New York State Common Retirement Fund trimmed its holdings in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 3.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 370,047 shares of the company's stock after selling 11,408 shares during the quarter. New York State Common Retirement Fund owned 0.21% of Waystar worth $13,825,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mark Sheptoff Financial Planning LLC purchased a new position in Waystar during the 4th quarter valued at about $48,000. Gen Wealth Partners Inc purchased a new position in Waystar during the 4th quarter valued at about $92,000. Amalgamated Bank boosted its holdings 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 acquiring an additional 1,241 shares during the period. KBC Group NV purchased a new position in Waystar during the 1st quarter valued at about $109,000. Finally, RiverPark Advisors LLC boosted its holdings 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 acquiring an additional 710 shares during the period.
Insider Transactions at Waystar
In related news, CEO Matthew J. Hawkins sold 197,847 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $38.53, for a total transaction of $7,623,044.91. Following the sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Eric L. (Ric) Sinclair III sold 9,702 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $39.16, for a total value of $379,930.32. Following the sale, the insider owned 490,870 shares in the company, valued at approximately $19,222,469.20. The trade was a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,684,024 shares of company stock valued at $325,377,374. 4.10% of the stock is owned by company insiders.
Waystar Price Performance
Shares of WAY traded down $0.36 during trading hours on Friday, reaching $36.70. 1,073,463 shares of the company traded hands, compared to its average volume of 1,415,016. The stock has a fifty day simple moving average of $38.96 and a 200 day simple moving average of $38.90. Waystar Holding Corp. has a fifty-two week low of $20.74 and a fifty-two week high of $48.11. The stock has a market capitalization of $6.39 billion and a PE ratio of 407.82. 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 released its earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. Waystar had a return on equity of 3.10% and a net margin of 2.67%. The firm had revenue of $256.44 million for the quarter, compared to the consensus estimate of $248.47 million. The firm's revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, research analysts predict that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.
Analyst Ratings Changes
Several brokerages have recently issued reports on WAY. Truist Financial lifted their price objective on Waystar from $50.00 to $51.00 and gave the company a "buy" rating in a research note on Thursday. Barclays decreased their price objective on Waystar from $50.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Citigroup assumed coverage on Waystar in a research note on Wednesday, June 25th. They issued a "buy" rating and a $45.00 price objective for the company. TD Cowen upgraded Waystar to a "strong-buy" rating in a research note on Thursday, June 5th. Finally, Mizuho initiated coverage on Waystar in a research note on Monday, June 30th. They set an "outperform" rating and a $48.00 target price for the company. Twelve research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $42.31.
Read Our Latest Analysis on WAY
Waystar Company Profile
(
Free Report)
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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