Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Shares Up 2.6%

Joint Stock Company Kaspi.kz (NASDAQ:KSPI)’s stock price traded up 2.6% during trading on Thursday . The stock traded as high as $119.73 and last traded at $119.17. 11,813 shares changed hands during trading, a decline of 96% from the average session volume of 323,058 shares. The stock had previously closed at $116.19.

Analysts Set New Price Targets

Several equities analysts recently commented on KSPI shares. New Street Research began coverage on Joint Stock Company Kaspi.kz in a research report on Tuesday, May 7th. They set a “buy” rating and a $175.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on shares of Joint Stock Company Kaspi.kz in a research note on Monday, March 11th. They issued an “overweight” rating and a $159.00 target price for the company. Wolfe Research started coverage on shares of Joint Stock Company Kaspi.kz in a research note on Tuesday, February 13th. They set an “outperform” rating and a $130.00 price target on the stock. Finally, Susquehanna initiated coverage on shares of Joint Stock Company Kaspi.kz in a report on Tuesday, February 27th. They issued a “positive” rating and a $154.00 price objective on the stock.

Joint Stock Company Kaspi.kz Price Performance

The company’s fifty day moving average is $119.54. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.98 and a quick ratio of 0.98.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $2.53 EPS for the quarter, missing the consensus estimate of $2.57 by ($0.04). The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. On average, sell-side analysts predict that Joint Stock Company Kaspi.kz will post 12.47 earnings per share for the current fiscal year.

Joint Stock Company Kaspi.kz Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Friday, May 24th were given a dividend of $1.9154 per share. The ex-dividend date was Thursday, May 23rd. This is a positive change from Joint Stock Company Kaspi.kz’s previous dividend of $1.90.

Hedge Funds Weigh In On Joint Stock Company Kaspi.kz

Several hedge funds and other institutional investors have recently made changes to their positions in KSPI. Baillie Gifford & Co. bought a new position in Joint Stock Company Kaspi.kz during the 1st quarter valued at $147,577,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Joint Stock Company Kaspi.kz during the first quarter valued at about $64,051,000. Nikko Asset Management Americas Inc. acquired a new position in Joint Stock Company Kaspi.kz during the first quarter worth about $64,051,000. Russell Investments Group Ltd. bought a new stake in Joint Stock Company Kaspi.kz in the first quarter worth about $19,063,000. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in Joint Stock Company Kaspi.kz in the 1st quarter valued at about $128,000. 0.09% of the stock is currently owned by institutional investors and hedge funds.

Joint Stock Company Kaspi.kz Company 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.