Quantbot Technologies LP bought a new position in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 44,205 shares of the company's stock, valued at approximately $1,622,000.
A number of other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Waystar by 697.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,101,424 shares of the company's stock worth $30,724,000 after buying an additional 963,316 shares during the period. ArrowMark Colorado Holdings LLC grew its holdings in Waystar by 36.5% in the third quarter. ArrowMark Colorado Holdings LLC now owns 3,402,294 shares of the company's stock worth $94,890,000 after purchasing an additional 909,715 shares during the period. Burkehill Global Management LP acquired a new stake in Waystar in the fourth quarter worth $23,855,000. State Street Corp acquired a new position in shares of Waystar during the third quarter valued at about $16,816,000. Finally, Charles Schwab Investment Management Inc. bought a new position in shares of Waystar during the 3rd quarter worth about $10,224,000.
Waystar Stock Performance
WAY stock traded down $0.71 during midday trading on Friday, hitting $37.83. The company's stock had a trading volume of 2,281,478 shares, compared to its average volume of 1,367,869. The company has a quick ratio of 2.29, a current ratio of 2.55 and a debt-to-equity ratio of 0.40. The stock's 50-day moving average price is $40.21 and its 200 day moving average price is $34.21. Waystar Holding Corp. has a 1 year low of $20.26 and a 1 year high of $48.11.
Waystar (NASDAQ:WAY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.11. The company had revenue of $244.10 million for the quarter, compared to the consensus estimate of $232.29 million. As a group, research analysts predict that Waystar Holding Corp. will post 0.39 earnings per share for the current year.
Insider Transactions at Waystar
In other news, CMO Melissa F. (Missy) Miller sold 3,400 shares of Waystar stock in a transaction on Friday, February 21st. The stock was sold at an average price of $42.15, for a total value of $143,310.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $40.00, for a total value of $300,686,720.00. Following the completion of the transaction, the insider now owns 29,692,286 shares of the company's stock, valued at approximately $1,187,691,440. This represents a 20.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,356,171 shares of company stock worth $526,733,651 in the last quarter.
Analyst Ratings Changes
WAY has been the subject of a number of research analyst reports. Truist Financial assumed coverage on Waystar in a research report on Friday, March 14th. They issued a "buy" rating and a $45.00 target price for the company. Barclays upped their target price on Waystar from $42.00 to $50.00 and gave the stock an "overweight" rating in a research report 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 note on Monday, January 6th. The Goldman Sachs Group lifted their price objective on shares of Waystar from $44.00 to $52.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Finally, Jefferies Financial Group started coverage on shares of Waystar in a research report on Tuesday, February 11th. They set a "buy" rating and a $51.00 target price for the company. Twelve research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $40.75.
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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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