Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Announces Quarterly Earnings Results

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) released its quarterly earnings data on Tuesday. The company reported $2.53 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.31), reports. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.34 billion.

Joint Stock Company Kaspi.kz Stock Down 0.9 %

Shares of NASDAQ:KSPI traded down $0.96 during midday trading on Friday, reaching $109.18. 157,567 shares of the company were exchanged, compared to its average volume of 320,716. Joint Stock Company Kaspi.kz has a fifty-two week low of $85.02 and a fifty-two week high of $143.72. The stock has a fifty day simple moving average of $113.80 and a two-hundred day simple moving average of $121.04. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.04.

Joint Stock Company Kaspi.kz Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, November 20th were issued a dividend of $1.7565 per share. The ex-dividend date was Wednesday, November 20th.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in KSPI. ANTIPODES PARTNERS Ltd bought a new position in Joint Stock Company Kaspi.kz in the first quarter valued at $128,000. Renaissance Capital LLC grew its position 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 valued at $1,320,000 after acquiring an additional 2,738 shares during the period. Driehaus Capital Management LLC grew its position 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. Russell Investments Group Ltd. bought a new position in shares of Joint Stock Company Kaspi.kz in the 1st quarter valued at about $19,063,000. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Joint Stock Company Kaspi.kz in the 1st quarter valued at about $64,051,000. Institutional investors own 0.09% of the company’s stock.

About Joint Stock Company Kaspi.kz

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.