Qiwi (NASDAQ:QIWI) Cut to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Qiwi (NASDAQ:QIWI) from a strong-buy rating to a hold rating in a report released on Wednesday morning, Zacks.com reports.

According to Zacks, “QIWI plc operates as a provider of next generation payment services primarily in Russia and the CIS. The Company has an integrated network that enables payment services across physical, online and mobile channels. It enables merchants to accept cash and electronic payments from virtual wallets, and operates cash-collecting terminals and kiosks. QIWI plc is based in Moscow, the Russian Federation. “

A number of other research analysts have also issued reports on QIWI. BidaskClub lowered shares of Vertex Pharmaceuticals from a buy rating to a hold rating in a report on Tuesday, July 9th. ValuEngine lowered shares of Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. JPMorgan Chase & Co. restated a buy rating on shares of Cisco Systems in a report on Thursday, May 16th. Finally, TheStreet upgraded shares of Viewray from a d+ rating to a c- rating in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $20.33.

Qiwi stock opened at $19.67 on Wednesday. Qiwi has a 52 week low of $11.61 and a 52 week high of $20.90. The stock has a 50-day simple moving average of $19.32. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 20.49 and a beta of 1.16.

Qiwi (NASDAQ:QIWI) last released its quarterly earnings data on Thursday, May 16th. The credit services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.27 by $0.14. Qiwi had a net margin of 12.20% and a return on equity of 16.86%. The business had revenue of $82.90 million for the quarter. As a group, equities analysts anticipate that Qiwi will post 1.56 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in Qiwi by 855.7% in the 1st quarter. JPMorgan Chase & Co. now owns 1,364,894 shares of the credit services provider’s stock valued at $19,641,000 after purchasing an additional 1,222,072 shares in the last quarter. River & Mercantile Asset Management LLP lifted its holdings in shares of Qiwi by 39.1% during the 4th quarter. River & Mercantile Asset Management LLP now owns 568,576 shares of the credit services provider’s stock worth $8,031,000 after acquiring an additional 159,800 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Qiwi by 44.2% during the 1st quarter. Acadian Asset Management LLC now owns 505,025 shares of the credit services provider’s stock worth $7,268,000 after acquiring an additional 154,791 shares during the period. Millennium Management LLC lifted its holdings in shares of Qiwi by 202.9% during the 4th quarter. Millennium Management LLC now owns 273,559 shares of the credit services provider’s stock worth $3,868,000 after acquiring an additional 183,251 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Qiwi by 376.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 249,959 shares of the credit services provider’s stock worth $3,597,000 after acquiring an additional 197,510 shares during the period. Institutional investors own 24.41% of the company’s stock.

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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