Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Shares Acquired by Baillie Gifford & Co.

Baillie Gifford & Co. lifted its holdings in shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI) by 39.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 4,649,484 shares of the company’s stock after acquiring an additional 1,305,625 shares during the period. Baillie Gifford & Co.’s holdings in Joint Stock Company Kaspi.kz were worth $492,799,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Renaissance Capital LLC raised its position in shares of 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 worth $10,181,000 after buying an additional 85,828 shares during the period. Driehaus Capital Management LLC raised 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 worth $2,840,000 after buying an additional 1,400 shares during the period. Finally, Russell Investments Group Ltd. purchased a new position in shares of Joint Stock Company Kaspi.kz in the 1st quarter worth $19,063,000. Institutional investors and hedge funds own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on KSPI shares. 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 on the stock. JPMorgan Chase & Co. increased their target price on Joint Stock Company Kaspi.kz from $159.00 to $183.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $156.40.

Joint Stock Company Kaspi.kz Price Performance

NASDAQ:KSPI opened at $112.09 on Tuesday. The business’s 50-day moving average is $111.93 and its two-hundred day moving average is $120.98. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.96 and a quick 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) last released its quarterly earnings data on Tuesday, October 29th. The company reported $2.53 EPS for the quarter, missing the consensus estimate of $2.84 by ($0.31). The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.34 billion. Equities research analysts anticipate that Joint Stock Company Kaspi.kz will post 10.98 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 Sunday, November 10th. 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.