Y.D. More Investments Ltd Boosts Stock Holdings in Nayax Ltd. $NYAX

Y.D. More Investments Ltd raised its position in shares of Nayax Ltd. (NASDAQ:NYAX) by 3.1% in the first quarter, Holdings Channel.com reports. The fund owned 865,171 shares of the company’s stock after acquiring an additional 25,694 shares during the quarter. Nayax makes up approximately 1.9% of Y.D. More Investments Ltd’s portfolio, making the stock its 12th biggest holding. Y.D. More Investments Ltd’s holdings in Nayax were worth $48,387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its position in shares of Nayax by 9.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,894 shares of the company’s stock valued at $197,000 after acquiring an additional 330 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Nayax by 210.5% during the second quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock worth $30,000 after purchasing an additional 400 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Nayax by 8.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 8,058 shares of the company’s stock valued at $407,000 after purchasing an additional 594 shares during the last quarter. Osaic Holdings Inc. acquired a new position in Nayax in the 2nd quarter valued at $33,000. Finally, Geode Capital Management LLC lifted its holdings in Nayax by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 36,139 shares of the company’s stock valued at $1,825,000 after purchasing an additional 715 shares in the last quarter. Hedge funds and other institutional investors own 34.87% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Carly Lisanne Furman sold 382 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $68.08, for a total value of $26,006.56. Following the transaction, the chief executive officer directly owned 21,439 shares in the company, valued at approximately $1,459,567.12. This represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Aaron Samuel Greenberg sold 440 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $73.31, for a total value of $32,256.40. Following the completion of the transaction, the insider owned 25,915 shares in the company, valued at $1,899,828.65. This represents a 1.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 50,385 shares of company stock worth $3,659,391.

Nayax Stock Performance

Shares of NYAX opened at $65.66 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 0.53. Nayax Ltd. has a 12-month low of $39.17 and a 12-month high of $76.86. The firm has a 50-day moving average price of $67.87 and a 200 day moving average price of $60.92. The firm has a market capitalization of $2.40 billion, a P/E ratio of 83.11 and a beta of 0.47.

Nayax (NASDAQ:NYAX) last issued its earnings results on Tuesday, May 12th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). Nayax had a return on equity of 14.09% and a net margin of 6.95%.The firm had revenue of $106.86 million for the quarter, compared to analysts’ expectations of $105.64 million. Sell-side analysts forecast that Nayax Ltd. will post 0.73 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NYAX shares. Zacks Research raised shares of Nayax from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 1st. Barclays initiated coverage on shares of Nayax in a research report on Wednesday, July 8th. They issued an “equal weight” rating and a $75.00 target price for the company. Oppenheimer upgraded shares of Nayax from a “market perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a research report on Wednesday, May 27th. Jefferies Financial Group reaffirmed a “buy” rating and set a $79.80 price objective on shares of Nayax in a research note on Thursday, May 14th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a report on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $78.16.

About Nayax

Nayax Ltd. is a global fintech company specializing in cashless payment solutions, telematics and management services for unattended retail environments. Founded in 2005 and headquartered in Israel, Nayax develops hardware and software platforms that enable vending machines, kiosks, laundromats, e-commerce and self-checkout points to accept a wide range of payment methods, including credit and debit cards, mobile wallets and contactless NFC transactions.

The company’s product portfolio comprises proprietary point-of-sale terminals—such as the VPOS and Carbon series—as well as a cloud-based management suite known as the Monyx platform.