Qiwi (NASDAQ:QIWI) Upgraded to Hold by ValuEngine

Qiwi (NASDAQ:QIWI) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Tuesday, ValuEngine reports.

A number of other analysts have also weighed in on the company. JPMorgan Chase & Co. lowered Qiwi from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $25.00 to $19.00 in a report on Wednesday, February 13th. TheStreet upgraded Qiwi from a “c+” rating to a “b-” rating in a report on Thursday, March 21st. Zacks Investment Research upgraded Qiwi from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 17th. Finally, BidaskClub lowered Qiwi from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 14th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Qiwi has a consensus rating of “Buy” and an average price target of $20.33.

Shares of NASDAQ QIWI opened at $18.86 on Tuesday. The company has a market capitalization of $1.17 billion, a P/E ratio of 19.65 and a beta of 1.06. Qiwi has a 52-week low of $11.61 and a 52-week high of $19.29.

Qiwi (NASDAQ:QIWI) last announced its quarterly earnings results on Thursday, May 16th. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.14. The firm had revenue of $82.90 million during the quarter. Qiwi had a return on equity of 16.86% and a net margin of 12.20%. As a group, research analysts expect that Qiwi will post 1.46 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of QIWI. JPMorgan Chase & Co. lifted its holdings in Qiwi by 855.7% during the first quarter. JPMorgan Chase & Co. now owns 1,364,894 shares of the credit services provider’s stock worth $19,641,000 after buying an additional 1,222,072 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Qiwi by 446.8% during the 4th quarter. Acadian Asset Management LLC now owns 350,234 shares of the credit services provider’s stock valued at $4,951,000 after purchasing an additional 286,179 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Qiwi by 48.3% during the 1st quarter. Renaissance Technologies LLC now owns 784,380 shares of the credit services provider’s stock valued at $11,287,000 after purchasing an additional 255,400 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Qiwi by 376.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 249,959 shares of the credit services provider’s stock valued at $3,597,000 after purchasing an additional 197,510 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Qiwi by 202.9% during the 4th quarter. Millennium Management LLC now owns 273,559 shares of the credit services provider’s stock valued at $3,868,000 after purchasing an additional 183,251 shares during the last quarter. Institutional investors own 24.51% of the company’s stock.

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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