Blair William & Co. IL Acquires 14,000 Shares of Waystar Holding Corp. (NASDAQ:WAY)

Blair William & Co. IL boosted its position in Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 30.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,542 shares of the company's stock after buying an additional 14,000 shares during the quarter. Blair William & Co. IL's holdings in Waystar were worth $2,185,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in Waystar during the 4th quarter valued at $25,000. Mark Sheptoff Financial Planning LLC bought a new position in shares of Waystar during the fourth quarter worth about $48,000. Stifel Financial Corp acquired a new position in Waystar in the third quarter worth about $204,000. Y Intercept Hong Kong Ltd bought a new stake in Waystar in the third quarter valued at about $222,000. Finally, Dakota Wealth Management acquired a new stake in Waystar during the fourth quarter valued at approximately $264,000.

Waystar Stock Performance

WAY stock traded down $2.04 during mid-day trading on Friday, reaching $34.93. 1,740,987 shares of the stock traded hands, compared to its average volume of 1,384,562. Waystar Holding Corp. has a 52-week low of $20.26 and a 52-week high of $48.11. The stock's fifty day moving average is $40.07 and its 200-day moving average is $34.64. 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 (NASDAQ:WAY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 earnings per share 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 analysts' expectations of $232.29 million. On average, research analysts expect that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

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Insider Buying and Selling

In other Waystar news, 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 value of $143,310.00. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul G. Moskowitz sold 5,652,689 shares of Waystar stock in a transaction on Monday, February 24th. The shares were sold at an average price of $38.60, for a total transaction of $218,193,795.40. Following the sale, the director now directly owns 22,327,728 shares of the company's stock, valued at $861,850,300.80. This trade represents a 20.20 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,356,171 shares of company stock valued at $526,733,651.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WAY. The Goldman Sachs Group boosted their price target on Waystar from $44.00 to $52.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Jefferies Financial Group began coverage on shares of Waystar in a research note on Tuesday, February 11th. They set a "buy" rating and a $51.00 target price for the company. Truist Financial began coverage on shares of Waystar in a research report on Friday, March 14th. They issued a "buy" rating and a $45.00 price target on the stock. Canaccord Genuity Group boosted their price objective on shares of Waystar from $42.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, February 24th. Finally, Barclays increased their price objective on shares of Waystar from $42.00 to $50.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Twelve equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $40.75.

Waystar Company Profile

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