Franklin Resources Inc. Sells 1,144 Shares of Nayax Ltd. (NASDAQ:NYAX)

Franklin Resources Inc. reduced its position in Nayax Ltd. (NASDAQ:NYAX) by 0.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 890,983 shares of the company’s stock after selling 1,144 shares during the period. Franklin Resources Inc.’s holdings in Nayax were worth $26,160,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Y.D. More Investments Ltd boosted its holdings in shares of Nayax by 42.7% during the 4th quarter. Y.D. More Investments Ltd now owns 1,183,988 shares of the company’s stock valued at $34,630,000 after acquiring an additional 354,350 shares during the last quarter. Barclays PLC grew its position in Nayax by 5,526.8% in the 3rd quarter. Barclays PLC now owns 2,307 shares of the company’s stock worth $58,000 after purchasing an additional 2,266 shares during the period. Swedbank AB grew its position in Nayax by 44.5% in the 4th quarter. Swedbank AB now owns 300,000 shares of the company’s stock worth $8,748,000 after purchasing an additional 92,441 shares during the period. Verdence Capital Advisors LLC purchased a new stake in Nayax during the 4th quarter valued at $326,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Nayax during the 3rd quarter valued at $69,000. 34.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on NYAX. Keefe, Bruyette & Woods upped their price objective on Nayax from $33.00 to $38.00 and gave the company a “market perform” rating in a research report on Thursday, March 6th. B. Riley reiterated a “buy” rating and issued a $44.00 price objective (up previously from $42.00) on shares of Nayax in a research note on Wednesday, March 5th. Finally, William Blair upgraded shares of Nayax from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 1st. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $34.75.

Nayax Stock Performance

Shares of NYAX opened at $34.65 on Monday. The business has a 50-day simple moving average of $37.02 and a two-hundred day simple moving average of $31.53. The company has a quick ratio of 1.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.11. Nayax Ltd. has a 52 week low of $20.31 and a 52 week high of $40.70. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -111.77 and a beta of 0.08.

Nayax Profile

Nayax Ltd., a fintech company, operates system and payment platform for multiple retailers in the United States, Europe, the United Kingdom, Australia, Israel, and rest of the world. The company offers AMIT 3.0, a machine-to-machine vending telemetry solution; Nayax Core, a management and monitoring software for vending machines and other unattended machines; MoMa, a mobile app for unattended machine; Tigapo back-office software suite, a cloud-based platform; EV Core, a smart, cloud-based management platform; Retail Management Cloud, a comprehensive attended retail management platform; Loyalty and Marketing Suite, a consumer engagement marketing and loyalty platform; Monyx Wallet, a digital wallet app enabling cashless payments with mobile phones; Weezmo, a consumer engagement and marketing platform; and Tigapo app, a proprietary mobile app to help family entertainment center businesses.