EAM Investors LLC lessened its holdings in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 26.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 94,223 shares of the company's stock after selling 33,086 shares during the period. EAM Investors LLC owned 0.05% of Waystar worth $3,458,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in WAY. Vanguard Group Inc. increased its position in Waystar by 26.8% during the 4th quarter. Vanguard Group Inc. now owns 4,991,336 shares of the company's stock valued at $183,182,000 after purchasing an additional 1,054,180 shares during the period. Norges Bank bought a new position in shares of Waystar during the 4th quarter worth approximately $119,387,000. American Century Companies Inc. grew its position in shares of Waystar by 0.4% during the 4th quarter. American Century Companies Inc. now owns 1,476,236 shares of the company's stock worth $54,178,000 after buying an additional 6,409 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Waystar by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company's stock valued at $37,531,000 after acquiring an additional 96,552 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Waystar by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 1,120,296 shares of the company's stock valued at $41,124,000 after acquiring an additional 18,872 shares during the period.
Waystar Stock Performance
Shares of Waystar stock traded down $1.48 on Monday, hitting $34.97. 113,398 shares of the company traded hands, compared to its average volume of 1,378,718. Waystar Holding Corp. has a 12-month low of $20.26 and a 12-month high of $48.11. The firm's 50-day simple moving average is $39.02 and its 200 day simple moving average is $35.46. 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 (NASDAQ:WAY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.11. The firm had revenue of $244.10 million during the quarter, compared to analysts' expectations of $232.29 million. On average, analysts expect that Waystar Holding Corp. will post 0.39 EPS for the current year.
Insider Activity at Waystar
In other news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the 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 completion of the sale, the chief marketing officer now owns 43,478 shares of the company's stock, valued at approximately $1,832,597.70. This represents a 7.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of Waystar stock in a transaction 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 directly owns 29,692,286 shares in the company, valued at approximately $1,187,691,440. The trade was a 20.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,411,461 shares of company stock valued at $528,743,995.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on WAY shares. 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 report on Wednesday, February 19th. Canaccord Genuity Group upped their price target on Waystar from $42.00 to $50.00 and gave the stock a "buy" rating in a research note on Monday, February 24th. Barclays reduced their price objective on Waystar from $50.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Jefferies Financial Group assumed coverage on Waystar in a report on Tuesday, February 11th. They issued a "buy" rating and a $51.00 target price on the stock. Finally, Truist Financial began coverage on shares of Waystar in a research note on Friday, March 14th. They set a "buy" rating and a $45.00 price target for the company. Twelve research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Waystar presently has a consensus rating of "Buy" and a consensus target price of $40.33.
Read Our Latest Report on WAY
Waystar Company Profile
(
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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