Bellevue Group AG Buys 7,696 Shares of Waystar Holding Corp. (NASDAQ:WAY)

Bellevue Group AG grew its stake in Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,898 shares of the company's stock after purchasing an additional 7,696 shares during the quarter. Bellevue Group AG owned approximately 0.09% of Waystar worth $5,795,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Global Retirement Partners LLC bought a new position in shares of Waystar during the 4th quarter worth approximately $25,000. Mark Sheptoff Financial Planning LLC bought a new stake in Waystar during the fourth quarter worth $48,000. RiverPark Advisors LLC grew its stake in Waystar by 25.5% in the 4th quarter. RiverPark Advisors LLC now owns 3,498 shares of the company's stock valued at $128,000 after purchasing an additional 710 shares during the period. Pictet Asset Management Holding SA purchased a new stake in shares of Waystar during the 4th quarter valued at $237,000. Finally, Dakota Wealth Management bought a new stake in shares of Waystar during the 4th quarter worth $264,000.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Bank of America raised their price objective on shares of Waystar from $36.00 to $43.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Barclays reduced their price objective on Waystar from $50.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Canaccord Genuity Group dropped their price target on Waystar from $50.00 to $47.00 and set a "buy" rating on the stock in a research report on Thursday. The Goldman Sachs Group lifted their price objective on Waystar from $44.00 to $52.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. Finally, Truist Financial began coverage on shares of Waystar in a report on Friday, March 14th. They set a "buy" rating and a $45.00 price objective on the stock. Twelve investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Waystar currently has a consensus rating of "Buy" and an average price target of $40.08.

Insider Buying and Selling at Waystar

In other Waystar news, Director Paul G. Moskowitz sold 5,652,689 shares of the company's 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 of the company's stock, valued at $861,850,300.80. This represents a 20.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of Waystar stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $42.15, for a total transaction of $143,310.00. Following the transaction, the chief marketing officer now directly owns 43,478 shares in the company, valued at $1,832,597.70. This trade represents a 7.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,411,461 shares of company stock worth $528,743,995 over the last three months.

Waystar Price Performance

Shares of NASDAQ:WAY opened at $40.68 on Friday. Waystar Holding Corp. has a one year low of $20.26 and a one year high of $48.11. The firm has a fifty day moving average price of $37.77 and a two-hundred day moving average price of $36.08. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.55 and a quick ratio of 2.29.

Waystar (NASDAQ:WAY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share for the quarter, hitting analysts' consensus estimates of $0.32. The business had revenue of $256.44 million during the quarter, compared to the consensus estimate of $248.47 million. The business's quarterly revenue was up 14.1% on a year-over-year basis. As a group, equities analysts anticipate that Waystar Holding Corp. will post 0.39 EPS for the current year.

Waystar Company Profile

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

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