Waystar Holding Corp. (NASDAQ:WAY) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 26.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,991,336 shares of the company's stock after buying an additional 1,054,180 shares during the quarter. Vanguard Group Inc. owned approximately 2.90% of Waystar worth $183,182,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. acquired a new position in Waystar in the third quarter worth about $10,224,000. The Manufacturers Life Insurance Company bought a new position in Waystar during the 3rd quarter worth approximately $526,000. FMR LLC acquired a new position in shares of Waystar in the 3rd quarter worth approximately $1,421,000. BNP Paribas Financial Markets bought a new stake in shares of Waystar in the 3rd quarter valued at approximately $1,006,000. Finally, MetLife Investment Management LLC acquired a new stake in shares of Waystar during the 3rd quarter valued at approximately $692,000.

Waystar Stock Performance

Shares of WAY traded up $1.04 during mid-day trading on Friday, reaching $37.27. 1,275,625 shares of the company's stock traded hands, compared to its average volume of 1,388,776. 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's 50-day moving average price is $39.51 and its 200-day moving average price is $35.09. Waystar Holding Corp. has a 12 month low of $20.26 and a 12 month high of $48.11.

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Waystar (NASDAQ:WAY - Get Free Report) last announced its 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 business had revenue of $244.10 million for the quarter, compared to the consensus estimate of $232.29 million. Equities research analysts forecast that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Insider Activity at Waystar

In other news, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of the business's stock in a transaction on 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 sale, the insider now owns 29,692,286 shares of the company's stock, valued at approximately $1,187,691,440. The trade was a 20.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $42.15, for a total value of $143,310.00. Following the completion of the sale, the chief marketing officer now owns 43,478 shares of the company's stock, valued at approximately $1,832,597.70. This trade represents a 7.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,356,171 shares of company stock worth $526,733,651 over the last ninety days.

Analyst Upgrades and Downgrades

WAY has been the subject of a number of research reports. Canaccord Genuity Group lifted their price objective on shares of Waystar from $42.00 to $50.00 and gave the stock a "buy" rating in a report on Monday, February 24th. Bank of America lifted 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 increased their price objective on shares of Waystar from $42.00 to $50.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Truist Financial started coverage on shares of Waystar in a report on Friday, March 14th. They issued a "buy" rating and a $45.00 target price on the stock. Finally, Jefferies Financial Group initiated coverage on Waystar in a 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 given a strong buy rating to the stock. According to MarketBeat.com, Waystar currently has an average rating of "Buy" and a consensus price target of $40.75.

Waystar Company Profile

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