Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Hits New 1-Year High – Time to Buy?

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) reached a new 52-week high on Wednesday . The stock traded as high as $101.21 and last traded at $100.5990, with a volume of 189415 shares changing hands. The stock had previously closed at $98.09.

Analysts Set New Price Targets

KSPI has been the subject of several research reports. Susquehanna boosted their price target on Joint Stock Company Kaspi.kz from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. Weiss Ratings restated a “hold (c)” rating on shares of Joint Stock Company Kaspi.kz in a report on Friday, August 7th. Finally, Zacks Research cut shares of Joint Stock Company Kaspi.kz from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $103.50.

Joint Stock Company Kaspi.kz Trading Up 2.2%

The company has a market capitalization of $19.71 billion, a PE ratio of 9.44 and a beta of 0.97. The company has a fifty day simple moving average of $89.51 and a 200-day simple moving average of $83.09.

Joint Stock Company Kaspi.kz Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, September 10th were given a dividend of $2.149 per share. The ex-dividend date of this dividend was Thursday, September 10th. This is a positive change from Joint Stock Company Kaspi.kz’s previous dividend of $1.80. Joint Stock Company Kaspi.kz’s dividend payout ratio is presently 76.41%.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new position in Joint Stock Company Kaspi.kz during the second quarter worth about $7,375,000. Ramsey Quantitative Systems purchased a new stake in shares of Joint Stock Company Kaspi.kz in the 2nd quarter valued at approximately $159,000. FNY Investment Advisers LLC grew its stake in shares of Joint Stock Company Kaspi.kz by 52.3% in the 2nd quarter. FNY Investment Advisers LLC now owns 789 shares of the company’s stock valued at $68,000 after buying an additional 271 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Joint Stock Company Kaspi.kz during the 2nd quarter worth approximately $41,000. Finally, EverSource Wealth Advisors LLC increased its holdings 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 last quarter. 32.20% of the stock is currently owned by institutional investors and hedge funds.

Joint Stock Company Kaspi.kz Company Profile

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.