Rhumbline Advisers lowered its holdings in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 33.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,156 shares of the company's stock after selling 30,724 shares during the quarter. Rhumbline Advisers' holdings in Waystar were worth $2,208,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Cerity Partners LLC raised its holdings in Waystar by 1.5% during the 3rd 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 during the period. Amalgamated Bank bought a new position in Waystar during the third quarter valued at $41,000. Smithfield Trust Co purchased a new stake in shares of Waystar in the third quarter valued at $68,000. RiverPark Advisors LLC bought a new stake in shares of Waystar in the 3rd quarter worth about $78,000. Finally, Dakota Wealth Management purchased a new position in shares of Waystar during the 4th quarter worth about $264,000.
Wall Street Analyst Weigh In
WAY has been the subject of a number of research analyst reports. Jefferies Financial Group assumed coverage on Waystar in a research note on Tuesday, February 11th. They set a "buy" rating and a $51.00 price target for the company. Raymond James raised shares of Waystar from an "outperform" rating to a "strong-buy" rating and set a $40.00 target price for the company in a research note on Friday, November 22nd. Royal Bank of Canada raised their price target on shares of Waystar from $31.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. 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 report on Thursday, November 7th. Finally, Bank of America upped their target price on shares of Waystar from $36.00 to $43.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $40.36.
Check Out Our Latest Stock Report on Waystar
Waystar Price Performance
WAY stock traded down $3.56 during trading on Friday, hitting $37.11. 3,270,899 shares of the company's stock traded hands, compared to its average volume of 1,272,492. Waystar Holding Corp. has a 1 year low of $20.26 and a 1 year high of $48.11. 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 business has a fifty day simple moving average of $40.19 and a two-hundred day simple moving average of $33.11.
Waystar (NASDAQ:WAY - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share (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 analysts' expectations of $232.29 million. As a group, sell-side analysts predict that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.
Insider Buying and Selling at Waystar
In other news, insider T. Craig Bridge sold 182,914 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $42.15, for a total transaction of $7,709,825.10. Following the completion of the sale, the insider now owns 519,658 shares in the company, valued at approximately $21,903,584.70. This represents a 26.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Steven M. Oreskovich sold 16,666 shares of the firm's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $33.89, for a total value of $564,810.74. Following the completion of the sale, the chief financial officer now directly owns 173,642 shares of the company's stock, valued at $5,884,727.38. The trade was a 8.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,372,837 shares of company stock valued at $527,298,461.
Waystar 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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