Perpetual Ltd Has $1.08 Million Stake in Qiwi PLC (QIWI)

Perpetual Ltd grew its position in Qiwi PLC (NASDAQ:QIWI) by 305.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,909 shares of the credit services provider’s stock after buying an additional 61,695 shares during the period. Perpetual Ltd’s holdings in Qiwi were worth $1,079,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in shares of Qiwi in the 3rd quarter valued at approximately $116,000. California Public Employees Retirement System grew its stake in shares of Qiwi by 5.7% in the 2nd quarter. California Public Employees Retirement System now owns 79,854 shares of the credit services provider’s stock valued at $1,258,000 after buying an additional 4,339 shares during the period. Platinum Investment Management Ltd. grew its stake in shares of Qiwi by 11.7% in the 2nd quarter. Platinum Investment Management Ltd. now owns 2,556,346 shares of the credit services provider’s stock valued at $40,262,000 after buying an additional 268,025 shares during the period. Capital Fund Management S.A. purchased a new stake in shares of Qiwi in the 2nd quarter valued at approximately $359,000. Finally, CSat Investment Advisory L.P. purchased a new stake in shares of Qiwi in the 2nd quarter valued at approximately $956,000. 28.43% of the stock is owned by institutional investors and hedge funds.

NASDAQ:QIWI opened at $12.69 on Wednesday. Qiwi PLC has a fifty-two week low of $11.61 and a fifty-two week high of $20.05. The company has a market cap of $576.99 million, a P/E ratio of 12.20 and a beta of 2.80.

Qiwi (NASDAQ:QIWI) last issued its quarterly earnings results on Thursday, August 16th. The credit services provider reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.03). Qiwi had a net margin of 12.66% and a return on equity of 15.13%. The business had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the prior year, the business earned $17.70 EPS. The business’s quarterly revenue was up 53.7% on a year-over-year basis. As a group, analysts expect that Qiwi PLC will post 0.8 earnings per share for the current fiscal year.

Several analysts have recently weighed in on QIWI shares. TheStreet raised shares of Qiwi from a “c+” rating to a “b-” rating in a research note on Monday, August 6th. Zacks Investment Research raised shares of Qiwi from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Wednesday, August 15th. BidaskClub raised shares of Qiwi from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 23rd. ValuEngine raised shares of Qiwi from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 23rd. Finally, UBS Group lowered their price objective on shares of Qiwi from $24.50 to $22.00 and set a “buy” rating for the company in a research report on Friday, August 24th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $17.67.

About Qiwi

Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russian Federation, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally. The company offers payment services across online, mobile, and physical channels through a network of approximately 109,000 kiosks and 43,000 terminals that run its proprietary software.

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Institutional Ownership by Quarter for Qiwi (NASDAQ:QIWI)

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