Charles Schwab Investment Management Inc. grew its holdings in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 377,710 shares of the company's stock after acquiring an additional 11,117 shares during the period. Charles Schwab Investment Management Inc. owned about 0.22% of Waystar worth $13,862,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. ArrowMark Colorado Holdings LLC increased its stake in shares of Waystar by 36.5% in the third quarter. ArrowMark Colorado Holdings LLC now owns 3,402,294 shares of the company's stock valued at $94,890,000 after purchasing an additional 909,715 shares during the period. JPMorgan Chase & Co. grew its position in Waystar by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company's stock valued at $37,531,000 after buying an additional 96,552 shares in the last quarter. Jennison Associates LLC raised its position in shares of Waystar by 4.3% during the 3rd quarter. Jennison Associates LLC now owns 1,129,164 shares of the company's stock worth $31,492,000 after buying an additional 46,264 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Waystar by 697.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,101,424 shares of the company's stock worth $30,724,000 after acquiring an additional 963,316 shares during the period. Finally, State Street Corp acquired a new stake in shares of Waystar in the 3rd quarter worth approximately $16,816,000.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. Truist Financial assumed coverage on Waystar in a research report on Friday, March 14th. They set a "buy" rating and a $45.00 price target on the stock. Bank of America upped 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. Jefferies Financial Group started coverage on shares of Waystar in a research note on Tuesday, February 11th. They issued a "buy" rating and a $51.00 price objective on the stock. Canaccord Genuity Group increased their target price on shares of Waystar from $42.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, February 24th. Finally, Barclays lifted their price target on shares of Waystar from $42.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Twelve research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $40.75.
Check Out Our Latest Report on Waystar
Insider Transactions at Waystar
In other news, insider T. Craig Bridge sold 182,914 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $42.15, for a total value of $7,709,825.10. Following the completion of the sale, the insider now directly owns 519,658 shares in the company, valued at approximately $21,903,584.70. This trade represents a 26.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Paul G. Moskowitz sold 5,652,689 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $38.60, for a total transaction of $218,193,795.40. Following the completion of the transaction, the director now directly owns 22,327,728 shares of the company's stock, valued at approximately $861,850,300.80. This represents a 20.20 % decrease in their ownership of the stock. 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.
Waystar Price Performance
WAY stock traded down $0.08 on Tuesday, reaching $38.91. 1,028,892 shares of the company were exchanged, compared to its average volume of 1,331,517. The company has a current ratio of 2.55, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. Waystar Holding Corp. has a 12 month low of $20.26 and a 12 month high of $48.11. The stock's fifty day moving average price is $40.15 and its 200 day moving average price is $34.07.
Waystar (NASDAQ:WAY - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported $0.26 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. As a group, equities analysts anticipate that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.
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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