# Joint Stock Company Kaspi.kz (KSPI)

> Source: Nexqual · https://nexqual.com/KSPI · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, Joint Stock Company Kaspi.kz (KSPI), nexqual.com/KSPI" · informational, not investment advice.

**Price:** USD 94.84 (-0.07% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 94.91 · day 92.57–95.02 · 52w 68.59–109.94 · market cap $18.0B · NMS

## Key facts
- 7 of 80 tracked superinvestors hold KSPI (13F, Q2 2026): 2 new, 3 added, 2 reduced, 0 unchanged.
- Analysts: Buy (mean 2.43 on a 1–5 scale) (7 analysts), mean target USD 106.7 (range 87.44–134.16).
- Total return with dividends: 1Y +37.0% vs S&P 500 +18.1%; 5Y +12.3% vs S&P 500 +85.1%.
- Next earnings: 2026-11-09, EPS estimate USD 1,420.4, revenue estimate $1.25T.

## Superinvestors (SEC 13F-HR, Q2 2026)
7 of 80 tracked investors hold KSPI. Change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Mason Hawkins | Southeastern Asset Management | 0.96% | $18.5M | Reduced -11.5% |
| Richard Pzena | Pzena Investment Management | 0.78% | $266M | Added +14.9% |
| Prem Watsa | Fairfax Financial Holdings | 0.35% | $9.2M | New position |
| Mohnish Pabrai | Pabrai Investments | 0.05% | $147K | New position |
| John Rogers | Ariel Investments | 0.02% | $2.0M | Added +3.9% |
| Dodge & Cox Funds | Dodge & Cox | 0.01% | $21.9M | Added +20.3% |
| Ruane Cunniff | Ruane Cunniff LP | 0.01% | $341K | Reduced -3.6% |

## Analysts
Consensus Buy (mean 2.43 on a 1–5 scale), 7 analysts; mean target USD 106.7 (low 87.44, high 134.16).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-25 | Wolfe Research | Target raised | Outperform | $110 → $115 |
| 2026-08-12 | Susquehanna | Target raised | Neutral | $95 → $100 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2024-01-15) |
|---|---|---|
| Total return | +37.0% | +12.3% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | +37.1% | +4.3% |
| Volatility (annualized) | 33.5% | 38.7% |
| Max drawdown | -18.2% (Jan 2026→Mar 2026) | -48.5% (Jul 2024→Mar 2026) |

## Peers (Software - Infrastructure)
TOST (Toast, Inc.) USD 32.22 +4.31% · NTNX (Nutanix, Inc.) USD 69.98 -3.98% · GEN (Gen Digital Inc.) USD 24.82 +4.24% · CHKP (Check Point Software Technologi) USD 138.1 +2.30% · GDDY (GoDaddy Inc.) USD 107.29 +4.13% · RBRK (Rubrik, Inc.) USD 118.62 +0.13%

## More
Full page: https://nexqual.com/KSPI · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt