QIWI (NASDAQ:QIWI) Shares Gap Down to $8.33

QIWI plc (NASDAQ:QIWI) shares gapped down before the market opened on Thursday . The stock had previously closed at $8.33, but opened at $8.11. QIWI shares last traded at $8.19, with a volume of 221 shares traded.

A number of brokerages have recently weighed in on QIWI. Zacks Investment Research cut shares of QIWI from a “buy” rating to a “hold” rating in a research note on Wednesday, December 1st. William Blair reissued a “market perform” rating on shares of QIWI in a research note on Tuesday, November 23rd.

The stock has a market capitalization of $499.20 million, a PE ratio of 2.31 and a beta of 0.69. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.12. The company’s 50 day simple moving average is $8.19 and its 200 day simple moving average is $9.02.

QIWI (NASDAQ:QIWI) last released its earnings results on Tuesday, November 23rd. The credit services provider reported $43.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $42.85. The firm had revenue of $88.20 million during the quarter, compared to analysts’ expectations of $84.00 million. QIWI had a net margin of 37.08% and a return on equity of 28.48%. During the same period in the previous year, the company earned $0.66 EPS. As a group, analysts predict that QIWI plc will post 1.6 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 14th. Shareholders of record on Monday, December 6th were paid a $0.30 dividend. The ex-dividend date was Friday, December 3rd. This represents a $1.20 annualized dividend and a yield of 15.08%. QIWI’s payout ratio is currently 33.62%.

A number of hedge funds have recently added to or reduced their stakes in QIWI. Jump Financial LLC acquired a new position in shares of QIWI in the 2nd quarter valued at $150,000. Legal & General Group Plc boosted its holdings in shares of QIWI by 843.7% in the 2nd quarter. Legal & General Group Plc now owns 14,467 shares of the credit services provider’s stock valued at $154,000 after purchasing an additional 12,934 shares during the last quarter. Hennessy Advisors Inc. boosted its holdings in shares of QIWI by 21.0% in the 3rd quarter. Hennessy Advisors Inc. now owns 14,850 shares of the credit services provider’s stock valued at $124,000 after purchasing an additional 2,575 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of QIWI in the 1st quarter valued at $283,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in shares of QIWI by 18.7% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 23,008 shares of the credit services provider’s stock valued at $193,000 after purchasing an additional 3,618 shares during the last quarter. 12.71% of the stock is owned by hedge funds and other institutional investors.

QIWI Company Profile (NASDAQ:QIWI)

Qiwi Plc is a holding company, which engages in the provision of payment and financial services. It operates through the following segments: Payment Services (PS), Consumer Financial Services (CFS), Small and Medium Enterprises (SME), Rocketbank (RB), and Corporate and Other (CO). The PS segment provides virtual distribution services through the QIWI Wallet and other QIWI applications.

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