Qiwi (NASDAQ:QIWI) Share Price Crosses Below Fifty Day Moving Average of $17.17

Qiwi PLC (NASDAQ:QIWI) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $17.17 and traded as low as $19.88. Qiwi shares last traded at $20.01, with a volume of 2,679 shares changing hands.

A number of research firms recently weighed in on QIWI. JPMorgan Chase & Co. upgraded Qiwi from a “neutral” rating to an “overweight” rating and increased their price target for the company from $19.00 to $20.00 in a research note on Thursday, May 16th. BidaskClub cut Qiwi from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. ValuEngine upgraded Qiwi from a “strong sell” rating to a “sell” rating in a research note on Tuesday, March 26th. Finally, Zacks Investment Research upgraded Qiwi from a “hold” rating to a “strong-buy” rating and set a $19.00 price target on the stock in a research note on Thursday, May 23rd. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $20.33.

The stock has a market cap of $1.19 billion, a PE ratio of 20.39 and a beta of 1.07. The business has a 50-day simple moving average of $17.42.

Qiwi (NASDAQ:QIWI) last posted its quarterly earnings data on Thursday, May 16th. The credit services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.14. The firm had revenue of $82.90 million for the quarter. Qiwi had a return on equity of 16.86% and a net margin of 12.20%. Equities analysts predict that Qiwi PLC will post 1.46 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Tuesday, May 28th were given a dividend of $0.28 per share. This is a boost from Qiwi’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, May 24th. This represents a $1.12 annualized dividend and a yield of 5.72%. Qiwi’s dividend payout ratio (DPR) is presently 29.17%.

A number of hedge funds have recently bought and sold shares of the business. Barclays PLC increased its position in Qiwi by 4.1% during the 4th quarter. Barclays PLC now owns 17,304 shares of the credit services provider’s stock worth $245,000 after buying an additional 686 shares during the period. Penserra Capital Management LLC increased its position in Qiwi by 1.2% during the 1st quarter. Penserra Capital Management LLC now owns 82,186 shares of the credit services provider’s stock worth $1,182,000 after buying an additional 994 shares during the period. Advisor Group Inc. increased its position in Qiwi by 46.7% during the 4th quarter. Advisor Group Inc. now owns 11,173 shares of the credit services provider’s stock worth $158,000 after buying an additional 3,557 shares during the period. New York State Common Retirement Fund bought a new position in Qiwi during the 4th quarter worth $105,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Qiwi by 5.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 168,729 shares of the credit services provider’s stock worth $2,428,000 after buying an additional 8,229 shares during the period. Hedge funds and other institutional investors own 24.41% of the company’s stock.

About Qiwi (NASDAQ: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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