California Public Employees Retirement System reduced its stake in Qiwi PLC (NASDAQ:QIWI) by 3.1% during the second quarter, Holdings Channel reports. The firm owned 82,200 shares of the company’s stock after selling 2,600 shares during the period. California Public Employees Retirement System owned 0.14% of Qiwi PLC worth $1,077,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in QIWI. BlackRock Inc. raised its position in shares of Qiwi PLC by 19.8% in the first quarter. BlackRock Inc. now owns 8,916 shares of the company’s stock valued at $129,000 after buying an additional 1,474 shares during the period. JPMorgan Chase & Co. raised its position in shares of Qiwi PLC by 10.8% in the first quarter. JPMorgan Chase & Co. now owns 3,503,357 shares of the company’s stock valued at $50,762,000 after buying an additional 341,368 shares during the period. Geode Capital Management LLC raised its position in shares of Qiwi PLC by 8.7% in the first quarter. Geode Capital Management LLC now owns 17,884 shares of the company’s stock valued at $259,000 after buying an additional 1,424 shares during the period. Renaissance Technologies LLC raised its position in shares of Qiwi PLC by 67.8% in the first quarter. Renaissance Technologies LLC now owns 977,200 shares of the company’s stock valued at $14,160,000 after buying an additional 395,000 shares during the period. Finally, A.R.T. Advisors LLC bought a new position in shares of Qiwi PLC during the first quarter valued at about $604,000. Institutional investors own 58.98% of the company’s stock.
Qiwi PLC (NASDAQ:QIWI) traded down 0.9706% during mid-day trading on Monday, reaching $14.8148. 50,702 shares of the company’s stock traded hands. The firm has a market cap of $895.45 million, a price-to-earnings ratio of 5.6849 and a beta of 3.58. Qiwi PLC has a one year low of $10.42 and a one year high of $20.50. The firm’s 50-day moving average price is $14.99 and its 200 day moving average price is $13.47.
Qiwi PLC (NASDAQ:QIWI) last released its quarterly earnings results on Thursday, August 11th. The company reported $21.02 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $20.74. Qiwi PLC had a net margin of 27.44% and a return on equity of 20.20%. The firm earned $40.80 million during the quarter, compared to analysts’ expectations of $38.80 million. During the same period in the previous year, the company earned $18.40 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts forecast that Qiwi PLC will post $1.19 EPS for the current year.
Separately, Zacks Investment Research lowered shares of Qiwi PLC from a “buy” rating to a “hold” rating in a research report on Thursday, July 21st. Five investment analysts have rated the stock with a hold rating, Qiwi PLC has an average rating of “Hold” and an average target price of $15.63.
Qiwi PLC Company Profile
QIWI plc is a provider of payment services in Russia and the Commonwealth of Independent States (CIS). The Company’s network enables payment services across physical, online and mobile channels. The Company operates in target markets and customer segments. It had deployed over 16.1 million virtual wallets, approximately 172,000 kiosks and terminals, and enabled merchants to accept cash and electronic payments.
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