Waystar Holding Corp. (NASDAQ:WAY) Shares Bought by Dakota Wealth Management

Dakota Wealth Management raised its holdings in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 365.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,511 shares of the company's stock after purchasing an additional 26,313 shares during the quarter. Dakota Wealth Management's holdings in Waystar were worth $1,252,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of WAY. Norges Bank bought a new position in Waystar during the fourth quarter valued at $119,387,000. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Waystar in the 4th quarter worth about $56,804,000. Farallon Capital Management LLC bought a new stake in shares of Waystar in the 4th quarter worth about $49,251,000. Vanguard Group Inc. lifted its holdings in shares of Waystar by 26.8% in the 4th quarter. Vanguard Group Inc. now owns 4,991,336 shares of the company's stock worth $183,182,000 after acquiring an additional 1,054,180 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Waystar by 263.2% in the 4th quarter. Bank of America Corp DE now owns 1,104,189 shares of the company's stock worth $40,524,000 after acquiring an additional 800,183 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have recently issued reports on WAY. Canaccord Genuity Group lowered their target price on shares of Waystar from $50.00 to $47.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Barclays lowered their target price on shares of Waystar from $50.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 14th. TD Cowen upgraded shares of Waystar to a "strong-buy" rating in a report on Thursday, June 5th. Citigroup began coverage on shares of Waystar in a report on Wednesday, June 25th. They issued a "buy" rating and a $45.00 target price for the company. Finally, Mizuho began coverage on shares of Waystar in a report on Monday, June 30th. They issued an "outperform" rating and a $48.00 target price for the company. Twelve equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Waystar currently has a consensus rating of "Buy" and a consensus price target of $42.31.

Waystar Stock Down 0.9%

Shares of NASDAQ:WAY traded down $0.32 during trading on Friday, reaching $36.74. The stock had a trading volume of 187,608 shares, compared to its average volume of 1,860,104. Waystar Holding Corp. has a one year low of $20.74 and a one year high of $48.11. The company has a market capitalization of $6.40 billion and a P/E ratio of 408.36. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.39. The firm's 50-day simple moving average is $39.03 and its 200 day simple moving average is $38.90.

Waystar (NASDAQ:WAY - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share for the quarter, meeting analysts' consensus estimates of $0.32. Waystar had a net margin of 2.67% and a return on equity of 3.10%. The business had revenue of $256.44 million for the quarter, compared to analysts' expectations of $248.47 million. The firm's quarterly revenue was up 14.1% compared to the same quarter last year. As a group, research analysts expect that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.

Insider Activity

In other news, CEO Matthew J. Hawkins sold 46,667 shares of the firm's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $38.26, for a total value of $1,785,479.42. Following the sale, the chief executive officer directly owned 764,131 shares in the company, valued at approximately $29,235,652.06. This trade represents a 5.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Canada Pension Plan Investment sold 616,704 shares of Waystar stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $37.39, for a total transaction of $23,058,562.56. Following the completion of the sale, the insider owned 24,964,225 shares of the company's stock, valued at $933,412,372.75. This trade represents a 2.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,684,024 shares of company stock valued at $325,377,374 over the last 90 days. 4.10% of the stock is currently owned by corporate insiders.

Waystar Profile

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