Walleye Capital LLC Makes New $1.18 Million Investment in Waystar Holding Corp. (NASDAQ:WAY)

Walleye Capital LLC 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 Securities and Exchange Commission. The firm bought 32,154 shares of the company's stock, valued at approximately $1,180,000.

A number of other institutional investors and hedge funds have also made changes to their positions in WAY. Vanguard Group Inc. boosted its stake in Waystar by 26.8% in the 4th quarter. Vanguard Group Inc. now owns 4,991,336 shares of the company's stock worth $183,182,000 after purchasing an additional 1,054,180 shares in the last quarter. Norges Bank acquired a new stake in shares of Waystar during the fourth quarter worth about $119,387,000. American Century Companies Inc. boosted its position in Waystar by 0.4% in the fourth quarter. American Century Companies Inc. now owns 1,476,236 shares of the company's stock valued at $54,178,000 after buying an additional 6,409 shares during the last quarter. JPMorgan Chase & Co. increased 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 buying an additional 96,552 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Waystar by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 1,120,296 shares of the company's stock valued at $41,124,000 after acquiring an additional 18,872 shares during the last quarter.

Waystar Price Performance

NASDAQ WAY traded down $0.22 during trading hours on Friday, hitting $37.07. 191,623 shares of the company were exchanged, compared to its average volume of 1,375,745. The company has a 50 day moving average of $38.33 and a two-hundred day moving average of $35.60. Waystar Holding Corp. has a 52-week low of $20.26 and a 52-week 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 released its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.11. The business had revenue of $244.10 million during the quarter, compared to analysts' expectations of $232.29 million. As a group, research analysts predict that Waystar Holding Corp. will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

WAY has been the subject of a number of research reports. Canaccord Genuity Group boosted their target price on shares of Waystar from $42.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, February 24th. Truist Financial initiated coverage on Waystar in a research report on Friday, March 14th. They issued a "buy" rating and a $45.00 price objective on the stock. Bank of America boosted their target price on shares of Waystar from $36.00 to $43.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Barclays cut their price objective on shares of Waystar from $50.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Finally, Jefferies Financial Group assumed coverage on Waystar in a report on Tuesday, February 11th. They issued a "buy" rating and a $51.00 price target for the company. Twelve investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $40.33.

Insider Transactions at Waystar

In related news, CTO Christopher L. Schremser sold 8,623 shares of the firm's stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $36.36, for a total transaction of $313,532.28. Following the transaction, the chief technology officer now owns 438,044 shares of the company's stock, valued at $15,927,279.84. This trade represents a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Matthew J. Hawkins sold 46,667 shares of Waystar stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $36.36, for a total transaction of $1,696,812.12. Following the completion of the transaction, the chief executive officer now owns 500,000 shares in the company, valued at approximately $18,180,000. This trade represents a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,411,461 shares of company stock worth $528,743,995.

Waystar Company Profile

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