Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Shares Down 2.2% – What’s Next?

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI)’s stock price dropped 2.2% on Thursday. The stock traded as low as $90.59 and last traded at $92.02. 710,418 shares changed hands during mid-day trading, an increase of 22% from the average session volume of 581,351 shares. The stock had previously closed at $94.06.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Susquehanna raised their price target on shares of Joint Stock Company Kaspi.kz from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, August 12th. Wolfe Research increased their price objective on shares of Joint Stock Company Kaspi.kz from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Zacks Research lowered shares of Joint Stock Company Kaspi.kz from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings upgraded shares of Joint Stock Company Kaspi.kz from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 8th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Joint Stock Company Kaspi.kz has a consensus rating of “Hold” and an average price target of $107.33.

Joint Stock Company Kaspi.kz Stock Performance

The stock’s fifty day simple moving average is $98.15 and its two-hundred day simple moving average is $88.88. The stock has a market capitalization of $17.87 billion, a P/E ratio of 8.56 and a beta of 1.06.

Joint Stock Company Kaspi.kz Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, September 10th were issued a $2.1490 dividend. The ex-dividend date was Thursday, September 10th. This is a positive change from Joint Stock Company Kaspi.kz’s previous dividend of $1.7977. Joint Stock Company Kaspi.kz’s dividend payout ratio (DPR) is currently 78.05%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Capricorn Fund Managers Ltd lifted its stake in shares of Joint Stock Company Kaspi.kz by 599.4% in the first quarter. Capricorn Fund Managers Ltd now owns 118,900 shares of the company’s stock worth $8,807,000 after acquiring an additional 101,900 shares during the period. Public Employees Retirement System of Ohio bought a new position in Joint Stock Company Kaspi.kz during the 2nd quarter worth approximately $7,375,000. Euro Pacific Asset Management LLC bought a new position in Joint Stock Company Kaspi.kz during the 1st quarter worth approximately $2,365,000. Ramsey Quantitative Systems acquired a new position in shares of Joint Stock Company Kaspi.kz in the 2nd quarter worth approximately $159,000. Finally, FNY Investment Advisers LLC lifted its position in shares of Joint Stock Company Kaspi.kz by 52.3% in the 2nd quarter. FNY Investment Advisers LLC now owns 789 shares of the company’s stock worth $68,000 after purchasing an additional 271 shares during the period. 32.20% of the stock is owned by institutional investors.

About Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz is a Kazakhstan-based technology and financial services company that operates a consumer-focused digital ecosystem. Through its Kaspi.kz super app, the company brings together payments, shopping and financial services in a single platform serving consumers and merchants.

Its payment products include peer-to-peer transfers, bill payments, mobile and online payments, QR payments and digital banking services. The company also offers products such as payment cards, deposits and consumer lending, while its marketplace connects customers with merchants offering a broad range of goods and services.