Eqis Capital Management Inc. lifted its position in shares of Qiwi PLC (NASDAQ:QIWI) by 11.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 29,074 shares of the credit services provider’s stock after acquiring an additional 2,996 shares during the quarter. Eqis Capital Management Inc.’s holdings in Qiwi were worth $504,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. acquired a new position in shares of Qiwi during the second quarter worth about $260,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Qiwi during the third quarter worth about $245,000. Wells Fargo & Company MN increased its stake in shares of Qiwi by 110.5% during the second quarter. Wells Fargo & Company MN now owns 15,378 shares of the credit services provider’s stock worth $380,000 after acquiring an additional 8,073 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Qiwi during the third quarter worth about $268,000. Finally, Fred Alger Management Inc. acquired a new position in shares of Qiwi during the second quarter worth about $419,000. Institutional investors and hedge funds own 17.15% of the company’s stock.

Qiwi PLC (QIWI) opened at $16.69 on Thursday. Qiwi PLC has a one year low of $13.28 and a one year high of $26.55. The stock has a market cap of $755.25, a PE ratio of 23.18 and a beta of 3.23.

Qiwi (NASDAQ:QIWI) last issued its earnings results on Thursday, November 16th. The credit services provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. Qiwi had a net margin of 13.47% and a return on equity of 20.98%. research analysts expect that Qiwi PLC will post 1.09 EPS for the current fiscal year.

A number of research analysts have recently issued reports on the stock. BidaskClub lowered shares of Qiwi from a “hold” rating to a “sell” rating in a research note on Monday. ValuEngine lowered shares of Qiwi from a “buy” rating to a “hold” rating in a research note on Sunday, December 3rd. Finally, Zacks Investment Research upgraded shares of Qiwi from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.67.

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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.

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Institutional Ownership by Quarter for Qiwi (NASDAQ:QIWI)

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