River & Mercantile Asset Management LLP increased its stake in Qiwi PLC (NASDAQ:QIWI) by 28.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 408,776 shares of the credit services provider’s stock after acquiring an additional 89,548 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in Qiwi were worth $5,386,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Trust Advisors LP grew its holdings in shares of Qiwi by 94.8% in the 2nd quarter. First Trust Advisors LP now owns 28,261 shares of the credit services provider’s stock worth $445,000 after acquiring an additional 13,756 shares during the last quarter. Platinum Investment Management Ltd. grew its holdings in shares of Qiwi by 11.7% in the 2nd quarter. Platinum Investment Management Ltd. now owns 2,556,346 shares of the credit services provider’s stock worth $40,262,000 after acquiring an additional 268,025 shares during the last quarter. Perpetual Ltd grew its holdings in shares of Qiwi by 305.2% in the 3rd quarter. Perpetual Ltd now owns 81,909 shares of the credit services provider’s stock worth $1,079,000 after acquiring an additional 61,695 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Qiwi by 14.8% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 885,490 shares of the credit services provider’s stock worth $11,662,000 after acquiring an additional 114,241 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Qiwi by 5.7% in the 2nd quarter. California Public Employees Retirement System now owns 79,854 shares of the credit services provider’s stock worth $1,258,000 after acquiring an additional 4,339 shares during the last quarter. Institutional investors and hedge funds own 29.65% of the company’s stock.

Shares of QIWI stock opened at $14.43 on Friday. Qiwi PLC has a 1-year low of $11.61 and a 1-year high of $20.05. The firm has a market cap of $657.36 million, a PE ratio of 13.88 and a beta of 2.29.

Qiwi (NASDAQ:QIWI) last issued its quarterly earnings results on Wednesday, November 14th. The credit services provider reported $18.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $18.81. Qiwi had a return on equity of 14.40% and a net margin of 11.52%. The business had revenue of $5.23 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter in the previous year, the company posted $17.38 earnings per share. Qiwi’s revenue for the quarter was up 61.5% compared to the same quarter last year. As a group, analysts expect that Qiwi PLC will post 0.76 EPS for the current fiscal year.

A number of equities analysts recently issued reports on QIWI shares. UBS Group decreased their target price on Qiwi from $24.50 to $22.00 and set a “buy” rating on the stock in a report on Friday, August 24th. Zacks Investment Research upgraded Qiwi from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Wednesday, August 15th. BidaskClub upgraded Qiwi from a “hold” rating to a “buy” rating in a report on Tuesday, November 27th. TheStreet downgraded Qiwi from a “b-” rating to a “c” rating in a report on Wednesday, September 12th. Finally, ValuEngine upgraded Qiwi from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 22nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $17.33.

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About Qiwi

Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russian Federation, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally. The company offers payment services across online, mobile, and physical channels through a network of approximately 109,000 kiosks and 43,000 terminals that run its proprietary software.

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Institutional Ownership by Quarter for Qiwi (NASDAQ:QIWI)

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