Public Employees Retirement System of Ohio Boosts Stake in Qifu Technology, Inc. (NASDAQ:QFIN)

Public Employees Retirement System of Ohio increased its position in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) by 43.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 407,993 shares of the company's stock after acquiring an additional 123,292 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.26% of Qifu Technology worth $15,659,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. HB Wealth Management LLC purchased a new stake in shares of Qifu Technology during the 4th quarter valued at $230,000. Atomi Financial Group Inc. acquired a new position in shares of Qifu Technology during the fourth quarter valued at about $202,000. Janney Montgomery Scott LLC purchased a new position in shares of Qifu Technology in the fourth quarter worth $340,000. DGS Capital Management LLC grew its holdings in shares of Qifu Technology by 5.9% during the fourth quarter. DGS Capital Management LLC now owns 11,413 shares of the company's stock valued at $438,000 after buying an additional 631 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Qifu Technology by 63.2% in the 4th quarter. Blue Trust Inc. now owns 9,329 shares of the company's stock valued at $358,000 after acquiring an additional 3,612 shares during the period. Institutional investors own 74.81% of the company's stock.

Qifu Technology Stock Performance

NASDAQ QFIN traded down $1.90 on Friday, reaching $40.55. 597,119 shares of the company's stock traded hands, compared to its average volume of 1,572,788. Qifu Technology, Inc. has a fifty-two week low of $18.13 and a fifty-two week high of $48.94. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 8.20, a P/E/G ratio of 0.32 and a beta of 0.53. The stock has a 50 day moving average price of $41.33 and a 200-day moving average price of $39.90.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last issued its earnings results on Monday, May 19th. The company reported $1.74 EPS for the quarter, topping analysts' consensus estimates of $1.72 by $0.02. The firm had revenue of $646.19 million for the quarter, compared to the consensus estimate of $4.61 billion. Qifu Technology had a return on equity of 24.39% and a net margin of 31.82%. As a group, equities research analysts anticipate that Qifu Technology, Inc. will post 5.71 EPS for the current fiscal year.

Qifu Technology Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $0.70 per share. This is a boost from Qifu Technology's previous semi-annual dividend of $0.60. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a dividend yield of 2.5%. Qifu Technology's dividend payout ratio (DPR) is presently 21.17%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on QFIN shares. Wall Street Zen upgraded Qifu Technology from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. Bank of America raised their price objective on Qifu Technology from $50.66 to $52.70 and gave the stock a "buy" rating in a research note on Wednesday, March 26th.

Qifu Technology Profile

Qifu Technology, Inc, through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service.