Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Announces Quarterly Earnings Results

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

Joint Stock Company Kaspi.kz Stock Performance

Shares of KSPI opened at $90.30 on Monday. Joint Stock Company Kaspi.kz has a 1 year low of $68.59 and a 1 year high of $99.20. The stock has a market capitalization of $17.16 billion, a PE ratio of 8.33 and a beta of 0.97. The stock has a 50-day simple moving average of $86.69 and a 200-day simple moving average of $81.78.

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 $1.7978 dividend. The ex-dividend date 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 (DPR) is 64.30%.

Institutional Trading of Joint Stock Company Kaspi.kz

Several hedge funds have recently added to or reduced their stakes in KSPI. Advisory Services Network LLC lifted its stake in Joint Stock Company Kaspi.kz by 15.3% in the fourth quarter. Advisory Services Network LLC now owns 3,787 shares of the company’s stock worth $296,000 after acquiring an additional 502 shares during the last quarter. North of South Capital LLP acquired a new stake in shares of Joint Stock Company Kaspi.kz in the 4th quarter valued at $1,425,000. Public Employees Retirement System of Ohio raised its holdings in shares of Joint Stock Company Kaspi.kz by 16.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 167,125 shares of the company’s stock valued at $13,057,000 after purchasing an additional 23,500 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of 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 purchasing an additional 32,820 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Joint Stock Company Kaspi.kz by 1,518.9% during the third quarter. Ameriprise Financial Inc. now owns 869,201 shares of the company’s stock worth $70,996,000 after purchasing an additional 815,509 shares in the last quarter. Institutional investors and hedge funds own 32.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Joint Stock Company Kaspi.kz in a research report on Friday. Zacks Research lowered Joint Stock Company Kaspi.kz from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Joint Stock Company Kaspi.kz currently has an average rating of “Hold” and a consensus 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.