Victory Capital Management Inc. purchased a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 65,845 shares of the company's stock, valued at approximately $2,417,000.
Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Waystar by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company's stock valued at $37,531,000 after acquiring an additional 96,552 shares during the last quarter. M&T Bank Corp increased its stake in shares of Waystar by 116.6% during the 3rd quarter. M&T Bank Corp now owns 63,746 shares of the company's stock worth $1,778,000 after purchasing an additional 34,316 shares during the last quarter. Barclays PLC increased its stake 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 purchasing an additional 56,834 shares during the last quarter. State Street Corp purchased a new stake in shares of Waystar during the 3rd quarter worth approximately $16,816,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in shares of Waystar during the 3rd quarter worth approximately $10,224,000.
Waystar Stock Up 1.4 %
NASDAQ:WAY traded up $0.50 during trading hours on Tuesday, reaching $37.05. The company's stock had a trading volume of 658,137 shares, compared to its average volume of 1,306,924. The firm has a 50-day simple moving average of $40.11 and a 200-day simple moving average of $33.69. 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 current ratio of 2.55 and a quick ratio of 2.29.
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 the consensus estimate of $0.15 by $0.11. The company had revenue of $244.10 million for the quarter, compared to analysts' expectations of $232.29 million. As a group, analysts forecast that Waystar Holding Corp. will post 0.39 earnings per share for the current year.
Analyst Ratings Changes
Several research firms recently commented on WAY. Barclays raised their price objective on shares of Waystar from $42.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Canaccord Genuity Group raised 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. Raymond James raised shares of Waystar from an "outperform" rating to a "strong-buy" rating and set a $40.00 price objective for the company in a report on Friday, November 22nd. Truist Financial began coverage on shares of Waystar in a report on Friday. They issued a "buy" rating and a $45.00 price target for the company. Finally, The Goldman Sachs Group raised their price target on shares of Waystar from $44.00 to $52.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Twelve investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $40.75.
Check Out Our Latest Analysis on Waystar
Insider Transactions at Waystar
In other news, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of the stock in a transaction 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 sale, the insider now directly owns 29,692,286 shares of the company's stock, valued at $1,187,691,440. This represents a 20.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul G. Moskowitz sold 5,652,689 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $38.60, for a total transaction of $218,193,795.40. Following the completion of the sale, the director now directly owns 22,327,728 shares of the company's stock, valued at approximately $861,850,300.80. This trade represents a 20.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,356,171 shares of company stock worth $526,733,651.
Waystar Company 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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