Fuller & Thaler Asset Management Inc. purchased a new position in Waystar Holding Corp. (NASDAQ:WAY - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,547,805 shares of the company's stock, valued at approximately $56,804,000. Fuller & Thaler Asset Management Inc. owned about 0.90% of Waystar as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of WAY. Global Retirement Partners LLC acquired a new stake in Waystar in the fourth quarter worth approximately $25,000. Russell Investments Group Ltd. lifted its position in Waystar by 1.8% in the fourth quarter. Russell Investments Group Ltd. now owns 54,096 shares of the company's stock worth $1,985,000 after purchasing an additional 964 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new stake in Waystar in the fourth quarter worth approximately $48,000. MetLife Investment Management LLC lifted its position in Waystar by 6.8% in the fourth quarter. MetLife Investment Management LLC now owns 26,493 shares of the company's stock worth $972,000 after purchasing an additional 1,678 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of Waystar by 3.4% during the 4th quarter. First Trust Advisors LP now owns 55,430 shares of the company's stock valued at $2,034,000 after acquiring an additional 1,842 shares during the last quarter.
Waystar Trading Up 1.1 %
Shares of WAY stock traded up $0.41 during trading hours on Tuesday, reaching $37.05. 518,153 shares of the company's stock were exchanged, compared to its average volume of 1,374,885. Waystar Holding Corp. has a fifty-two week low of $20.26 and a fifty-two week high of $48.11. The business has a fifty day moving average price of $38.02 and a 200-day moving average price of $35.83. The company has a quick ratio of 2.29, a current ratio of 2.55 and a debt-to-equity ratio of 0.40.
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. On average, equities analysts predict that Waystar Holding Corp. will post 0.39 earnings per share for the current year.
Insider Buying and Selling at Waystar
In other news, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of the stock in a transaction on 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 sale, the insider now owns 29,692,286 shares in the company, valued at approximately $1,187,691,440. This represents a 20.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider T. Craig Bridge sold 182,914 shares of the 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 sale, the insider now owns 519,658 shares in the company, valued at $21,903,584.70. The trade was a 26.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,411,461 shares of company stock worth $528,743,995 over the last three months.
Analyst Ratings Changes
A number of equities research analysts have recently commented on WAY shares. Barclays cut their price objective on Waystar from $50.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group increased their price objective on Waystar from $44.00 to $52.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Truist Financial initiated coverage on shares of Waystar in a research note on Friday, March 14th. They set a "buy" rating and a $45.00 target price on the stock. Jefferies Financial Group initiated coverage on shares of Waystar in a research note on Tuesday, February 11th. They set a "buy" rating and a $51.00 target price on the stock. Finally, Bank of America boosted their target price on shares of Waystar from $36.00 to $43.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Twelve research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $40.33.
Get Our Latest Analysis 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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