Barclays PLC raised its holdings in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 701.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,934 shares of the company's stock after purchasing an additional 56,834 shares during the quarter. Barclays PLC's holdings in Waystar were worth $1,811,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd bought a new position in shares of Waystar during the third quarter worth about $222,000. Jane Street Group LLC bought a new position in Waystar during the 3rd quarter worth approximately $539,000. State Street Corp acquired a new position in shares of Waystar in the 3rd quarter worth approximately $16,816,000. Stifel Financial Corp bought a new stake in shares of Waystar in the 3rd quarter valued at approximately $204,000. Finally, Point72 Asset Management L.P. raised its position in shares of Waystar by 154.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 96,053 shares of the company's stock valued at $2,679,000 after acquiring an additional 58,253 shares in the last quarter.
Waystar Stock Down 0.7 %
Shares of WAY stock traded down $0.25 during midday trading on Friday, reaching $37.92. 1,140,453 shares of the company were exchanged, compared to its average volume of 964,832. The business has a 50 day simple moving average of $31.54. Waystar Holding Corp. has a 12 month low of $20.26 and a 12 month high of $38.35. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40.
Waystar (NASDAQ:WAY - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.03. The firm had revenue of $240.10 million during the quarter, compared to analyst estimates of $223.82 million. The business's revenue for the quarter was up 21.7% compared to the same quarter last year. On average, analysts forecast that Waystar Holding Corp. will post 0.03 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, CFO Steven M. Oreskovich sold 16,666 shares of the firm's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $33.89, for a total transaction 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 legal filing with the SEC, which is available through this link.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the stock. Raymond James raised shares of Waystar from an "outperform" rating to a "strong-buy" rating and set a $40.00 price target for the company in a report on Friday, November 22nd. The Goldman Sachs Group upped their target price on Waystar from $34.00 to $39.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Bank of America raised their price target on Waystar from $27.00 to $32.00 and gave the stock a "buy" rating in a report on Monday, October 14th. Canaccord Genuity Group upped their price objective on Waystar from $30.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Finally, Evercore ISI boosted their price target on shares of Waystar from $32.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Ten analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $32.90.
Read Our Latest Research Report on WAY
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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