19,318 Shares in Waystar Holding Corp. (NASDAQ:WAY) Purchased by Jane Street Group LLC

Jane Street Group LLC purchased a new position in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,318 shares of the company's stock, valued at approximately $539,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Amalgamated Bank purchased a new position in Waystar in the third quarter worth approximately $41,000. Smithfield Trust Co acquired a new stake in shares of Waystar in the 3rd quarter valued at $68,000. RiverPark Advisors LLC purchased a new stake in shares of Waystar during the 3rd quarter worth $78,000. Cubist Systematic Strategies LLC acquired a new position in shares of Waystar during the second quarter worth $145,000. Finally, Stifel Financial Corp purchased a new position in Waystar in the third quarter valued at $204,000.

Insider Activity

In other news, CFO Steven M. Oreskovich sold 16,666 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $33.89, for a total value of $564,810.74. Following the completion of the sale, the chief financial officer now directly owns 173,642 shares of the company's stock, valued at $5,884,727.38. This trade represents a 8.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Waystar Stock Up 1.4 %

WAY traded up $0.52 on Monday, hitting $37.50. 1,275,845 shares of the company traded hands, compared to its average volume of 1,112,148. The stock's 50 day moving average is $32.65. Waystar Holding Corp. has a 12-month low of $20.26 and a 12-month high of $38.35. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.40.

Waystar (NASDAQ:WAY - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.03. The company had revenue of $240.10 million for the quarter, compared to analyst estimates of $223.82 million. The firm's revenue was up 21.7% compared to the same quarter last year. As a group, research analysts anticipate that Waystar Holding Corp. will post 0.03 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on WAY shares. Raymond James raised Waystar from an "outperform" rating to a "strong-buy" rating and set a $40.00 target price on the stock in a research report on Friday, November 22nd. The Goldman Sachs Group raised their price objective on shares of Waystar from $34.00 to $39.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. Bank of America upped their target price on shares of Waystar from $36.00 to $43.00 and gave the company a "buy" rating in a report on Monday. Evercore ISI lifted their price target on shares of Waystar from $32.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada upped their price objective on shares of Waystar from $31.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Ten analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $34.60.

Waystar Company Profile

Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.