D. E. Shaw & Co. Inc. Takes $1.32 Million Position in Waystar Holding Corp. (NASDAQ:WAY)

D. E. Shaw & Co. Inc. acquired a new position in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 35,945 shares of the company's stock, valued at approximately $1,319,000.

A number of other institutional investors have also recently bought and sold shares of WAY. Global Retirement Partners LLC acquired a new position in Waystar during the fourth quarter worth $25,000. Mark Sheptoff Financial Planning LLC bought a new position in shares of Waystar during the fourth quarter worth approximately $48,000. RiverPark Advisors LLC lifted its position 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 acquiring an additional 710 shares during the period. Pictet Asset Management Holding SA acquired a new stake in Waystar during the fourth quarter worth about $237,000. Finally, Dakota Wealth Management acquired a new position in Waystar during the fourth quarter valued at approximately $264,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Canaccord Genuity Group lowered their price objective on shares of Waystar from $50.00 to $47.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Jefferies Financial Group started coverage on shares of Waystar in a research report on Tuesday, February 11th. They issued a "buy" rating and a $51.00 price target on the stock. The Goldman Sachs Group boosted their price target on Waystar from $44.00 to $52.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. Truist Financial set a $50.00 target price on Waystar and gave the company a "buy" rating in a research report on Wednesday, May 7th. Finally, Barclays decreased their target price on shares of Waystar from $50.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Twelve research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $40.50.

Waystar Trading Down 1.7%

NASDAQ:WAY traded down $0.67 during mid-day trading on Wednesday, hitting $38.44. 51,998 shares of the stock traded hands, compared to its average volume of 1,435,997. The firm's 50 day moving average is $37.95 and its two-hundred day moving average is $37.39. 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 stock has a market capitalization of $6.65 billion and a price-to-earnings ratio of 427.22. 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 announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. The business had revenue of $256.44 million during the quarter, compared to analysts' expectations of $248.47 million. The firm's revenue was up 14.1% on a year-over-year basis. On average, equities research analysts predict that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Insider Activity at Waystar

In other news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $39.19, for a total transaction of $133,246.00. Following the completion of the transaction, the chief marketing officer now directly owns 198,556 shares of the company's stock, valued at approximately $7,781,409.64. The trade was a 1.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew J. Hawkins sold 46,667 shares of the company's stock in a transaction dated Thursday, April 10th. The stock was 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 directly owns 500,000 shares of the company's stock, valued at approximately $18,180,000. This represents a 8.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,655,997 shares of company stock worth $324,170,981. 4.10% of the stock is owned by corporate insiders.

Waystar Company Profile

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