Waystar Holding Corp. (NASDAQ:WAY) Holdings Reduced by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec cut its stake in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 11.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 172,212 shares of the company's stock after selling 22,788 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.10% of Waystar worth $6,320,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WAY. Global Retirement Partners LLC purchased a new stake in shares of Waystar in the 4th quarter worth about $25,000. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Waystar in the fourth quarter worth $48,000. RiverPark Advisors LLC lifted its position in shares of Waystar by 25.5% in the fourth quarter. RiverPark Advisors LLC now owns 3,498 shares of the company's stock valued at $128,000 after acquiring an additional 710 shares in the last quarter. Pictet Asset Management Holding SA acquired a new stake in shares of Waystar during the fourth quarter valued at $237,000. Finally, Dakota Wealth Management purchased a new stake in Waystar during the 4th quarter worth about $264,000.

Waystar Stock Down 0.9 %

Shares of WAY traded down $0.37 during mid-day trading on Friday, reaching $40.12. 513,867 shares of the stock traded hands, compared to its average volume of 1,909,643. The stock has a fifty day simple moving average of $37.61 and a 200 day simple moving average of $36.38. The company has a quick ratio of 2.29, a current ratio of 2.55 and a debt-to-equity ratio of 0.40. The firm has a market cap of $6.94 billion and a price-to-earnings ratio of 445.78. Waystar Holding Corp. has a 12-month low of $20.26 and a 12-month high of $48.11.

Waystar (NASDAQ:WAY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.32 earnings per share for the quarter, meeting analysts' consensus estimates of $0.32. The business had revenue of $256.44 million for the quarter, compared to analyst estimates of $248.47 million. The business's revenue was up 14.1% on a year-over-year basis. Sell-side analysts expect that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on WAY. Barclays decreased their price target on shares of Waystar from $50.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Canaccord Genuity Group reduced their price target on Waystar from $50.00 to $47.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Truist Financial set a $50.00 target price on Waystar and gave the company a "buy" rating in a research note on Wednesday. Jefferies Financial Group assumed coverage on Waystar in a research note on Tuesday, February 11th. They issued a "buy" rating and a $51.00 price target on the stock. Finally, 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. Twelve equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $40.50.

Insider Buying and Selling at Waystar

In related news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $42.15, for a total transaction of $143,310.00. Following the sale, the chief marketing officer now owns 43,478 shares in the company, valued at $1,832,597.70. This represents a 7.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of the business'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 value of $300,686,720.00. Following 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 disclosure for this sale can be found here. Insiders have sold 13,411,461 shares of company stock worth $528,743,995 in the last ninety days.

Waystar Profile

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