Barclays PLC Grows Stock Position in Waystar Holding Corp. (NASDAQ:WAY)

Barclays PLC raised its stake in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 173.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,469 shares of the company's stock after purchasing an additional 112,535 shares during the quarter. Barclays PLC owned about 0.10% of Waystar worth $6,514,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WAY. Next Century Growth Investors LLC boosted its holdings in shares of Waystar by 202.6% in the 4th quarter. Next Century Growth Investors LLC now owns 326,592 shares of the company's stock valued at $11,986,000 after acquiring an additional 218,671 shares during the last quarter. Sterling Capital Management LLC grew its position in Waystar by 17.9% during the fourth quarter. Sterling Capital Management LLC now owns 51,109 shares of the company's stock valued at $1,876,000 after buying an additional 7,742 shares during the period. Kennedy Capital Management LLC increased its holdings in Waystar by 14.5% in the fourth quarter. Kennedy Capital Management LLC now owns 205,639 shares of the company's stock valued at $7,547,000 after buying an additional 26,023 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Waystar during the 4th quarter worth about $1,504,000. Finally, Legal & General Group Plc increased its stake in shares of Waystar by 980.1% in the 4th quarter. Legal & General Group Plc now owns 47,969 shares of the company's stock valued at $1,760,000 after purchasing an additional 43,528 shares in the last quarter.

Wall Street Analyst Weigh In

WAY has been the topic of several research analyst reports. Canaccord Genuity Group raised their price objective on Waystar from $42.00 to $50.00 and gave the company a "buy" rating in a report on Monday, February 24th. Bank of America upped their price target on shares of Waystar from $36.00 to $43.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Jefferies Financial Group assumed coverage on Waystar in a research note on Tuesday, February 11th. They set a "buy" rating and a $51.00 price objective for the company. The Goldman Sachs Group lifted their price target on Waystar from $44.00 to $52.00 and gave the stock a "buy" rating in a research note on Wednesday, February 19th. Finally, Barclays dropped their price objective on shares of Waystar from $50.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. 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 currently has an average rating of "Buy" and a consensus target price of $40.33.

Insider Activity

In other news, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $40.00, for a total transaction of $300,686,720.00. Following the completion of the transaction, the insider now directly owns 29,692,286 shares of the company's stock, valued at approximately $1,187,691,440. This represents a 20.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $42.15, for a total transaction of $143,310.00. Following the completion of the transaction, the chief marketing officer now owns 43,478 shares in the company, valued at $1,832,597.70. This represents a 7.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,411,461 shares of company stock worth $528,743,995.

Waystar Stock Up 0.8 %

Waystar stock traded up $0.30 during trading on Tuesday, hitting $36.94. The company had a trading volume of 829,493 shares, compared to its average volume of 1,376,560. The company has a quick ratio of 2.29, a current ratio of 2.55 and a debt-to-equity ratio of 0.40. The company's 50 day simple moving average is $38.02 and its 200-day simple moving average is $35.83. Waystar Holding Corp. has a 1-year low of $20.26 and a 1-year 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, topping the consensus estimate of $0.15 by $0.11. The firm had revenue of $244.10 million for the quarter, compared to analyst estimates of $232.29 million. Sell-side analysts expect that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Waystar Profile

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