Next Century Growth Investors LLC Increases Stake in Waystar Holding Corp. (NASDAQ:WAY)

Next Century Growth Investors LLC increased its position in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 202.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 326,592 shares of the company's stock after buying an additional 218,671 shares during the quarter. Next Century Growth Investors LLC owned about 0.19% of Waystar worth $11,986,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in WAY. JPMorgan Chase & Co. grew its holdings in shares of Waystar by 7.7% during the third 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 last quarter. M&T Bank Corp grew its stake in shares of Waystar by 116.6% in the 3rd 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 last quarter. Barclays PLC increased its holdings in shares of Waystar by 701.7% in the third quarter. Barclays PLC now owns 64,934 shares of the company's stock valued at $1,811,000 after purchasing an additional 56,834 shares during the period. State Street Corp purchased a new stake in shares of Waystar during the third quarter worth approximately $16,816,000. Finally, Jane Street Group LLC acquired a new stake in shares of Waystar during the third quarter worth $539,000.

Analyst Ratings Changes

WAY has been the topic of several recent research reports. Canaccord Genuity Group boosted their price objective on shares of Waystar from $42.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, February 24th. Bank of America boosted their price target on shares of Waystar from $36.00 to $43.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Truist Financial assumed coverage on shares of Waystar in a report on Friday, March 14th. They set a "buy" rating and a $45.00 price target for the company. The Goldman Sachs Group boosted their target price on Waystar from $44.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. Finally, Jefferies Financial Group initiated 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $40.33.

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Waystar Stock Performance

Shares of NASDAQ:WAY traded up $0.35 during midday trading on Tuesday, hitting $36.93. 957,860 shares of the stock were exchanged, compared to its average volume of 1,385,665. Waystar Holding Corp. has a twelve month low of $20.26 and a twelve month high of $48.11. The company has a 50 day moving average price of $39.40 and a 200-day moving average price of $35.20. The company has a current ratio of 2.55, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40.

Waystar (NASDAQ:WAY - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share (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 analyst estimates of $232.29 million. As a group, equities analysts expect that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.

Insider Activity at Waystar

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