Vise Technologies Inc. Acquires 180,918 Shares of Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)

Vise Technologies Inc. increased its stake in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Free Report) by 84.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 395,681 shares of the Wireless communications provider's stock after purchasing an additional 180,918 shares during the period. Vise Technologies Inc.'s holdings in Turkcell Iletisim Hizmetleri A.S. were worth $2,576,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. American Century Companies Inc. raised its position in Turkcell Iletisim Hizmetleri A.S. by 3.8% in the 4th quarter. American Century Companies Inc. now owns 790,236 shares of the Wireless communications provider's stock worth $5,144,000 after purchasing an additional 29,286 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 25.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 691,251 shares of the Wireless communications provider's stock valued at $4,500,000 after buying an additional 140,489 shares during the period. Marshall Wace LLP grew its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 136.2% in the 4th quarter. Marshall Wace LLP now owns 515,974 shares of the Wireless communications provider's stock valued at $3,359,000 after buying an additional 297,554 shares during the period. Hsbc Holdings PLC grew its holdings in shares of Turkcell Iletisim Hizmetleri A.S. by 7.1% in the 4th quarter. Hsbc Holdings PLC now owns 461,819 shares of the Wireless communications provider's stock valued at $3,008,000 after buying an additional 30,545 shares during the period. Finally, Millennium Management LLC acquired a new position in shares of Turkcell Iletisim Hizmetleri A.S. in the 4th quarter valued at $2,082,000.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Turkcell Iletisim Hizmetleri A.S. from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 20th.

Turkcell Iletisim Hizmetleri A.S. Stock Performance

Shares of TKC stock traded down $0.19 on Wednesday, reaching $6.20. The stock had a trading volume of 351,280 shares, compared to its average volume of 636,027. Turkcell Iletisim Hizmetleri A.S. has a 12 month low of $5.66 and a 12 month high of $8.47. The firm's 50-day moving average is $6.09 and its two-hundred day moving average is $6.66. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of 4.21 and a beta of 0.91. The company has a quick ratio of 1.81, a current ratio of 1.82 and a debt-to-equity ratio of 0.41.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC - Get Free Report) last announced its earnings results on Friday, May 9th. The Wireless communications provider reported $0.09 EPS for the quarter. Turkcell Iletisim Hizmetleri A.S. had a net margin of 12.82% and a return on equity of 4.05%. The company had revenue of $1.19 billion for the quarter. On average, research analysts expect that Turkcell Iletisim Hizmetleri A.S. will post 0.26 EPS for the current fiscal year.

Turkcell Iletisim Hizmetleri A.S. Announces Dividend

The business also recently announced a -- dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Monday, December 29th will be given a $0.0866 dividend. The ex-dividend date of this dividend is Monday, December 29th. This represents a yield of 2.9%. Turkcell Iletisim Hizmetleri A.S.'s dividend payout ratio is currently 11.56%.

Turkcell Iletisim Hizmetleri A.S. Company Profile

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services, such as mobile communications, fixed business internet and business phone, and customer loyalty and programs; digital business services comprising uninterrupted access, cyber security, data center, Internet of Things, big data, e-transformation, technologies, and managed services, and cloud solutions.