Victory Capital Management Inc. purchased a new stake in Waystar Holding Corp. (NASDAQ:WAY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 65,845 shares of the company's stock, valued at approximately $2,417,000.
A number of other hedge funds have also made changes to their positions in WAY. Global Retirement Partners LLC purchased a new position in shares of Waystar in the fourth quarter valued at $25,000. Amalgamated Bank purchased a new position in shares of Waystar in the third quarter valued at $41,000. Smithfield Trust Co purchased a new position in shares of Waystar in the third quarter valued at $68,000. RiverPark Advisors LLC purchased a new position in shares of Waystar in the third quarter valued at $78,000. Finally, Stifel Financial Corp purchased a new position in shares of Waystar in the third quarter valued at $204,000.
Insider Activity
In other news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was 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 directly owns 43,478 shares in the company, valued at approximately $1,832,597.70. The trade was a 7.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of the business's 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 sale, the insider now owns 29,692,286 shares of the company's stock, valued at $1,187,691,440. This trade represents a 20.20 % 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 valued at $526,733,651 in the last three months.
Waystar Trading Up 0.2 %
Shares of NASDAQ WAY traded up $0.08 during midday trading on Monday, hitting $36.55. The stock had a trading volume of 1,464,655 shares, compared to its average volume of 1,302,621. 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 company has a fifty day moving average price of $40.13 and a 200 day moving average price of $33.62.
Waystar (NASDAQ:WAY - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $244.10 million during the quarter, compared to analyst estimates of $232.29 million. As a group, equities research analysts predict that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of analysts recently commented on the company. Raymond James upgraded Waystar from an "outperform" rating to a "strong-buy" rating and set a $40.00 price objective for the company in a research report on Friday, November 22nd. Jefferies Financial Group assumed coverage on Waystar in a research report on Tuesday, February 11th. They set a "buy" rating and a $51.00 price objective for the company. Canaccord Genuity Group lifted their price objective on 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 lifted their price objective on Waystar from $36.00 to $43.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Finally, Barclays lifted their price objective on Waystar from $42.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Twelve research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $40.75.
Check Out Our Latest Research Report on WAY
About Waystar
(
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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