Nuveen Asset Management LLC boosted its holdings in Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 66.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 507,453 shares of the company's stock after buying an additional 202,747 shares during the period. Nuveen Asset Management LLC owned approximately 0.29% of Waystar worth $18,624,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the business. Global Retirement Partners LLC purchased a new position in Waystar in the fourth quarter valued at approximately $25,000. RiverPark Advisors LLC raised its holdings in Waystar by 25.5% in the fourth 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Waystar by 4.1% in the fourth 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 period. Russell Investments Group Ltd. raised its holdings in Waystar by 1.8% in the fourth 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 period. Finally, Mark Sheptoff Financial Planning LLC acquired a new stake in Waystar in the fourth quarter valued at approximately $48,000.
Insider Activity
In related news, major shareholder Canada Pension Plan Investment sold 4,111,357 shares of Waystar stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $37.39, for a total transaction of $153,723,638.23. Following the sale, the insider now directly owns 25,580,929 shares in the company, valued at $956,470,935.31. The trade was a 13.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew J. Hawkins sold 46,667 shares of Waystar stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $36.36, for a total transaction of $1,696,812.12. Following the sale, the chief executive officer now owns 500,000 shares in the company, 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 quarter, insiders sold 8,655,997 shares of company stock valued at $324,170,981. 4.10% of the stock is currently owned by company insiders.
Waystar Stock Performance
Shares of WAY traded up $0.53 during midday trading on Thursday, hitting $38.94. 218,358 shares of the stock traded hands, compared to its average volume of 1,435,376. Waystar Holding Corp. has a 1-year low of $20.26 and a 1-year high of $48.11. The firm has a market capitalization of $6.74 billion and a PE ratio of 432.83. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.55. The business's 50 day moving average price is $37.96 and its two-hundred day moving average price is $37.39.
Waystar (NASDAQ:WAY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. The firm had revenue of $256.44 million for the quarter, compared to analyst estimates of $248.47 million. Waystar's revenue for the quarter was up 14.1% compared to the same quarter last year. Equities research analysts predict that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have issued reports on WAY shares. Barclays lowered their price objective 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. 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 objective for the company. The Goldman Sachs Group increased their price objective on shares of Waystar from $44.00 to $52.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. 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. Finally, Truist Financial set a $50.00 price target on shares of Waystar and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Twelve analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $40.50.
Check Out Our Latest Research Report on WAY
About Waystar
(
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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