Vise Technologies Inc. Buys Shares of 6,234 Qifu Technology, Inc. (NASDAQ:QFIN)

Vise Technologies Inc. acquired a new stake in shares of Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 6,234 shares of the company's stock, valued at approximately $239,000.

Several other institutional investors have also modified their holdings of QFIN. GeoWealth Management LLC bought a new stake in Qifu Technology in the 4th quarter valued at approximately $26,000. Jones Financial Companies Lllp bought a new stake in Qifu Technology in the 4th quarter valued at approximately $29,000. Advisors Preferred LLC bought a new stake in Qifu Technology in the 4th quarter valued at approximately $41,000. Global Retirement Partners LLC increased its position in shares of Qifu Technology by 80.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,164 shares of the company's stock worth $45,000 after purchasing an additional 518 shares during the last quarter. Finally, BOCHK Asset Management Ltd acquired a new position in shares of Qifu Technology during the 4th quarter worth approximately $46,000. Institutional investors own 74.81% of the company's stock.

Qifu Technology Price Performance

NASDAQ QFIN traded down $1.63 on Friday, reaching $40.81. The stock had a trading volume of 2,774,669 shares, compared to its average volume of 1,579,382. The firm has a fifty day moving average of $41.26 and a two-hundred day moving average of $39.97. Qifu Technology, Inc. has a 1-year low of $18.13 and a 1-year high of $48.94. The company has a market cap of $6.43 billion, a P/E ratio of 8.26, a price-to-earnings-growth ratio of 0.32 and a beta of 0.53.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last announced its quarterly earnings data on Monday, May 19th. The company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.02. Qifu Technology had a return on equity of 24.39% and a net margin of 31.82%. The business had revenue of $646.19 million during the quarter, compared to the consensus estimate of $4.61 billion. Research analysts predict that Qifu Technology, Inc. will post 5.71 EPS for the current fiscal year.

Qifu Technology Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, April 23rd will be given a $0.70 dividend. The ex-dividend date is Wednesday, April 23rd. This is an increase from Qifu Technology's previous semi-annual dividend of $0.60. This represents a yield of 2.5%. Qifu Technology's dividend payout ratio (DPR) is currently 21.17%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on QFIN shares. Wall Street Zen raised Qifu Technology from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Bank of America boosted their target price on Qifu Technology from $50.66 to $52.70 and gave the stock a "buy" rating in a report on Wednesday, March 26th.

About Qifu Technology

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.