EAM Global Investors LLC Takes Position in Waystar Holding Corp. (NASDAQ:WAY)

EAM Global Investors LLC bought a new position in Waystar Holding Corp. (NASDAQ:WAY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 130,918 shares of the company's stock, valued at approximately $4,805,000. EAM Global Investors LLC owned about 0.08% of Waystar as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in Waystar by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company's stock worth $37,531,000 after purchasing an additional 96,552 shares during the last quarter. Barclays PLC grew its position in Waystar by 701.7% during the third quarter. Barclays PLC now owns 64,934 shares of the company's stock valued at $1,811,000 after buying an additional 56,834 shares during the period. State Street Corp purchased a new stake in Waystar during the third quarter worth about $16,816,000. Jane Street Group LLC bought a new stake in Waystar in the third quarter worth about $539,000. Finally, Raymond James Financial Inc. purchased a new position in Waystar in the fourth quarter valued at about $1,504,000.

Insider Activity

In other Waystar news, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $40.00, for a total transaction of $300,686,720.00. Following the completion of the transaction, the insider now owns 29,692,286 shares of the company's stock, valued at $1,187,691,440. This represents a 20.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul G. Moskowitz sold 5,652,689 shares of Waystar stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $38.60, for a total value of $218,193,795.40. Following the completion of the sale, the director now owns 22,327,728 shares in the company, valued at approximately $861,850,300.80. This 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 sold 13,411,461 shares of company stock valued at $528,743,995.

Waystar Stock Down 4.1 %

Shares of NASDAQ WAY traded down $1.48 during mid-day trading on Monday, reaching $34.97. 113,398 shares of the company were exchanged, compared to its average volume of 1,378,718. 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 Holding Corp. has a 52 week low of $20.26 and a 52 week high of $48.11. The company's 50 day moving average price is $39.02 and its 200 day moving average price is $35.46.

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 analysts' consensus estimates of $0.15 by $0.11. The firm had revenue of $244.10 million for 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 fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on WAY. Jefferies Financial Group began coverage on shares of Waystar in a report on Tuesday, February 11th. They issued a "buy" rating and a $51.00 price target on the stock. Canaccord Genuity Group boosted their target price on Waystar from $42.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, February 24th. Truist Financial began coverage on Waystar in a report on Friday, March 14th. They issued a "buy" rating and a $45.00 price objective for the company. The Goldman Sachs Group lifted their target price on shares of Waystar from $44.00 to $52.00 and gave the stock a "buy" rating in a research note on Wednesday, February 19th. Finally, 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. Twelve research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Waystar currently has an average rating of "Buy" and a consensus price target of $40.33.

About Waystar

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