106,200 Shares in Waystar Holding Corp. (NASDAQ:WAY) Acquired by Jump Financial LLC

Jump Financial LLC acquired a new stake in Waystar Holding Corp. (NASDAQ:WAY - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 106,200 shares of the company's stock, valued at approximately $3,898,000. Jump Financial LLC owned 0.06% of Waystar at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Waystar by 26.8% during the fourth quarter. Vanguard Group Inc. now owns 4,991,336 shares of the company's stock worth $183,182,000 after purchasing an additional 1,054,180 shares during the period. Norges Bank bought a new stake in shares of Waystar in the 4th quarter valued at about $119,387,000. American Century Companies Inc. boosted its stake in Waystar by 0.4% during the 4th quarter. American Century Companies Inc. now owns 1,476,236 shares of the company's stock worth $54,178,000 after acquiring an additional 6,409 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Waystar by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company's stock valued at $37,531,000 after purchasing an additional 96,552 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Waystar by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 1,120,296 shares of the company's stock worth $41,124,000 after purchasing an additional 18,872 shares during the period.

Insider Activity at Waystar

In other news, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of Waystar stock in a transaction dated 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 directly owns 29,692,286 shares of the company's stock, valued at approximately $1,187,691,440. This trade represents a 20.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Matthew J. Hawkins sold 46,667 shares of the business's stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $36.36, for a total transaction of $1,696,812.12. Following the sale, the chief executive officer now directly owns 500,000 shares in the company, valued at $18,180,000. The trade was a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,411,461 shares of company stock valued at $528,743,995 over the last ninety days.

Analysts Set New Price Targets

Several brokerages recently commented on WAY. Barclays dropped their price objective on Waystar from $50.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Jefferies Financial Group began coverage on shares of Waystar in a research report on Tuesday, February 11th. They set a "buy" rating and a $51.00 price target on the stock. The Goldman Sachs Group increased their price target on Waystar from $44.00 to $52.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Canaccord Genuity Group increased their price objective on Waystar from $42.00 to $50.00 and gave the company a "buy" rating in a report on Monday, February 24th. Finally, Bank of America upped their price target on shares of Waystar from $36.00 to $43.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Twelve research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Waystar presently has an average rating of "Buy" and an average target price of $40.33.

Waystar Stock Up 0.5 %

NASDAQ:WAY traded up $0.19 during trading hours on Tuesday, reaching $35.40. 164,827 shares of the company were exchanged, compared to its average volume of 1,376,784. 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 1-year low of $20.26 and a 1-year high of $48.11. The business has a 50 day moving average of $38.85 and a 200 day moving average of $35.52.

Waystar (NASDAQ:WAY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.11. The firm had revenue of $244.10 million for the quarter, compared to analyst estimates of $232.29 million. On average, equities research analysts anticipate that Waystar Holding Corp. will post 0.39 EPS 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.