Swiss National Bank Purchases Shares of 82,000 Waystar Holding Corp. (NASDAQ:WAY)

Swiss National Bank bought 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 SEC. The fund bought 82,000 shares of the company's stock, valued at approximately $3,009,000.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of Waystar by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company's stock worth $37,531,000 after purchasing an additional 96,552 shares during the last quarter. M&T Bank Corp increased its position in Waystar by 116.6% during the third quarter. M&T Bank Corp now owns 63,746 shares of the company's stock worth $1,778,000 after buying an additional 34,316 shares during the last quarter. Barclays PLC raised its holdings in Waystar by 701.7% during the third quarter. Barclays PLC now owns 64,934 shares of the company's stock valued at $1,811,000 after buying an additional 56,834 shares in the last quarter. State Street Corp acquired a new position in Waystar in the 3rd quarter valued at $16,816,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in Waystar during the 3rd quarter valued at approximately $10,224,000.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price objective on shares of Waystar from $44.00 to $52.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. Barclays upped their target price on shares of Waystar from $42.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Canaccord Genuity Group boosted their price objective on shares of Waystar from $42.00 to $50.00 and gave the stock a "buy" rating in a research report on Monday, February 24th. Bank of America increased their price objective on Waystar from $36.00 to $43.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Finally, Truist Financial began coverage on Waystar in a research note on Friday, March 14th. They set a "buy" rating and a $45.00 price target on the stock. Twelve investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $40.75.

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Insider Activity at Waystar

In other news, insider T. Craig Bridge sold 182,914 shares of the company'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 in the company, valued at $21,903,584.70. This represents a 26.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $42.15, for a total transaction of $143,310.00. Following the completion of the transaction, the chief marketing officer now 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 disclosure for this sale can be found here. Insiders have sold 13,356,171 shares of company stock worth $526,733,651 in the last quarter.

Waystar Stock Down 1.8 %

WAY stock traded down $0.71 during trading on Friday, reaching $37.83. 2,281,478 shares of the company were exchanged, compared to its average volume of 1,367,869. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.55 and a quick ratio of 2.29. The company has a 50-day moving average of $40.22 and a two-hundred day moving average of $34.34. Waystar Holding Corp. has a twelve month low of $20.26 and a twelve 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.11. The business had revenue of $244.10 million for the quarter, compared to the consensus estimate of $232.29 million. On average, equities analysts anticipate that Waystar Holding Corp. will post 0.39 EPS for the current year.

Waystar Company Profile

Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.