Barclays PLC grew its holdings in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 173.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 177,469 shares of the company's stock after purchasing an additional 112,535 shares during the period. Barclays PLC owned about 0.10% of Waystar worth $6,514,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new position in Waystar in the fourth quarter valued at approximately $25,000. Russell Investments Group Ltd. boosted its holdings in shares of Waystar by 1.8% in the fourth quarter. Russell Investments Group Ltd. now owns 54,096 shares of the company's stock valued at $1,985,000 after acquiring an additional 964 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in Waystar during the fourth quarter worth about $48,000. Invesco Ltd. boosted its holdings in Waystar by 10.1% during the fourth quarter. Invesco Ltd. now owns 22,160 shares of the company's stock worth $813,000 after buying an additional 2,036 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Waystar by 8.3% in the fourth quarter. Alliancebernstein L.P. now owns 48,230 shares of the company's stock valued at $1,770,000 after purchasing an additional 3,700 shares in the last quarter.
Analyst Ratings Changes
Several equities analysts recently issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Waystar from $44.00 to $52.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. Barclays lowered their target price on Waystar from $50.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Canaccord Genuity Group upped their price objective on Waystar from $42.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, February 24th. Jefferies Financial Group assumed coverage on Waystar in a research note on Tuesday, February 11th. They set a "buy" rating and a $51.00 price objective on the stock. Finally, Bank of America upped 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. 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.com, the company currently has an average rating of "Buy" and an average price target of $40.33.
Read Our Latest Analysis on Waystar
Insider Buying and Selling
In other Waystar news, insider T. Craig Bridge sold 182,914 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 of the company's stock, valued at approximately $21,903,584.70. This represents a 26.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 shares were sold at an average price of $40.00, for a total transaction of $300,686,720.00. Following the completion of the sale, the insider now directly owns 29,692,286 shares of the company's stock, valued at $1,187,691,440. The trade was a 20.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,411,461 shares of company stock valued at $528,743,995 over the last ninety days.
Waystar Stock Performance
NASDAQ:WAY traded up $0.14 during trading hours on Wednesday, reaching $37.17. The company had a trading volume of 1,857,330 shares, compared to its average volume of 1,381,578. The stock has a 50-day moving average of $37.84 and a two-hundred day moving average of $35.85. 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 one year low of $20.26 and a one year high of $48.11.
Waystar (NASDAQ:WAY - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.11. The company had revenue of $244.10 million during the quarter, compared to the consensus estimate of $232.29 million. As a group, research analysts predict that Waystar Holding Corp. will post 0.39 EPS for the current fiscal 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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