Legato Capital Management LLC Invests $1.07 Million in Nayax Ltd. $NYAX

Legato Capital Management LLC acquired a new position in shares of Nayax Ltd. (NASDAQ:NYAX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 21,185 shares of the company’s stock, valued at approximately $1,072,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Nayax by 4,022.5% during the 3rd quarter. Vanguard Group Inc. now owns 548,788 shares of the company’s stock worth $26,210,000 after purchasing an additional 535,476 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Nayax by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 294,430 shares of the company’s stock worth $9,966,000 after acquiring an additional 89,886 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Nayax by 57.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 198,714 shares of the company’s stock worth $10,044,000 after acquiring an additional 72,354 shares during the last quarter. UBS Group AG lifted its stake in Nayax by 12,665.1% in the fourth quarter. UBS Group AG now owns 57,443 shares of the company’s stock valued at $2,907,000 after buying an additional 56,993 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in Nayax in the second quarter valued at approximately $2,649,000. 34.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NYAX. William Blair reiterated an “outperform” rating on shares of Nayax in a report on Monday, March 9th. Keefe, Bruyette & Woods upped 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. Wall Street Zen downgraded shares of Nayax from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. UBS Group boosted their target price on shares of Nayax from $55.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Finally, Zacks Research cut shares of Nayax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $74.27.

Nayax Price Performance

Shares of NASDAQ NYAX opened at $67.98 on Monday. The company has a 50 day simple moving average of $62.97 and a 200 day simple moving average of $55.15. The firm has a market cap of $2.49 billion, a PE ratio of 86.05 and a beta of 0.39. Nayax Ltd. has a 1 year low of $38.50 and a 1 year high of $75.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.99 and a quick ratio of 0.88.

Nayax (NASDAQ:NYAX) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). The business had revenue of $106.86 million during the quarter, compared to the consensus estimate of $105.64 million. Nayax had a net margin of 6.95% and a return on equity of 14.09%. On average, research analysts forecast that Nayax Ltd. will post 0.73 EPS for the current year.

Insider Activity at Nayax

In related news, insider Aaron Samuel Greenberg sold 1,002 shares of the firm’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $63.94, for a total value of $64,067.88. Following the completion of the transaction, the insider owned 25,753 shares in the company, valued at $1,646,646.82. This trade represents a 3.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CMO Michal Sever sold 5,000 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $64.32, for a total transaction of $321,600.00. Following the sale, the chief marketing officer directly owned 17,306 shares of the company’s stock, valued at $1,113,121.92. This represents a 22.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 8,533 shares of company stock worth $550,228 in the last quarter.

Nayax Company Profile

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.