Bank of America Corp DE grew its position in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 263.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,104,189 shares of the company's stock after acquiring an additional 800,183 shares during the quarter. Bank of America Corp DE owned 0.64% of Waystar worth $40,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently modified their holdings of the company. Barclays PLC lifted its stake in shares of Waystar by 701.7% during the 3rd 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 in the last quarter. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Waystar during the fourth quarter valued at about $1,905,000. Perpetual Ltd bought a new position in shares of Waystar in the fourth quarter valued at approximately $558,000. Dakota Wealth Management bought a new stake in Waystar during the 4th quarter worth approximately $264,000. Finally, Entropy Technologies LP bought a new stake in Waystar during the fourth quarter valued at $289,000.
Analysts Set New Price Targets
A number of research analysts have commented on WAY shares. Barclays reduced their price target on shares of Waystar from $50.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Jefferies Financial Group started coverage on Waystar in a report on Tuesday, February 11th. They issued a "buy" rating and a $51.00 target price on the stock. Truist Financial set a $50.00 target price on Waystar and gave the company a "buy" rating in a research note on Wednesday, May 7th. Canaccord Genuity Group decreased their price target on Waystar from $50.00 to $47.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, The Goldman Sachs Group increased their price objective on Waystar from $44.00 to $52.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Twelve investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $40.50.
View Our Latest Stock Analysis on WAY
Insiders Place Their Bets
In other Waystar news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $39.19, for a total transaction of $133,246.00. Following the completion of the transaction, the chief marketing officer now owns 198,556 shares of the company's stock, valued at $7,781,409.64. This represents a 1.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider T. Craig Bridge sold 182,914 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $42.15, for a total value of $7,709,825.10. Following the completion of the sale, the insider now owns 519,658 shares in the company, valued at $21,903,584.70. This represents a 26.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,470,151 shares of company stock worth $531,042,240. Company insiders own 4.10% of the company's stock.
Waystar Stock Performance
Shares of WAY stock traded up $0.23 during mid-day trading on Monday, reaching $39.57. 3,466,543 shares of the company's stock traded hands, compared to its average volume of 1,437,993. 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 firm has a market capitalization of $6.85 billion and a PE ratio of 439.67. Waystar Holding Corp. has a 12 month low of $20.26 and a 12 month high of $48.11. The firm has a 50 day moving average price of $37.64 and a two-hundred day moving average price of $36.99.
Waystar (NASDAQ:WAY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.32 EPS for the quarter, hitting analysts' consensus estimates of $0.32. The company had revenue of $256.44 million during the quarter, compared to analysts' expectations of $248.47 million. The business's revenue for the quarter was up 14.1% compared to the same quarter last year. On average, research analysts forecast that Waystar Holding Corp. will post 0.39 EPS for the current year.
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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