Norges Bank acquired a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,253,050 shares of the company's stock, valued at approximately $119,387,000. Norges Bank owned approximately 1.89% of Waystar as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Waystar by 26.8% in 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 in the last quarter. ArrowMark Colorado Holdings LLC boosted its stake in shares of Waystar by 36.5% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 3,402,294 shares of the company's stock worth $94,890,000 after acquiring an additional 909,715 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Waystar by 0.4% during the 4th quarter. American Century Companies Inc. now owns 1,476,236 shares of the company's stock valued at $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 last quarter. Finally, Geode Capital Management LLC grew its stake in Waystar by 697.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,101,424 shares of the company's stock valued at $30,724,000 after buying an additional 963,316 shares during the last quarter.
Waystar Stock Performance
Shares of Waystar stock traded down $2.04 on Friday, hitting $34.93. 1,740,987 shares of the company's stock traded hands, compared to its average volume of 1,384,562. The firm's 50-day moving average price is $40.07 and its two-hundred day moving average price is $34.69. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.55. Waystar Holding Corp. has a one year low of $20.26 and a one year high of $48.11.
Waystar (NASDAQ:WAY - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.11. The company had revenue of $244.10 million during the quarter, compared to the consensus estimate of $232.29 million. Equities analysts anticipate that Waystar Holding Corp. will post 0.39 earnings per share for the current year.
Insider Activity at Waystar
In related news, insider T. Craig Bridge sold 182,914 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $42.15, for a total value of $7,709,825.10. Following the completion of the transaction, the insider now directly owns 519,658 shares in the company, valued at approximately $21,903,584.70. The trade was a 26.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $42.15, for a total transaction of $143,310.00. Following the sale, the chief marketing officer now owns 43,478 shares in the company, valued at $1,832,597.70. This trade represents a 7.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,356,171 shares of company stock worth $526,733,651.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on WAY. Canaccord Genuity Group upped their price target on Waystar from $42.00 to $50.00 and gave the stock a "buy" rating in a report on Monday, February 24th. Truist Financial began coverage on Waystar in a report on Friday, March 14th. They set a "buy" rating and a $45.00 price objective on the stock. Barclays increased their price objective on Waystar from $42.00 to $50.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Bank of America boosted their price target on shares of Waystar from $36.00 to $43.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Finally, Jefferies Financial Group assumed coverage on Waystar in a report on Tuesday, February 11th. They issued a "buy" rating and a $51.00 price target for the company. Twelve investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Waystar presently has a consensus rating of "Buy" and an average target price of $40.75.
Read Our Latest Report on WAY
About Waystar
(
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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