Two Sigma Investments LP Has $5.51 Million Stock Position in Waystar Holding Corp. (NASDAQ:WAY)

Two Sigma Investments LP increased its position in Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 652.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,186 shares of the company's stock after acquiring an additional 130,218 shares during the quarter. Two Sigma Investments LP owned about 0.09% of Waystar worth $5,512,000 at the end of the most recent quarter.

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

Insider Activity

In related news, CEO Matthew J. Hawkins sold 140,164 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $39.03, for a total transaction of $5,470,600.92. Following the completion of the transaction, the chief executive officer now owns 764,131 shares in the company, valued at approximately $29,824,032.93. This represents a 15.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $39.19, for a total transaction of $133,246.00. Following the transaction, the chief marketing officer now owns 198,556 shares of the company's stock, valued at $7,781,409.64. The trade was a 1.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,655,997 shares of company stock worth $324,170,981 over the last quarter. 4.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Waystar Trading Up 2.8%

NASDAQ:WAY traded up $1.09 during trading hours on Friday, hitting $39.65. The stock had a trading volume of 2,200,557 shares, compared to its average volume of 1,442,597. The company has a market cap of $6.86 billion and a price-to-earnings ratio of 440.56. Waystar Holding Corp. has a one year low of $20.26 and a one year high of $48.11. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.55. The business's 50 day moving average is $37.97 and its 200-day moving average is $37.55.

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

Waystar Company Profile

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