Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Stock Price Up 3.5%

Shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI) were up 3.5% during trading on Wednesday . The stock traded as high as $116.70 and last traded at $116.16. Approximately 86,892 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 368,229 shares. The stock had previously closed at $112.20.

Wall Street Analysts Forecast Growth

Several analysts recently commented on KSPI shares. Susquehanna started coverage on Joint Stock Company Kaspi.kz in a report on Tuesday, February 27th. They issued a “positive” rating and a $154.00 target price on the stock. JPMorgan Chase & Co. started coverage on Joint Stock Company Kaspi.kz in a research report on Monday, March 11th. They set an “overweight” rating and a $159.00 target price on the stock. Finally, Wolfe Research began coverage on Joint Stock Company Kaspi.kz in a research report on Tuesday, February 13th. They set an “outperform” rating and a $130.00 target price on the stock.

Joint Stock Company Kaspi.kz Price Performance

The stock’s 50 day simple moving average is $110.86.

Joint Stock Company Kaspi.kz Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, April 19th. Stockholders of record on Monday, April 15th will be paid a dividend of $1.9022 per share. The ex-dividend date of this dividend is Friday, April 12th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Joint Stock Company Kaspi.kz stock. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Joint Stock Company Kaspi.kz (NASDAQ:KSPI) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 497,912 shares of the company’s stock, valued at approximately $64,051,000. Sumitomo Mitsui Trust Holdings Inc. owned 0.26% of Joint Stock Company Kaspi.kz as of its most recent SEC filing. 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.