Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Qiwi PLC (NASDAQ:QIWI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 160,500 shares of the credit services provider’s stock, valued at approximately $2,719,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.36% of Qiwi as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of QIWI. JPMorgan Chase & Co. grew its stake in shares of Qiwi by 240.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 390,918 shares of the credit services provider’s stock valued at $6,470,000 after purchasing an additional 276,068 shares during the period. Parametric Portfolio Associates LLC grew its stake in shares of Qiwi by 1.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 329,079 shares of the credit services provider’s stock valued at $8,122,000 after purchasing an additional 3,823 shares during the period. River & Mercantile Asset Management LLP grew its stake in shares of Qiwi by 19.6% in the 3rd quarter. River & Mercantile Asset Management LLP now owns 195,567 shares of the credit services provider’s stock valued at $3,312,000 after purchasing an additional 32,000 shares during the period. Van ECK Associates Corp grew its stake in shares of Qiwi by 45.7% in the 3rd quarter. Van ECK Associates Corp now owns 153,355 shares of the credit services provider’s stock valued at $2,598,000 after purchasing an additional 48,070 shares during the period. Finally, Victory Capital Management Inc. bought a new stake in shares of Qiwi in the 2nd quarter valued at approximately $3,385,000. Hedge funds and other institutional investors own 17.48% of the company’s stock.

A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded Qiwi from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 15th. ValuEngine upgraded Qiwi from a “hold” rating to a “buy” rating in a research report on Monday. BidaskClub lowered Qiwi from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 15th. Finally, VTB Capital upgraded Qiwi from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $22.67.

Qiwi PLC (QIWI) traded down $0.88 during midday trading on Friday, reaching $14.73. The company had a trading volume of 530,100 shares, compared to its average volume of 488,501. The company has a market cap of $862.90, a price-to-earnings ratio of 13.96 and a beta of 3.33. Qiwi PLC has a 1-year low of $11.60 and a 1-year high of $26.55.

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Qiwi Profile

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.

Institutional Ownership by Quarter for Qiwi (NASDAQ:QIWI)

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