Healthcare of Ontario Pension Plan Trust Fund Acquires New Shares in Waystar Holding Corp. (NASDAQ:WAY)

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Waystar Holding Corp. (NASDAQ:WAY - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,300,000 shares of the company's stock, valued at approximately $27,950,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.78% of Waystar as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of WAY. Cubist Systematic Strategies LLC acquired a new stake in Waystar during the second quarter worth approximately $145,000. Scientech Research LLC acquired a new stake in shares of Waystar during the 2nd quarter worth approximately $289,000. Federated Hermes Inc. bought a new stake in shares of Waystar in the 2nd quarter valued at $430,000. Sculptor Capital LP acquired a new position in shares of Waystar during the 2nd quarter valued at $791,000. Finally, Point72 Asset Management L.P. bought a new position in Waystar during the second quarter worth $813,000.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WAY. Canaccord Genuity Group assumed coverage on shares of Waystar in a research note on Tuesday, July 2nd. They issued a "buy" rating and a $30.00 price target for the company. Canaccord Genuity Group began coverage on Waystar in a research note on Tuesday, July 2nd. They issued a "buy" rating and a $30.00 price objective for the company. William Blair began coverage on Waystar in a report on Tuesday, July 2nd. They set an "outperform" rating for the company. Evercore ISI increased their target price on Waystar from $25.00 to $27.00 and gave the stock an "outperform" rating in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Waystar from $24.00 to $27.00 and gave the company an "overweight" rating in a report on Monday, August 19th. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Waystar has a consensus rating of "Buy" and a consensus target price of $28.90.

Waystar Trading Up 0.9 %

WAY stock traded up $0.23 during trading on Friday, reaching $27.03. The stock had a trading volume of 257,409 shares, compared to its average volume of 895,774. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.15 and a current ratio of 2.15. Waystar Holding Corp. has a one year low of $20.26 and a one year high of $28.57. The stock has a 50 day moving average price of $25.89.

Waystar (NASDAQ:WAY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.05. The business had revenue of $234.50 million for the quarter, compared to analysts' expectations of $216.25 million. During the same period in the previous year, the business posted ($0.07) earnings per share. The business's revenue was up 19.6% compared to the same quarter last year. Research analysts anticipate that Waystar Holding Corp. will post -0.08 EPS for the current fiscal year.

Waystar Company Profile

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