Oberweis Asset Management Inc. bought a new position in Waystar Holding Corp. (NASDAQ:WAY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 231,300 shares of the company's stock, valued at approximately $8,489,000. Oberweis Asset Management Inc. owned 0.13% of Waystar as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Waystar by 26.8% in the 4th quarter. Vanguard Group Inc. now owns 4,991,336 shares of the company's stock valued at $183,182,000 after purchasing an additional 1,054,180 shares in the last quarter. Norges Bank acquired a new position in Waystar during the fourth quarter worth about $119,387,000. Fuller & Thaler Asset Management Inc. purchased a new position in Waystar in the fourth quarter valued at about $56,804,000. American Century Companies Inc. lifted its position in shares of Waystar by 0.4% during the 4th quarter. American Century Companies Inc. now owns 1,476,236 shares of the company's stock valued at $54,178,000 after acquiring an additional 6,409 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Waystar by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company's stock worth $37,531,000 after acquiring an additional 96,552 shares in the last quarter.
Waystar Stock Performance
Shares of WAY traded down $0.26 during midday trading on Friday, hitting $37.02. The stock had a trading volume of 938,072 shares, compared to its average volume of 1,379,086. The business has a 50-day simple moving average of $38.17 and a two-hundred day simple moving average of $35.72. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.55. Waystar Holding Corp. has a fifty-two week low of $20.26 and a fifty-two week high of $48.11.
Waystar (NASDAQ:WAY - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.11. The firm had revenue of $244.10 million during the quarter, compared to analyst estimates of $232.29 million. Equities analysts expect that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.
Insider Transactions at Waystar
In other Waystar news, CEO Matthew J. Hawkins sold 46,667 shares of the firm's stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $36.36, for a total transaction of $1,696,812.12. Following the transaction, the chief executive officer now owns 500,000 shares in the company, valued at approximately $18,180,000. This trade represents a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $40.00, for a total value of $300,686,720.00. Following the sale, the insider now directly owns 29,692,286 shares in the company, valued at $1,187,691,440. The trade was a 20.20 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,411,461 shares of company stock valued at $528,743,995.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. Jefferies Financial Group assumed coverage on Waystar in a report on Tuesday, February 11th. They set a "buy" rating and a $51.00 price objective for the company. Truist Financial began coverage on shares of Waystar in a research note on Friday, March 14th. They issued a "buy" rating and a $45.00 price objective on the stock. Canaccord Genuity Group lifted their target price on shares of Waystar from $42.00 to $50.00 and gave the stock a "buy" rating in a research report on Monday, February 24th. Bank of America increased their price target on shares of Waystar from $36.00 to $43.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Finally, The Goldman Sachs Group upped their target price on Waystar from $44.00 to $52.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. Twelve analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $40.33.
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About Waystar
(
Free Report)
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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