American Century Companies Inc. Purchases Shares of 1,318,932 Waystar Holding Corp. (NASDAQ:WAY)

American Century Companies Inc. acquired a new position in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,318,932 shares of the company's stock, valued at approximately $28,357,000. American Century Companies Inc. owned approximately 0.79% of Waystar at the end of the most recent quarter.

Separately, Peregrine Capital Management LLC purchased a new position in shares of Waystar in the 2nd quarter worth about $9,010,000.

Analyst Ratings Changes

A number of research firms recently weighed in on WAY. Deutsche Bank Aktiengesellschaft boosted their target price on Waystar from $27.00 to $31.00 and gave the stock a "buy" rating in a research report on Wednesday, August 14th. Canaccord Genuity Group started coverage on shares of Waystar in a research note on Tuesday, July 2nd. They issued a "buy" rating and a $30.00 price objective for the company. The Goldman Sachs Group assumed coverage on Waystar in a report on Tuesday, July 2nd. They issued a "buy" rating and a $32.00 price objective on the stock. Evercore ISI increased their target price on Waystar from $25.00 to $27.00 and gave the company an "outperform" rating in a report on Thursday, August 8th. Finally, Bank of America assumed coverage on Waystar in a research note on Tuesday, July 2nd. They issued a "buy" rating and a $27.00 price target on the stock. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $28.90.

Waystar Stock Up 0.6 %

Shares of Waystar stock traded up $0.16 during midday trading on Thursday, reaching $27.01. 745,889 shares of the company's stock traded hands, compared to its average volume of 802,200. The company's 50 day moving average is $24.86. Waystar Holding Corp. has a 12 month low of $20.26 and a 12 month high of $28.57.

Waystar (NASDAQ:WAY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.05. The business had revenue of $234.50 million for the quarter, compared to the consensus estimate of $216.25 million. During the same period in the previous year, the firm earned ($0.07) EPS. The company's revenue was up 19.6% on a year-over-year basis. On average, research analysts anticipate that Waystar Holding Corp. will post -0.08 earnings per share for the current year.

Waystar Company Profile

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