SG Americas Securities LLC Has $290,000 Stake in Waystar Holding Corp. (NASDAQ:WAY)

SG Americas Securities LLC decreased its holdings in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 67.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,765 shares of the company's stock after selling 16,461 shares during the period. SG Americas Securities LLC's holdings in Waystar were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Norges Bank purchased a new position in Waystar in the 4th quarter worth about $119,387,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Waystar in the fourth quarter worth about $56,804,000. Farallon Capital Management LLC purchased a new position in shares of Waystar in the fourth quarter worth approximately $49,251,000. Vanguard Group Inc. raised its holdings in shares of Waystar by 26.8% during the fourth quarter. Vanguard Group Inc. now owns 4,991,336 shares of the company's stock valued at $183,182,000 after acquiring an additional 1,054,180 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of Waystar by 263.2% during the fourth quarter. Bank of America Corp DE now owns 1,104,189 shares of the company's stock valued at $40,524,000 after acquiring an additional 800,183 shares during the period.

Insider Buying and Selling

In other Waystar news, CEO Matthew J. Hawkins sold 197,847 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer owned 764,131 shares in the company, valued at $29,441,967.43. This trade represents a 20.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul G. Moskowitz sold 3,012,253 shares of the business's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $37.39, for a total transaction of $112,628,139.67. Following the transaction, the director directly owned 18,742,283 shares of the company's stock, valued at approximately $700,773,961.37. This represents a 13.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,684,024 shares of company stock valued at $325,277,756 over the last 90 days. 4.10% of the stock is currently owned by insiders.

Waystar Stock Up 2.8%

Shares of Waystar stock traded up $1.11 during midday trading on Monday, reaching $40.87. 2,739,384 shares of the company's stock traded hands, compared to its average volume of 1,397,521. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.12 and a current ratio of 3.12. Waystar Holding Corp. has a 52 week low of $20.26 and a 52 week high of $48.11. The company's 50 day simple moving average is $39.09 and its 200 day simple moving average is $38.78. The company has a market cap of $7.07 billion and a price-to-earnings ratio of 454.16.

Waystar (NASDAQ:WAY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. Waystar had a return on equity of 3.10% and a net margin of 2.67%. The company 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% on a year-over-year basis. Equities analysts expect that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. TD Cowen upgraded shares of Waystar to a "strong-buy" rating in a research report on Thursday, June 5th. Truist Financial set a $50.00 target price on Waystar and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Barclays lowered their price target on Waystar from $50.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Canaccord Genuity Group decreased their price objective on Waystar from $50.00 to $47.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Mizuho assumed coverage on Waystar in a research note on Monday. They set an "outperform" rating and a $48.00 target price on the stock. Fourteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $41.36.

Waystar Company Profile

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