Holocene Advisors LP Sells 1,329,011 Shares of Waystar Holding Corp. (NASDAQ:WAY)

Holocene Advisors LP trimmed its stake in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 63.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 773,588 shares of the company's stock after selling 1,329,011 shares during the quarter. Holocene Advisors LP owned about 0.45% of Waystar worth $21,575,000 as of its most recent SEC filing.

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

Waystar Stock Down 3.9 %

NASDAQ:WAY traded down $1.19 on Tuesday, hitting $29.69. The stock had a trading volume of 1,219,590 shares, compared to its average volume of 1,180,769. The company's fifty day moving average price is $28.86. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.29. Waystar Holding Corp. has a 52 week low of $20.26 and a 52 week high of $33.25.

Waystar (NASDAQ:WAY - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $240.10 million during the quarter, compared to the consensus estimate of $223.82 million. The company's quarterly revenue was up 21.7% compared to the same quarter last year. As a group, research analysts forecast that Waystar Holding Corp. will post 0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on WAY shares. Canaccord Genuity Group increased their price target on Waystar from $30.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Bank of America increased their price target on Waystar from $27.00 to $32.00 and gave the company a "buy" rating in a research note on Monday, October 14th. JPMorgan Chase & Co. increased their price target on Waystar from $24.00 to $27.00 and gave the company an "overweight" rating in a research note on Monday, August 19th. Deutsche Bank Aktiengesellschaft increased their price target on Waystar from $27.00 to $31.00 and gave the company a "buy" rating in a research note on Wednesday, August 14th. Finally, Evercore ISI increased their price target on Waystar from $32.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Ten analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $32.90.

Waystar Profile

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