Waystar Holding Corp. (NASDAQ:WAY) Shares Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. increased its holdings in Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 76.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,375 shares of the company's stock after buying an additional 63,326 shares during the period. Ameriprise Financial Inc. owned about 0.09% of Waystar worth $5,372,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Waystar during the fourth quarter worth $119,387,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Waystar during the fourth quarter worth $56,804,000. Vanguard Group Inc. increased its position in shares of Waystar by 26.8% during the fourth quarter. Vanguard Group Inc. now owns 4,991,336 shares of the company's stock worth $183,182,000 after purchasing an additional 1,054,180 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Waystar during the fourth quarter worth $27,987,000. Finally, Burkehill Global Management LP acquired a new position in shares of Waystar during the fourth quarter worth $23,855,000.

Insider Transactions at Waystar

In other news, major shareholder Canada Pension Plan Investment sold 4,111,357 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $37.39, for a total transaction of $153,723,638.23. Following the sale, the insider now directly owns 25,580,929 shares of the company's stock, valued at $956,470,935.31. This represents a 13.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Matthew J. Hawkins sold 197,847 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $38.53, for a total transaction of $7,623,044.91. Following the transaction, the chief executive officer now owns 764,131 shares of the company's stock, valued at approximately $29,441,967.43. This trade represents a 20.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,655,997 shares of company stock valued at $324,170,981 in the last ninety days. 4.10% of the stock is currently owned by corporate insiders.

Waystar Stock Performance

Shares of NASDAQ:WAY traded up $0.15 during trading on Thursday, hitting $38.56. 1,247,105 shares of the stock traded hands, compared to its average volume of 1,439,489. 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 company has a market cap of $6.67 billion and a price-to-earnings ratio of 428.44. The company has a fifty day moving average price of $37.96 and a two-hundred day moving average price of $37.44. Waystar Holding Corp. has a 52-week low of $20.26 and a 52-week high of $48.11.

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

Wall Street Analysts Forecast Growth

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

Waystar Profile

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