AGF Management Ltd. bought a new position in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 211,927 shares of the company's stock, valued at approximately $7,778,000. AGF Management Ltd. owned approximately 0.12% of Waystar at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Waystar by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company's stock worth $37,531,000 after buying an additional 96,552 shares in the last quarter. M&T Bank Corp raised its position in Waystar by 116.6% in the third quarter. M&T Bank Corp now owns 63,746 shares of the company's stock worth $1,778,000 after acquiring an additional 34,316 shares in the last quarter. Barclays PLC lifted its holdings in Waystar by 701.7% in the 3rd quarter. Barclays PLC now owns 64,934 shares of the company's stock valued at $1,811,000 after acquiring an additional 56,834 shares during the last quarter. State Street Corp bought a new position in shares of Waystar during the 3rd quarter valued at about $16,816,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in shares of Waystar in the 3rd quarter worth approximately $10,224,000.
Analyst Upgrades and Downgrades
WAY has been the subject of a number of research reports. Jefferies Financial Group started coverage on shares of Waystar in a report on Tuesday, February 11th. They set a "buy" rating and a $51.00 target price for the company. Canaccord Genuity Group lifted their target price on Waystar from $42.00 to $50.00 and gave the stock a "buy" rating in a report on Monday, February 24th. Barclays increased their price target on Waystar from $42.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Bank of America boosted their price target on shares of Waystar from $36.00 to $43.00 and gave the company a "buy" rating in a report on Monday, January 6th. Finally, Raymond James raised shares of Waystar from an "outperform" rating to a "strong-buy" rating and set a $40.00 price objective for the company in a research note on Friday, November 22nd. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $40.36.
Read Our Latest Analysis on Waystar
Waystar Stock Down 0.2 %
WAY stock opened at $36.88 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.55 and a quick ratio of 2.29. Waystar Holding Corp. has a 12 month low of $20.26 and a 12 month high of $48.11. The firm has a 50 day moving average of $40.16 and a two-hundred day moving average of $33.44.
Waystar (NASDAQ:WAY - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.11. The company had revenue of $244.10 million for the quarter, compared to the consensus estimate of $232.29 million. On average, sell-side analysts predict that Waystar Holding Corp. will post 0.39 earnings per share for the current year.
Insider Transactions at Waystar
In other Waystar news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $42.15, for a total value of $143,310.00. Following the sale, the chief marketing officer now owns 43,478 shares of the company's stock, valued at $1,832,597.70. This trade represents a 7.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of the company's stock in a transaction that occurred 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 transaction, the insider now owns 29,692,286 shares of the company's stock, valued at approximately $1,187,691,440. This trade represents a 20.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,356,171 shares of company stock worth $526,733,651.
Waystar Profile
(
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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