Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Hits New 1-Year High at $136.38

Joint Stock Company Kaspi.kz (NASDAQ:KSPI)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $136.38 and last traded at $135.36, with a volume of 194334 shares trading hands. The stock had previously closed at $133.03.

Wall Street Analyst Weigh In

KSPI has been the subject of several analyst reports. New Street Research initiated coverage on Joint Stock Company Kaspi.kz in a report on Tuesday, May 7th. They issued a “buy” rating and a $175.00 target price for the company. JPMorgan Chase & Co. initiated coverage on Joint Stock Company Kaspi.kz in a report on Monday, March 11th. They issued an “overweight” rating and a $159.00 target price for the company. Finally, Susquehanna initiated coverage on Joint Stock Company Kaspi.kz in a report on Tuesday, February 27th. They issued a “positive” rating and a $154.00 target price for the company.

Joint Stock Company Kaspi.kz Stock Up 1.5 %

The firm’s 50 day simple moving average is $122.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.98 and a quick ratio of 0.98.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $2.53 EPS for the quarter, missing the consensus estimate of $2.57 by ($0.04). The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Sell-side analysts expect that Joint Stock Company Kaspi.kz will post 12.47 earnings per share for the current year.

Joint Stock Company Kaspi.kz Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, May 23rd. Shareholders of record on Friday, May 24th were given a dividend of $1.9154 per share. This is a boost from Joint Stock Company Kaspi.kz’s previous dividend of $1.90. The ex-dividend date was Thursday, May 23rd.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

Institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new position in shares of Joint Stock Company Kaspi.kz during the first quarter worth about $19,063,000. ANTIPODES PARTNERS Ltd bought a new position in Joint Stock Company Kaspi.kz in the 1st quarter worth approximately $128,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Joint Stock Company Kaspi.kz in the 1st quarter worth approximately $64,051,000. Nikko Asset Management Americas Inc. bought a new position in Joint Stock Company Kaspi.kz in the 1st quarter worth approximately $64,051,000. Finally, Baillie Gifford & Co. acquired a new stake in Joint Stock Company Kaspi.kz in the first quarter worth approximately $147,577,000. Hedge funds and other institutional investors own 0.09% of the company’s stock.

Joint Stock Company Kaspi.kz Company Profile

Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in the Republic of Kazakhstan. It operates through three segments: Payments Platform, Marketplace Platform, and Fintech Platform. The Payments Platform segment facilities transactions between customers and merchants.