Penserra Capital Management LLC Raises Holdings in Qiwi PLC (QIWI)

Penserra Capital Management LLC raised its stake in Qiwi PLC (NASDAQ:QIWI) by 8.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 100,562 shares of the credit services provider’s stock after acquiring an additional 7,971 shares during the period. Penserra Capital Management LLC’s holdings in Qiwi were worth $1,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of QIWI. Wells Fargo & Company MN lifted its holdings in shares of Qiwi by 110.5% during the 2nd quarter. Wells Fargo & Company MN now owns 15,378 shares of the credit services provider’s stock worth $380,000 after acquiring an additional 8,073 shares during the period. Ameriprise Financial Inc. bought a new position in shares of Qiwi during the 2nd quarter worth about $260,000. Northern Trust Corp lifted its holdings in shares of Qiwi by 19.4% during the 2nd quarter. Northern Trust Corp now owns 20,283 shares of the credit services provider’s stock worth $501,000 after acquiring an additional 3,296 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in shares of Qiwi by 1.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 329,079 shares of the credit services provider’s stock worth $8,122,000 after acquiring an additional 3,823 shares during the period. Finally, State Street Corp lifted its holdings in shares of Qiwi by 8.7% during the 2nd quarter. State Street Corp now owns 47,658 shares of the credit services provider’s stock worth $1,177,000 after acquiring an additional 3,808 shares during the period. 17.59% of the stock is owned by hedge funds and other institutional investors.

QIWI has been the subject of a number of analyst reports. ValuEngine raised shares of Qiwi from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. BidaskClub raised shares of Qiwi from a “strong sell” rating to a “sell” rating in a report on Thursday, December 21st. Finally, Zacks Investment Research raised shares of Qiwi from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Qiwi has an average rating of “Hold” and a consensus price target of $22.67.

Qiwi PLC (NASDAQ:QIWI) opened at $15.67 on Wednesday. The company has a market cap of $690.14, a PE ratio of 13.48 and a beta of 3.02. Qiwi PLC has a 1-year low of $13.66 and a 1-year high of $26.55.

Qiwi (NASDAQ:QIWI) last released its quarterly earnings data on Thursday, November 16th. The credit services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $55.80 million during the quarter, compared to the consensus estimate of $51.02 million. Qiwi had a net margin of 13.47% and a return on equity of 20.98%. equities analysts predict that Qiwi PLC will post 1.09 EPS for the current year.

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Qiwi 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. As of December 31, 2016, the Company had deployed over 17.2 million virtual wallets, over 162,000 kiosks and terminals, and enabled merchants to accept over Russian rubles 70 billion cash and electronic payments monthly.

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Institutional Ownership by Quarter for Qiwi (NASDAQ:QIWI)

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