Teacher Retirement System of Texas decreased its holdings in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 95.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,262 shares of the company's stock after selling 380,738 shares during the quarter. Teacher Retirement System of Texas' holdings in Waystar were worth $707,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of WAY. JPMorgan Chase & Co. lifted its holdings in Waystar by 7.7% in 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 raised its position in shares of Waystar by 116.6% in the third quarter. M&T Bank Corp now owns 63,746 shares of the company's stock valued at $1,778,000 after purchasing an additional 34,316 shares during the period. Barclays PLC boosted its holdings in shares of Waystar by 701.7% during the 3rd quarter. Barclays PLC now owns 64,934 shares of the company's stock worth $1,811,000 after buying an additional 56,834 shares during the period. State Street Corp bought a new stake in shares of Waystar during the 3rd quarter worth $16,816,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in Waystar in the 3rd quarter valued at $10,224,000.
Insider Buying and Selling at Waystar
In other news, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of Waystar stock in a transaction that occurred on Monday, February 24th. The shares were 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 in the company, valued at approximately $1,187,691,440. The trade was a 20.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $7,709,825.10. Following the sale, the insider now owns 519,658 shares in the company, valued at $21,903,584.70. The trade was a 26.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,356,171 shares of company stock worth $526,733,651 over the last three months.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on WAY shares. 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. Jefferies Financial Group started coverage on Waystar in a research note on Tuesday, February 11th. They set a "buy" rating and a $51.00 target price for the company. Barclays lifted their price target 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, Canaccord Genuity Group boosted their target price 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. Twelve analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $40.75.
Check Out Our Latest Stock Analysis on WAY
Waystar Stock Performance
Shares of WAY stock traded up $0.05 during mid-day trading on Wednesday, reaching $36.99. The company's stock had a trading volume of 624,848 shares, compared to its average volume of 1,377,398. The company has a current ratio of 2.55, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. The firm's 50-day moving average is $40.19 and its two-hundred day moving average is $34.55. 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 announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates 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. As a group, sell-side analysts forecast that Waystar Holding Corp. will post 0.39 EPS for the current year.
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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