217,780 shares of the stock traded hands, compared to its average volume of 327,318. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.05. The firm has a fifty day moving average price of $117.08 and a two-hundred day moving average price of $122.19. Joint Stock Company Kaspi.kz has a fifty-two week low of $85.02 and a fifty-two week high of $143.72.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $2.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.82 by ($0.61). The business had revenue of $966.37 million for the quarter, compared to analysts' expectations of $1.26 billion. As a group, research analysts expect that Joint Stock Company Kaspi.kz will post 11.29 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 Thursday, August 22nd. Shareholders of record on Thursday, August 22nd were paid a dividend of $1.7916 per share. The ex-dividend date of this dividend was Thursday, August 22nd.

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.