Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) posted its quarterly earnings data on Monday. The company reported $2.85 EPS for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.02), FiscalAI reports. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.31 billion. Joint Stock Company Kaspi.kz had a return on equity of 43.80% and a net margin of 24.89%.

Joint Stock Company Kaspi.kz Price Performance

KSPI opened at $90.30 on Monday. The firm has a market cap of $17.16 billion, a PE ratio of 8.33 and a beta of 0.97. The business has a fifty day simple moving average of $86.69 and a 200-day simple moving average of $81.78. Joint Stock Company Kaspi.kz has a fifty-two week low of $68.59 and a fifty-two week high of $99.20.

Joint Stock Company Kaspi.kz Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, June 12th were paid a dividend of $1.7978 per share. The ex-dividend date of this dividend was Friday, June 12th. This is a boost from Joint Stock Company Kaspi.kz’s previous dividend of $1.76. Joint Stock Company Kaspi.kz’s dividend payout ratio is 64.30%.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

Several hedge funds have recently modified their holdings of KSPI. Ameriprise Financial Inc. boosted its position in shares of Joint Stock Company Kaspi.kz by 1,518.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 869,201 shares of the company’s stock valued at $70,996,000 after purchasing an additional 815,509 shares during the period. Russell Investments Group Ltd. raised its holdings in Joint Stock Company Kaspi.kz by 21.4% during the 4th quarter. Russell Investments Group Ltd. now owns 186,320 shares of the company’s stock worth $14,557,000 after buying an additional 32,820 shares during the period. Public Employees Retirement System of Ohio raised its holdings in Joint Stock Company Kaspi.kz by 16.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 167,125 shares of the company’s stock worth $13,057,000 after buying an additional 23,500 shares during the period. North of South Capital LLP purchased a new stake in Joint Stock Company Kaspi.kz during the fourth quarter valued at about $1,425,000. Finally, Advisory Services Network LLC lifted its stake in Joint Stock Company Kaspi.kz by 15.3% during the fourth quarter. Advisory Services Network LLC now owns 3,787 shares of the company’s stock valued at $296,000 after buying an additional 502 shares in the last quarter. 32.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on KSPI shares. Zacks Research lowered Joint Stock Company Kaspi.kz from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Joint Stock Company Kaspi.kz in a report on Friday. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Joint Stock Company Kaspi.kz presently has a consensus rating of “Hold” and an average price target of $96.67.

About Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz is a leading financial technology and e-commerce group headquartered in Almaty, Kazakhstan. The company has built one of the country’s largest digital ecosystems, offering a suite of integrated services that span consumer banking, payments, online marketplaces and merchant acquiring. Through its mobile and web platforms, Kaspi.kz aims to simplify everyday financial and shopping activities for individuals and businesses across Kazakhstan.

The company’s core offerings include digital banking solutions such as deposit accounts, digital wallets and money transfers, alongside consumer lending products that enable point-of-sale financing and “buy now, pay later” purchases.