19,100 Shares in Waystar Holding Corp. (NASDAQ:WAY) Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp acquired a new position in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 19,100 shares of the company's stock, valued at approximately $701,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WAY. Barclays PLC increased its holdings in Waystar by 701.7% during the 3rd quarter. Barclays PLC now owns 64,934 shares of the company's stock worth $1,811,000 after purchasing an additional 56,834 shares in the last quarter. Perpetual Ltd bought a new stake in Waystar during the 4th quarter worth approximately $558,000. Dakota Wealth Management bought a new stake in Waystar during the 4th quarter worth approximately $264,000. Entropy Technologies LP bought a new position in shares of Waystar in the fourth quarter valued at approximately $289,000. Finally, Aubrey Capital Management Ltd bought a new position in shares of Waystar in the fourth quarter valued at approximately $3,120,000.

Waystar Stock Performance

NASDAQ WAY traded up $0.42 on Friday, hitting $38.62. 1,806,120 shares of the stock traded hands, compared to its average volume of 1,441,524. The business's fifty day moving average is $37.90 and its two-hundred day moving average is $37.23. Waystar Holding Corp. has a 12 month low of $20.26 and a 12 month high of $48.11. The firm has a market capitalization of $6.68 billion and a price-to-earnings ratio of 429.11. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.55.

Waystar (NASDAQ:WAY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. The company had revenue of $256.44 million for the quarter, compared to analysts' expectations of $248.47 million. The business's quarterly revenue was up 14.1% compared to the same quarter last year. As a group, equities analysts anticipate that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other Waystar news, insider Eric L. (Ric) Sinclair III sold 9,702 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $39.16, for a total transaction of $379,930.32. Following the sale, the insider now owns 490,870 shares in the company, valued at $19,222,469.20. This represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $40.00, for a total value of $300,686,720.00. Following the sale, the insider now owns 29,692,286 shares in the company, valued at approximately $1,187,691,440. This represents a 20.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,668,604 shares of company stock worth $837,583,386 over the last 90 days. Corporate insiders own 4.10% of the company's stock.

Analyst Ratings Changes

WAY has been the subject of several recent analyst reports. Jefferies Financial Group initiated coverage on Waystar in a report on Tuesday, February 11th. They issued a "buy" rating and a $51.00 target price for the company. Barclays reduced their target price on Waystar from $50.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Canaccord Genuity Group reduced their target price on Waystar from $50.00 to $47.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Truist Financial set a $50.00 target price on Waystar and gave the company a "buy" rating in a report on Wednesday, May 7th. Finally, The Goldman Sachs Group upped their target price on Waystar from $44.00 to $52.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Twelve analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $40.50.

About Waystar

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