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Investors Buy Large Volume of Put Options on Qiwi (NASDAQ:QIWI)

Last updated on Wednesday, September 16, 2020 | 2020 MarketBeat

Qiwi PLC (NASDAQ:QIWI) was the target of unusually large options trading activity on Tuesday. Stock traders bought 2,183 put options on the company. This represents an increase of 960% compared to the typical daily volume of 206 put options.

Shares of Qiwi stock traded up $0.31 on Wednesday, reaching $16.60. The stock had a trading volume of 1,016 shares, compared to its average volume of 379,390. The business's 50-day moving average price is $18.33 and its two-hundred day moving average price is $15.39. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.41 and a current ratio of 1.41. Qiwi has a fifty-two week low of $8.62 and a fifty-two week high of $23.94. The stock has a market cap of $992.57 million, a P/E ratio of 13.46 and a beta of 1.20.

Qiwi (NASDAQ:QIWI) last issued its quarterly earnings data on Wednesday, August 19th. The credit services provider reported $44.19 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.41 by $43.78. The business had revenue of $97.80 million during the quarter, compared to analysts' expectations of $95.15 million. Qiwi had a net margin of 12.42% and a return on equity of 26.92%. As a group, equities analysts forecast that Qiwi will post 1.92 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 7.95%. The ex-dividend date of this dividend is Monday, September 21st. Qiwi's payout ratio is currently 28.32%.

A number of analysts recently commented on the stock. BidaskClub downgraded shares of Qiwi from a "buy" rating to a "hold" rating in a report on Saturday, September 5th. JPMorgan Chase & Co. boosted their target price on shares of Qiwi from $19.00 to $25.00 and gave the stock an "overweight" rating in a report on Thursday, June 18th. Zacks Investment Research upgraded shares of Qiwi from a "hold" rating to a "strong-buy" rating and set a $21.00 target price on the stock in a report on Wednesday, August 26th. TheStreet upgraded shares of Qiwi from a "c+" rating to a "b-" rating in a report on Friday, August 21st. Finally, ValuEngine upgraded shares of Qiwi from a "sell" rating to a "hold" rating in a report on Tuesday, August 18th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of "Buy" and a consensus price target of $24.33.

Large investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP acquired a new position in shares of Qiwi in the 1st quarter valued at $283,000. Raymond James & Associates raised its stake in shares of Qiwi by 16.5% in the 1st quarter. Raymond James & Associates now owns 28,018 shares of the credit services provider's stock valued at $300,000 after buying an additional 3,963 shares in the last quarter. UBS Group AG raised its stake in shares of Qiwi by 143.5% in the 1st quarter. UBS Group AG now owns 135,147 shares of the credit services provider's stock valued at $1,448,000 after buying an additional 79,650 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Qiwi by 6.1% in the 1st quarter. Russell Investments Group Ltd. now owns 179,760 shares of the credit services provider's stock valued at $1,928,000 after buying an additional 10,351 shares in the last quarter. Finally, Paradice Investment Management LLC raised its stake in shares of Qiwi by 4.1% in the 1st quarter. Paradice Investment Management LLC now owns 57,273 shares of the credit services provider's stock valued at $613,000 after buying an additional 2,266 shares in the last quarter. Hedge funds and other institutional investors own 29.15% of the company's stock.

Qiwi Company Profile

Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russian Federation, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally. The company offers payment services across online, mobile, and physical channels through a network of approximately 109,000 kiosks and 43,000 terminals that run its proprietary software.

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