Two Sigma Advisers LP Buys Shares of 14,100 Waystar Holding Corp. (NASDAQ:WAY)

Two Sigma Advisers LP bought a new stake in Waystar Holding Corp. (NASDAQ:WAY - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,100 shares of the company's stock, valued at approximately $517,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Global Retirement Partners LLC bought a new position in Waystar in the fourth quarter valued at about $25,000. Mark Sheptoff Financial Planning LLC bought a new position in Waystar in the fourth quarter valued at about $48,000. Gen Wealth Partners Inc bought a new position in Waystar in the fourth quarter valued at about $92,000. RiverPark Advisors LLC boosted its holdings in 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 during the last quarter. Finally, Pictet Asset Management Holding SA bought a new position in Waystar in the fourth quarter valued at about $237,000.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Jefferies Financial Group initiated coverage on Waystar in a report on Tuesday, February 11th. They set a "buy" rating and a $51.00 target price on the stock. Truist Financial set a $50.00 price objective on shares of Waystar and gave the stock a "buy" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group lifted their price objective on shares of Waystar from $44.00 to $52.00 and gave the stock a "buy" rating in a research note on Wednesday, February 19th. Canaccord Genuity Group reduced their price objective on shares of Waystar from $50.00 to $47.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, Barclays cut their price objective on Waystar from $50.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Twelve analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $40.50.

Waystar Stock Up 1.2%

Waystar stock traded up $0.48 during mid-day trading on Thursday, reaching $40.09. The stock had a trading volume of 2,213,038 shares, compared to its average volume of 1,443,176. 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 fifty-two week low of $20.26 and a fifty-two week high of $48.11. The stock's 50-day simple moving average is $38.07 and its 200-day simple moving average is $37.69. The firm has a market capitalization of $6.94 billion and a PE ratio of 445.44.

Waystar (NASDAQ:WAY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share for the quarter, meeting analysts' consensus estimates of $0.32. The company had revenue of $256.44 million during the quarter, compared to the consensus estimate of $248.47 million. The business's revenue was up 14.1% compared to the same quarter last year. On average, sell-side analysts forecast that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling

In other Waystar news, CTO Christopher L. Schremser sold 8,623 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $40.17, for a total value of $346,385.91. Following the sale, the chief technology officer now directly owns 438,044 shares in the company, valued at $17,596,227.48. The trade was a 1.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Canada Pension Plan Investment sold 4,111,357 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $37.39, for a total value of $153,723,638.23. Following the completion of the sale, the insider now owns 25,580,929 shares in the company, valued at approximately $956,470,935.31. The trade was a 13.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,655,997 shares of company stock worth $324,170,981. 4.10% of the stock is owned by company insiders.

Waystar Profile

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