California State Teachers Retirement System Increases Stock Holdings in Waystar Holding Corp. (NASDAQ:WAY)

California State Teachers Retirement System lifted its stake in Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 1,137.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,066 shares of the company's stock after buying an additional 35,910 shares during the quarter. California State Teachers Retirement System's holdings in Waystar were worth $1,434,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new stake in Waystar during the 4th quarter valued at approximately $25,000. Mark Sheptoff Financial Planning LLC purchased a new stake in Waystar in the 4th quarter worth $48,000. Gen Wealth Partners Inc bought a new position in shares of Waystar during the 4th quarter valued at about $92,000. RiverPark Advisors LLC boosted its holdings in shares of Waystar by 25.5% during 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 last quarter. Finally, Pictet Asset Management Holding SA purchased a new position in shares of Waystar during the fourth quarter valued at about $237,000.

Insider Buying and Selling at Waystar

In related news, Director Paul G. Moskowitz sold 3,012,253 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $37.39, for a total transaction of $112,628,139.67. Following the sale, the director now directly owns 18,742,283 shares of the company's stock, valued at $700,773,961.37. This trade represents a 13.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Christopher L. Schremser sold 8,623 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $40.58, for a total value of $349,921.34. Following the transaction, the chief technology officer now directly owns 438,044 shares of the company's stock, valued at $17,775,825.52. The trade was a 1.93% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,664,620 shares of company stock worth $324,520,903. 4.10% of the stock is owned by insiders.

Waystar Stock Down 2.3%

WAY traded down $0.94 on Thursday, hitting $39.57. The company had a trading volume of 1,527,738 shares, compared to its average volume of 1,375,009. The stock has a market capitalization of $6.85 billion and a price-to-earnings ratio of 439.67. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.55. The stock has a fifty day moving average price of $38.46 and a 200-day moving average price of $38.03. 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 posted its earnings results on Wednesday, April 30th. The company reported $0.32 EPS for the quarter, meeting analysts' consensus estimates of $0.32. The firm had revenue of $256.44 million for the quarter, compared to analysts' expectations of $248.47 million. Waystar's revenue for the quarter was up 14.1% compared to the same quarter last year. Analysts predict that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on WAY shares. 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 research note on Wednesday, February 19th. Truist Financial set a $50.00 price target on shares of Waystar and gave the company a "buy" rating in a research note on Wednesday, May 7th. Canaccord Genuity Group cut their target price on Waystar from $50.00 to $47.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. TD Cowen raised shares of Waystar to a "strong-buy" rating in a research note on Thursday, June 5th. Finally, Barclays reduced their target price 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. Twelve research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Waystar presently has an average rating of "Buy" and an average price target of $40.50.

Waystar Profile

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