Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Sees Unusually-High Trading Volume – Still a Buy?

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) shares saw an uptick in trading volume on Monday . Approximately 332,828 shares changed hands during mid-day trading, a decline of 32% from the previous session’s volume of 489,797 shares.The stock last traded at $96.2330 and had previously closed at $90.30.

Wall Street Analysts Forecast Growth

KSPI has been the subject of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Joint Stock Company Kaspi.kz in a research note on Friday. Zacks Research cut shares of Joint Stock Company Kaspi.kz from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $96.67.

Joint Stock Company Kaspi.kz Trading Up 1.4%

The company has a 50 day moving average price of $86.90 and a 200 day moving average price of $82.03. The company has a market capitalization of $18.12 billion, a price-to-earnings ratio of 8.80 and a beta of 0.97.

Joint Stock Company Kaspi.kz Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 12th. Investors of record on Friday, June 12th were given a $1.7978 dividend. The ex-dividend date was Friday, June 12th. This is a positive change from Joint Stock Company Kaspi.kz’s previous dividend of $1.76. Joint Stock Company Kaspi.kz’s dividend payout ratio is 64.30%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its position in shares of Joint Stock Company Kaspi.kz by 2,683.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 501 shares of the company’s stock worth $37,000 after buying an additional 483 shares during the period. GAMMA Investing LLC bought a new position in Joint Stock Company Kaspi.kz in the second quarter valued at approximately $41,000. FNY Investment Advisers LLC boosted its stake in Joint Stock Company Kaspi.kz by 52.3% in the second 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 last quarter. Ramsey Quantitative Systems acquired a new stake in Joint Stock Company Kaspi.kz during the 2nd quarter worth $159,000. Finally, Advisory Services Network LLC raised its position in shares of Joint Stock Company Kaspi.kz by 15.3% during the 4th quarter. Advisory Services Network LLC now owns 3,787 shares of the company’s stock valued at $296,000 after acquiring an additional 502 shares during the last quarter. 32.20% of the stock is currently owned by institutional investors and hedge funds.

About Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz is a leading financial technology and e-commerce group headquartered in Almaty, Kazakhstan. The company has built one of the country’s largest digital ecosystems, offering a suite of integrated services that span consumer banking, payments, online marketplaces and merchant acquiring. Through its mobile and web platforms, Kaspi.kz aims to simplify everyday financial and shopping activities for individuals and businesses across Kazakhstan.

The company’s core offerings include digital banking solutions such as deposit accounts, digital wallets and money transfers, alongside consumer lending products that enable point-of-sale financing and “buy now, pay later” purchases.