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

Dakota Wealth Management lifted its position 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 institutional investor owned 33,511 shares of the company's stock after acquiring an additional 26,313 shares during the period. 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 and hedge funds also recently made changes to their positions in WAY. RiverPark Advisors LLC raised its stake in 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 buying an additional 710 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Waystar by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,547 shares of the company's stock valued at $901,000 after buying an additional 960 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Waystar by 1.8% during the 4th quarter. Russell Investments Group Ltd. now owns 54,096 shares of the company's stock valued at $1,985,000 after buying an additional 964 shares during the last quarter. Amalgamated Bank raised its stake in Waystar by 84.1% during the 1st quarter. Amalgamated Bank now owns 2,716 shares of the company's stock valued at $101,000 after buying an additional 1,241 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC purchased a new stake in Waystar during the 4th quarter valued at $48,000.

Wall Street Analysts Forecast Growth

WAY has been the subject of a number of recent research reports. TD Cowen raised shares of Waystar to a "strong-buy" rating in a research report on Thursday, June 5th. Canaccord Genuity Group lowered their target price on shares of Waystar from $50.00 to $47.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Truist Financial increased their price objective on shares of Waystar from $50.00 to $51.00 and gave the company a "buy" rating in a report on Thursday. Citigroup initiated coverage on Waystar in a research note on Wednesday, June 25th. They set a "buy" rating and a $45.00 price target for the company. Finally, Mizuho started coverage on Waystar in a research note on Monday, June 30th. They issued an "outperform" rating and a $48.00 price objective on the stock. Twelve equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $42.31.

Insider Activity at Waystar

In other news, CEO Matthew J. Hawkins sold 197,847 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $38.53, for a total transaction of $7,623,044.91. Following the transaction, the chief executive officer directly owned 764,131 shares in the company, valued at approximately $29,441,967.43. This trade represents a 20.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eric L. (Ric) Sinclair III sold 9,702 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $39.16, for a total transaction of $379,930.32. Following the transaction, the insider owned 490,870 shares in the company, valued at approximately $19,222,469.20. This represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,684,024 shares of company stock valued at $325,377,374. 4.10% of the stock is owned by insiders.

Waystar Trading Down 1.0%

NASDAQ:WAY traded down $0.36 during mid-day trading on Friday, hitting $36.70. 1,073,463 shares of the stock traded hands, compared to its average volume of 1,415,016. The stock has a market capitalization of $6.39 billion and a price-to-earnings ratio of 407.82. The firm's 50 day moving average is $38.96 and its two-hundred day moving average is $38.90. Waystar Holding Corp. has a 52 week low of $20.74 and a 52 week high of $48.11. The company has a quick ratio of 3.12, a current ratio of 3.12 and a debt-to-equity ratio of 0.39.

Waystar (NASDAQ:WAY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. The company had revenue of $256.44 million for the quarter, compared to the consensus estimate of $248.47 million. Waystar had a return on equity of 3.10% and a net margin of 2.67%. The company's revenue for the quarter was up 14.1% compared to the same quarter last year. On average, equities research analysts predict that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Waystar Company Profile

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