Capital World Investors Sells 274,948 Shares of Nayax Ltd. $NYAX

Capital World Investors lowered its stake in shares of Nayax Ltd. (NASDAQ:NYAX) by 25.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 800,052 shares of the company’s stock after selling 274,948 shares during the quarter. Capital World Investors’ holdings in Nayax were worth $40,472,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its stake in Nayax by 210.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company’s stock valued at $30,000 after purchasing an additional 400 shares during the period. Osaic Holdings Inc. bought a new position in Nayax in the 2nd quarter valued at $33,000. Bank of America Corp DE grew its stake in Nayax by 254.9% in the 3rd quarter. Bank of America Corp DE now owns 1,331 shares of the company’s stock valued at $63,000 after purchasing an additional 956 shares during the period. Alliancebernstein L.P. purchased a new position in shares of Nayax during the 3rd quarter valued at $128,000. Finally, Ascent Group LLC purchased a new position in shares of Nayax during the 4th quarter valued at $206,000. Institutional investors own 34.87% of the company’s stock.

Nayax Stock Performance

NASDAQ:NYAX opened at $64.25 on Wednesday. The business’s 50-day moving average price is $65.70 and its two-hundred day moving average price is $57.56. Nayax Ltd. has a twelve month low of $39.17 and a twelve month high of $76.86. The stock has a market cap of $2.35 billion, a P/E ratio of 81.33 and a beta of 0.41. The company has a quick ratio of 0.88, a current ratio of 0.99 and a debt-to-equity ratio of 0.53.

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

Analyst Ratings Changes

A number of research analysts have recently commented on NYAX shares. UBS Group upped their price target on Nayax from $55.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Keefe, Bruyette & Woods upped their price target on Nayax from $60.00 to $75.00 and gave the company a “market perform” rating in a research report on Wednesday, May 13th. Oppenheimer raised 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. William Blair reaffirmed an “outperform” rating on shares of Nayax in a research report on Monday, March 9th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $79.80 price target on shares of Nayax in a research report on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Nayax currently has an average rating of “Hold” and a consensus price target of $77.20.

Insider Activity

In other news, CEO Carly Lisanne Furman sold 1,753 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $73.31, for a total transaction of $128,512.43. Following the transaction, the chief executive officer directly owned 21,821 shares in the company, valued at approximately $1,599,697.51. This represents a 7.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 dated Friday, May 15th. The shares were sold at an average price of $64.32, for a total value of $321,600.00. Following the transaction, the chief marketing officer owned 17,306 shares in the company, valued at $1,113,121.92. This trade represents a 22.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 47,901 shares of company stock worth $3,496,580.

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.