Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Stock Price Up 3.5%

Shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI) shot up 3.5% during trading on Wednesday . The stock traded as high as $116.70 and last traded at $116.16. 86,892 shares changed hands during trading, a decline of 76% from the average session volume of 368,229 shares. The stock had previously closed at $112.20.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KSPI. JPMorgan Chase & Co. began coverage on shares of Joint Stock Company Kaspi.kz in a research report on Monday, March 11th. They set an “overweight” rating and a $159.00 price target for the company. Wolfe Research assumed coverage on shares of Joint Stock Company Kaspi.kz in a report on Tuesday, February 13th. They set an “outperform” rating and a $130.00 price target for the company. Finally, Susquehanna began coverage on shares of Joint Stock Company Kaspi.kz in a report on Tuesday, February 27th. They set a “positive” rating and a $154.00 price target for the company.

Joint Stock Company Kaspi.kz Trading Down 1.6 %

The business’s 50 day simple moving average is $110.86.

Joint Stock Company Kaspi.kz Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, April 19th. Stockholders of record on Monday, April 15th will be given a $1.9022 dividend. The ex-dividend date of this dividend is Friday, April 12th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Joint Stock Company Kaspi.kz stock. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Joint Stock Company Kaspi.kz (NASDAQ:KSPI) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 497,912 shares of the company’s stock, valued at approximately $64,051,000. Sumitomo Mitsui Trust Holdings Inc. owned about 0.26% of Joint Stock Company Kaspi.kz as of its most recent filing with the Securities and Exchange Commission. 0.09% of the stock is currently owned by hedge funds and other institutional investors.

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.