CHURCHILL MANAGEMENT Corp acquired a new position in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 51,920 shares of the company's stock, valued at approximately $1,905,000.
A number of other large investors have also recently bought and sold shares of WAY. M&T Bank Corp raised its holdings in shares of Waystar by 116.6% during the 3rd quarter. M&T Bank Corp now owns 63,746 shares of the company's stock worth $1,778,000 after buying an additional 34,316 shares in the last quarter. JPMorgan Chase & Co. grew its position in Waystar by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company's stock valued at $37,531,000 after acquiring an additional 96,552 shares during the last quarter. Ghisallo Capital Management LLC acquired a new position in Waystar during the second quarter worth about $12,900,000. Barclays PLC raised its stake in Waystar by 701.7% during the third quarter. Barclays PLC now owns 64,934 shares of the company's stock worth $1,811,000 after acquiring an additional 56,834 shares in the last quarter. Finally, State Street Corp bought a new position in shares of Waystar in the third quarter worth about $16,816,000.
Insider Transactions at Waystar
In related news, CFO Steven M. Oreskovich sold 16,666 shares of the company's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $33.89, for a total transaction of $564,810.74. Following the sale, the chief financial officer now owns 173,642 shares in the company, valued at $5,884,727.38. This represents a 8.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Waystar Stock Performance
Shares of WAY stock traded up $0.11 on Friday, hitting $37.47. The company had a trading volume of 919,622 shares, compared to its average volume of 1,052,338. Waystar Holding Corp. has a twelve month low of $20.26 and a twelve 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. The stock's 50-day moving average is $33.99 and its two-hundred day moving average is $28.59.
Waystar (NASDAQ:WAY - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. The company had revenue of $240.10 million during the quarter, compared to the consensus estimate of $223.82 million. The company's revenue 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 year.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on WAY shares. The Goldman Sachs Group lifted their price target on shares of Waystar from $39.00 to $44.00 and gave the company a "buy" rating in a report on Tuesday. Royal Bank of Canada upped their price target on shares of Waystar from $31.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Raymond James upgraded Waystar from an "outperform" rating to a "strong-buy" rating and set a $40.00 price target for the company in a research note on Friday, November 22nd. Bank of America boosted their price objective on Waystar from $36.00 to $43.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Finally, Canaccord Genuity Group increased their target price on Waystar from $36.00 to $42.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Waystar has an average rating of "Buy" and a consensus price target of $35.10.
View Our Latest Stock Report on WAY
About Waystar
(
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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