Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Stock Jumps 4.7% – Here’s Why

Shares of Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) traded up 4.7% during mid-day trading on Monday. The stock traded as high as $97.21 and last traded at $97.4070. 354,196 shares traded hands during trading, a decline of 32% from the average session volume of 519,662 shares. The stock had previously closed at $92.99.

Analyst Ratings Changes

Several research firms recently commented on KSPI. Weiss Ratings upgraded shares of Joint Stock Company Kaspi.kz from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, September 8th. Zacks Research cut Joint Stock Company Kaspi.kz from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Wolfe Research upped their price objective on shares of Joint Stock Company Kaspi.kz from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Finally, Susquehanna boosted their target price on shares of Joint Stock Company Kaspi.kz from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $107.50.

Joint Stock Company Kaspi.kz Stock Down 1.3%

The firm has a 50 day moving average price of $98.87 and a two-hundred day moving average price of $90.03. The company has a market cap of $18.02 billion, a price-to-earnings ratio of 8.61 and a beta of 1.06.

Joint Stock Company Kaspi.kz Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, September 10th were paid a dividend of $2.1490 per share. This is an increase from Joint Stock Company Kaspi.kz’s previous dividend of $1.7977. The ex-dividend date of this dividend was Thursday, September 10th. Joint Stock Company Kaspi.kz’s dividend payout ratio (DPR) is currently 78.14%.

Hedge Funds Weigh In On Joint Stock Company Kaspi.kz

A number of hedge funds have recently added to or reduced their stakes in KSPI. Capricorn Fund Managers Ltd raised its stake in shares of Joint Stock Company Kaspi.kz by 599.4% during the 1st quarter. Capricorn Fund Managers Ltd now owns 118,900 shares of the company’s stock worth $8,807,000 after purchasing an additional 101,900 shares during the period. Public Employees Retirement System of Ohio bought a new position in Joint Stock Company Kaspi.kz during the second quarter valued at $7,375,000. Euro Pacific Asset Management LLC purchased a new stake in Joint Stock Company Kaspi.kz in the first quarter worth $2,365,000. Ramsey Quantitative Systems purchased a new position in shares of Joint Stock Company Kaspi.kz during the 2nd quarter valued at $159,000. Finally, FNY Investment Advisers LLC raised its stake in Joint Stock Company Kaspi.kz by 52.3% in the 2nd quarter. FNY Investment Advisers LLC now owns 789 shares of the company’s stock valued at $68,000 after acquiring an additional 271 shares during the period. Institutional investors and hedge funds own 32.20% of the company’s stock.

Joint Stock Company Kaspi.kz Company Profile

Joint Stock Company Kaspi.kz is a Kazakhstan-based technology and financial services company that operates a consumer-focused digital ecosystem. Through its Kaspi.kz super app, the company brings together payments, shopping and financial services in a single platform serving consumers and merchants.

Its payment products include peer-to-peer transfers, bill payments, mobile and online payments, QR payments and digital banking services. The company also offers products such as payment cards, deposits and consumer lending, while its marketplace connects customers with merchants offering a broad range of goods and services.