California Public Employees Retirement System raised its position in shares of QIWI PLC (NASDAQ:QIWI) by 5.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,900 shares of the credit services provider’s stock after buying an additional 3,800 shares during the period. California Public Employees Retirement System owned about 0.13% of QIWI PLC worth $1,319,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in QIWI. River & Mercantile Asset Management LLP increased its position in shares of QIWI PLC by 3.2% in the first quarter. River & Mercantile Asset Management LLP now owns 143,500 shares of the credit services provider’s stock worth $2,462,000 after buying an additional 4,400 shares in the last quarter. Quantbot Technologies LP increased its position in shares of QIWI PLC by 141.4% in the first quarter. Quantbot Technologies LP now owns 11,982 shares of the credit services provider’s stock worth $205,000 after buying an additional 7,018 shares in the last quarter. Eqis Capital Management Inc. increased its position in shares of QIWI PLC by 67.9% in the first quarter. Eqis Capital Management Inc. now owns 17,973 shares of the credit services provider’s stock worth $308,000 after buying an additional 7,270 shares in the last quarter. Advisors Preferred LLC purchased a new position in shares of QIWI PLC during the first quarter worth about $143,000. Finally, Stevens Capital Management LP purchased a new position in shares of QIWI PLC during the first quarter worth about $281,000. Hedge funds and other institutional investors own 15.88% of the company’s stock.

Shares of QIWI PLC (NASDAQ:QIWI) opened at 20.07 on Tuesday. The firm has a market capitalization of $1.22 billion, a P/E ratio of 14.70 and a beta of 3.34. QIWI PLC has a 12 month low of $11.26 and a 12 month high of $26.55.

QIWI PLC (NASDAQ:QIWI) last issued its quarterly earnings data on Wednesday, May 17th. The credit services provider reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.13. QIWI PLC had a net margin of 14.27% and a return on equity of 23.38%. The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter last year, the company earned $20.41 earnings per share. QIWI PLC’s revenue for the quarter was up 15.8% on a year-over-year basis. Analysts expect that QIWI PLC will post $1.18 EPS for the current year.

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A number of research analysts recently issued reports on the stock. ValuEngine upgraded shares of QIWI PLC from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 28th. Citigroup Inc. downgraded shares of QIWI PLC from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 26th. Zacks Investment Research downgraded shares of QIWI PLC from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, July 19th. BidaskClub downgraded shares of QIWI PLC from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Finally, VTB Capital downgraded shares of QIWI PLC from a “buy” rating to a “hold” rating and set a $27.00 price target for the company. in a research note on Monday, June 19th. One analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. QIWI PLC has a consensus rating of “Hold” and an average target price of $23.25.

About QIWI PLC

QIWI plc is a provider of payment services in Russia and the Commonwealth of Independent States (CIS). The Company’s network enables payment services across physical, online and mobile channels. The Company operates in target markets and customer segments. As of December 31, 2016, the Company had deployed over 17.2 million virtual wallets, over 162,000 kiosks and terminals, and enabled merchants to accept over Russian rubles 70 billion cash and electronic payments monthly.

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Institutional Ownership by Quarter for QIWI PLC (NASDAQ:QIWI)

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