Clal Insurance Enterprises Holdings Ltd Has $18.91 Million Position in Nayax Ltd. (NASDAQ:NYAX)

Clal Insurance Enterprises Holdings Ltd reduced its stake in Nayax Ltd. (NASDAQ:NYAX) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 646,861 shares of the company’s stock after selling 18,494 shares during the period. Clal Insurance Enterprises Holdings Ltd’s holdings in Nayax were worth $18,908,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Baillie Gifford & Co. raised its holdings in Nayax by 2.3% in the 4th quarter. Baillie Gifford & Co. now owns 51,247 shares of the company’s stock valued at $1,517,000 after buying an additional 1,161 shares during the last quarter. Y.D. More Investments Ltd raised its holdings in Nayax by 42.7% in 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 buying an additional 354,350 shares during the last quarter. Swedbank AB raised its holdings in Nayax by 44.5% in the 4th quarter. Swedbank AB now owns 300,000 shares of the company’s stock valued at $8,748,000 after buying an additional 92,441 shares during the last quarter. Barclays PLC raised its holdings in Nayax by 5,526.8% in the 3rd quarter. Barclays PLC now owns 2,307 shares of the company’s stock valued at $58,000 after buying an additional 2,266 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in Nayax in the 3rd quarter valued at approximately $69,000. 34.87% of the stock is currently owned by institutional investors and hedge funds.

Nayax Stock Down 1.8 %

Nayax stock opened at $36.97 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 1.25. Nayax Ltd. has a 52-week low of $20.31 and a 52-week high of $40.70. The firm has a 50 day moving average price of $35.31 and a two-hundred day moving average price of $29.52. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of -119.25 and a beta of 0.02.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Nayax from $28.00 to $30.00 and gave the company a “market perform” rating in a report on Monday, December 9th. B. Riley assumed coverage on shares of Nayax in a report on Tuesday, November 19th. They issued a “buy” rating and a $38.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $31.25.

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.