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

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

Several other institutional investors and hedge funds also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Waystar in the 4th quarter worth approximately $1,309,000. Squarepoint Ops LLC boosted its holdings in Waystar by 0.8% in the 4th quarter. Squarepoint Ops LLC now owns 201,548 shares of the company's stock worth $7,397,000 after buying an additional 1,548 shares during the period. Two Sigma Advisers LP bought a new position in Waystar in the 4th quarter worth approximately $517,000. Two Sigma Investments LP boosted its holdings in Waystar by 652.1% in the 4th quarter. Two Sigma Investments LP now owns 150,186 shares of the company's stock worth $5,512,000 after buying an additional 130,218 shares during the period. Finally, Sig Brokerage LP bought a new position in Waystar in the 4th quarter worth approximately $1,015,000.

Insider Buying and Selling

In related news, CEO Matthew J. Hawkins sold 46,667 shares of Waystar stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $36.36, for a total value of $1,696,812.12. Following the transaction, the chief executive officer now owns 500,000 shares in the company, valued at $18,180,000. This trade represents a 8.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Christopher L. Schremser sold 8,623 shares of Waystar stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $40.58, for a total transaction of $349,921.34. Following the completion of the transaction, the chief technology officer now owns 438,044 shares in the company, valued at approximately $17,775,825.52. The trade was a 1.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,664,620 shares of company stock worth $324,520,903 in the last 90 days. 4.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. TD Cowen upgraded shares of Waystar to a "strong-buy" rating in a research note on Thursday, June 5th. The Goldman Sachs Group increased their target price 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. Jefferies Financial Group assumed coverage on shares of Waystar in a research note on Tuesday, February 11th. They issued a "buy" rating and a $51.00 target price on the stock. Barclays lowered 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. Finally, Truist Financial set a $50.00 target price on shares of Waystar and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Twelve investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Waystar has an average rating of "Buy" and a consensus price target of $40.50.

Waystar Price Performance

Shares of Waystar stock traded down $0.12 on Wednesday, hitting $40.51. 1,213,351 shares of the company traded hands, compared to its average volume of 1,374,397. The firm's 50-day simple moving average is $38.46 and its 200 day simple moving average is $38.03. The company has a current ratio of 2.55, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. The company has a market cap of $7.01 billion and a P/E ratio of 450.11. 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 quarterly earnings data on Wednesday, April 30th. The company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. The company had revenue of $256.44 million for the quarter, compared to analysts' expectations of $248.47 million. The business's quarterly revenue was up 14.1% on a year-over-year basis. Analysts expect that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

About Waystar

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