SG Americas Securities LLC Sells 16,461 Shares of Waystar Holding Corp. (NASDAQ:WAY)

SG Americas Securities LLC lowered its holdings in Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 67.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,765 shares of the company's stock after selling 16,461 shares during the quarter. SG Americas Securities LLC's holdings in Waystar were worth $290,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Deutsche Bank AG increased its holdings in shares of Waystar by 64.9% in the fourth quarter. Deutsche Bank AG now owns 34,847 shares of the company's stock valued at $1,279,000 after purchasing an additional 13,715 shares in the last quarter. Raymond James Financial Inc. bought a new position in Waystar in the 4th quarter valued at $1,504,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Waystar in the 1st quarter valued at $378,000. M&T Bank Corp raised its position in shares of Waystar by 16.7% during the fourth quarter. M&T Bank Corp now owns 74,390 shares of the company's stock worth $2,730,000 after acquiring an additional 10,644 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Waystar by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 377,710 shares of the company's stock valued at $13,862,000 after acquiring an additional 11,117 shares during the period.

Insider Activity

In other news, insider Eric L. (Ric) Sinclair III sold 9,702 shares of the company's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $40.22, for a total transaction of $390,214.44. Following the completion of the transaction, the insider now directly owns 490,870 shares of the company's stock, valued at $19,742,791.40. This represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew J. Hawkins sold 2,153 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $39.15, for a total value of $84,289.95. Following the completion of the sale, the chief executive officer now owns 76,413 shares in the company, valued at $2,991,568.95. The trade was a 2.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,684,024 shares of company stock worth $325,277,756 over the last quarter. 4.10% of the stock is currently owned by company insiders.

Waystar Stock Performance

WAY stock opened at $39.27 on Friday. Waystar Holding Corp. has a 1-year low of $20.26 and a 1-year high of $48.11. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.39. The firm has a market cap of $6.79 billion and a PE ratio of 436.38. The business's 50-day moving average price is $38.91 and its two-hundred day moving average price is $38.63.

Waystar (NASDAQ:WAY - Get Free Report) last released its quarterly earnings data 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 business had revenue of $256.44 million for the quarter, compared to analysts' expectations of $248.47 million. The business's revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, research analysts forecast that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Barclays lowered their price objective on Waystar from $50.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Truist Financial set a $50.00 target price on shares of Waystar and gave the company a "buy" rating in a research note on Wednesday, May 7th. Citigroup began coverage on shares of Waystar in a research note on Wednesday. They set a "buy" rating and a $45.00 price target for the company. Canaccord Genuity Group reduced their price objective 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. Finally, TD Cowen upgraded shares of Waystar to a "strong-buy" rating in a research report on Thursday, June 5th. Thirteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $40.85.

Waystar Profile

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

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