Charles Schwab Investment Management Inc. Purchases Shares of 366,593 Waystar Holding Corp. (NASDAQ:WAY)

Charles Schwab Investment Management Inc. bought a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 366,593 shares of the company's stock, valued at approximately $10,224,000. Charles Schwab Investment Management Inc. owned 0.21% of Waystar as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of WAY. Amalgamated Bank bought a new position in Waystar in the third quarter valued at approximately $41,000. Smithfield Trust Co bought a new position in shares of Waystar in the 3rd quarter valued at $68,000. RiverPark Advisors LLC acquired a new position in shares of Waystar during the 3rd quarter worth $78,000. Cubist Systematic Strategies LLC bought a new stake in shares of Waystar during the 2nd quarter worth $145,000. Finally, Scientech Research LLC acquired a new stake in Waystar in the second quarter valued at about $289,000.

Analysts Set New Price Targets

Several research analysts have commented on WAY shares. The Goldman Sachs Group boosted their target price on Waystar from $34.00 to $39.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Evercore ISI increased their price objective on shares of Waystar from $32.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. boosted their target price on shares of Waystar from $24.00 to $27.00 and gave the stock an "overweight" rating in a research note on Monday, August 19th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Waystar from $27.00 to $31.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th. Finally, Royal Bank of Canada raised their price objective on Waystar from $31.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $32.90.

Waystar Trading Up 3.6 %

Shares of NASDAQ:WAY traded up $1.13 during trading on Tuesday, reaching $32.50. The stock had a trading volume of 647,824 shares, compared to its average volume of 910,557. Waystar Holding Corp. has a 52 week low of $20.26 and a 52 week high of $33.25. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.29. The business's fifty day moving average is $29.21.

Waystar (NASDAQ:WAY - Get Free Report) last issued its quarterly 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 business had revenue of $240.10 million for the quarter, compared to analyst estimates of $223.82 million. The company's quarterly revenue was up 21.7% on a year-over-year basis. Equities analysts expect that Waystar Holding Corp. will post 0.03 earnings per share for the current year.

Waystar Profile

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