Public Employees Retirement System of Ohio Acquires New Position in Joint Stock Company Kaspi.kz (NASDAQ:KSPI)

Public Employees Retirement System of Ohio purchased a new stake in shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 74,936 shares of the company's stock, valued at approximately $7,942,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Driehaus Capital Management LLC raised its stake in shares of Joint Stock Company Kaspi.kz by 6.8% in the 2nd 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 during the period. Renaissance Capital LLC increased its holdings in Joint Stock Company Kaspi.kz by 839.0% in the 3rd quarter. Renaissance Capital LLC now owns 96,058 shares of the company's stock valued at $10,181,000 after purchasing an additional 85,828 shares in the last quarter. Finally, Baillie Gifford & Co. raised its position 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 purchasing an additional 2,196,646 shares during the period. 32.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KSPI. Citigroup started coverage on Joint Stock Company Kaspi.kz in a research report on Monday, November 4th. They issued a "buy" rating and a $140.00 target price for the company. JPMorgan Chase & Co. decreased their price target on Joint Stock Company Kaspi.kz from $154.00 to $137.00 and set an "overweight" rating for the company in a report on Monday, December 2nd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $147.20.

Joint Stock Company Kaspi.kz Stock Down 1.0 %

NASDAQ:KSPI traded down $1.08 on Friday, reaching $106.00. The stock had a trading volume of 181,566 shares, compared to its average volume of 305,295. The company has a 50-day moving average of $108.96 and a 200 day moving average of $119.18. 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 has a 12-month low of $85.02 and a 12-month high of $143.72.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report) last issued its quarterly 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 company had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.34 billion. Equities research analysts expect that Joint Stock Company Kaspi.kz will post 10.98 EPS for the current fiscal year.

Joint Stock Company Kaspi.kz Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 20th were given a dividend of $1.7565 per share. The ex-dividend date was Wednesday, November 20th.

Joint Stock Company Kaspi.kz 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.