Kennedy Capital Management LLC Boosts Holdings in Waystar Holding Corp. (NASDAQ:WAY)

Kennedy Capital Management LLC grew its stake in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 14.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 205,639 shares of the company's stock after purchasing an additional 26,023 shares during the quarter. Kennedy Capital Management LLC owned about 0.12% of Waystar worth $7,547,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of WAY. Global Retirement Partners LLC acquired a new position in shares of Waystar in the 4th quarter valued at approximately $25,000. Mark Sheptoff Financial Planning LLC bought a new position in Waystar in the 4th quarter valued at $48,000. Pictet Asset Management Holding SA purchased a new stake in Waystar in the 4th quarter worth about $237,000. Dakota Wealth Management purchased a new position in Waystar during the fourth quarter valued at approximately $264,000. Finally, Stifel Financial Corp bought a new position in Waystar in the third quarter valued at $204,000.

Waystar Stock Performance

WAY stock traded up $0.35 during mid-day trading on Tuesday, hitting $36.93. The stock had a trading volume of 957,860 shares, compared to its average volume of 1,385,359. The company has a fifty day moving average of $39.40 and a 200 day moving average of $35.20. 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.

Waystar (NASDAQ:WAY - Get Free Report) last announced 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 business had revenue of $244.10 million during the quarter, compared to analyst estimates of $232.29 million. As a group, sell-side analysts expect that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.

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Analyst Ratings Changes

A number of research analysts have recently commented on WAY shares. Truist Financial began coverage on Waystar in a research note on Friday, March 14th. They issued a "buy" rating and a $45.00 target price for the company. Bank of America increased their target price on Waystar from $36.00 to $43.00 and gave the company a "buy" rating in a report on Monday, January 6th. The Goldman Sachs Group upped their price target on shares of Waystar from $44.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. Barclays decreased their price objective on Waystar from $50.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday. Finally, Canaccord Genuity Group upped their price target on shares of Waystar from $42.00 to $50.00 and gave the company a "buy" rating in a report on Monday, February 24th. Twelve investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Waystar has an average rating of "Buy" and an average price target of $40.33.

Insider Activity at Waystar

In other Waystar news, CMO Melissa F. (Missy) Miller sold 3,400 shares of Waystar stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $42.15, for a total value of $143,310.00. Following the transaction, the chief marketing officer now owns 43,478 shares in the company, valued at $1,832,597.70. The trade was a 7.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Paul G. Moskowitz sold 5,652,689 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $38.60, for a total transaction of $218,193,795.40. Following the completion of the transaction, the director now 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,411,461 shares of company stock worth $528,743,995.

Waystar Profile

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