Raymond James Financial Inc. acquired a new position in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 40,973 shares of the company's stock, valued at approximately $1,504,000.
A number of other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. bought a new position in shares of Waystar during the 3rd quarter valued at $10,224,000. Cerity Partners LLC raised its holdings in Waystar by 1.5% during the third quarter. Cerity Partners LLC now owns 46,699 shares of the company's stock valued at $1,302,000 after buying an additional 699 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Waystar in the third quarter worth about $526,000. FMR LLC bought a new stake in shares of Waystar during the 3rd quarter worth about $1,421,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of Waystar during the 3rd quarter valued at about $1,006,000.
Waystar Trading Down 5.5 %
WAY traded down $2.04 during midday trading on Friday, reaching $34.93. 1,740,987 shares of the company's stock were exchanged, compared to its average volume of 1,384,562. 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 business has a 50-day simple moving average of $40.07 and a two-hundred day simple moving average of $34.64. 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 announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.15 by $0.11. The company had revenue of $244.10 million during the quarter, compared to analyst estimates of $232.29 million. Research analysts predict that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms recently issued reports on WAY. Truist Financial began coverage on shares of Waystar in a report on Friday, March 14th. They set a "buy" rating and a $45.00 price objective for the company. Bank of America upped their price target 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 boosted their price objective on Waystar from $42.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. The Goldman Sachs Group increased their price objective on Waystar from $44.00 to $52.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Finally, Jefferies Financial Group began coverage on shares of Waystar in a research report on Tuesday, February 11th. They set a "buy" rating and a $51.00 target price on the stock. Twelve analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $40.75.
Get Our Latest Research Report on Waystar
Insider Transactions at Waystar
In other Waystar news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the business's 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 transaction, the chief marketing officer now owns 43,478 shares of the company's stock, valued at approximately $1,832,597.70. The trade was a 7.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider T. Craig Bridge sold 182,914 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $42.15, for a total value of $7,709,825.10. Following the completion of the sale, the insider now owns 519,658 shares of the company's stock, valued at approximately $21,903,584.70. This trade represents a 26.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,356,171 shares of company stock valued at $526,733,651.
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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