New York State Common Retirement Fund reduced its holdings in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 381,455 shares of the company's stock after selling 16,629 shares during the quarter. New York State Common Retirement Fund owned approximately 0.22% of Waystar worth $13,999,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Amalgamated Bank purchased a new position in Waystar in the third quarter valued at approximately $41,000. Smithfield Trust Co purchased a new stake in Waystar in the third quarter worth $68,000. RiverPark Advisors LLC bought a new stake in shares of Waystar in the third quarter valued at $78,000. Stifel Financial Corp purchased a new position in shares of Waystar during the 3rd quarter valued at $204,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Waystar during the 3rd quarter worth $222,000.
Waystar Trading Up 0.2 %
Shares of WAY traded up $0.10 during trading hours on Thursday, reaching $42.45. 1,867,766 shares of the company's stock traded hands, compared to its average volume of 1,981,441. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.55. The firm's 50 day simple moving average is $39.55 and its 200-day simple moving average is $32.43. Waystar Holding Corp. has a 12 month low of $20.26 and a 12 month high of $48.11.
Waystar (NASDAQ:WAY - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.11. The company had revenue of $244.10 million during the quarter, compared to analysts' expectations of $232.29 million. Sell-side analysts expect that Waystar Holding Corp. will post 0.39 EPS for the current year.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. Bank of America upped their price objective on shares of Waystar from $36.00 to $43.00 and gave the company a "buy" rating in a report on Monday, January 6th. Barclays upped their price target on shares of Waystar from $42.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Evercore ISI lifted their price objective on shares of Waystar from $32.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Royal Bank of Canada increased their target price on Waystar from $31.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Finally, Canaccord Genuity Group lifted their price target on Waystar from $42.00 to $50.00 and gave the company a "buy" rating in a research report on Monday. Eleven equities 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, the company presently has a consensus rating of "Buy" and a consensus price target of $40.36.
Read Our Latest Analysis on WAY
Insider Activity at Waystar
In other news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $42.15, for a total value of $143,310.00. Following the completion of the sale, the chief marketing officer now directly owns 43,478 shares in the company, valued at approximately $1,832,597.70. The trade was a 7.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $40.00, for a total transaction of $300,686,720.00. Following the completion of the sale, the insider now directly owns 29,692,286 shares of the company's stock, valued at $1,187,691,440. This trade represents a 20.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,189,923 shares of company stock valued at $519,588,636 over the last 90 days.
Waystar Company Profile
(
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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