UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys Shares of 35,677 Waystar Holding Corp. (NASDAQ:WAY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Waystar Holding Corp. (NASDAQ:WAY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 35,677 shares of the company's stock, valued at approximately $1,309,000.

Other hedge funds have also added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new stake in Waystar in the fourth quarter worth $25,000. Mark Sheptoff Financial Planning LLC bought a new position in shares of Waystar during the fourth quarter valued at about $48,000. Gen Wealth Partners Inc bought a new position in shares of Waystar during the fourth quarter valued at about $92,000. RiverPark Advisors LLC raised its stake in shares of Waystar by 25.5% during the fourth quarter. RiverPark Advisors LLC now owns 3,498 shares of the company's stock valued at $128,000 after acquiring an additional 710 shares during the last quarter. Finally, Pictet Asset Management Holding SA bought a new position in shares of Waystar during the fourth quarter valued at about $237,000.

Insiders Place Their Bets

In other news, CEO Matthew J. Hawkins sold 2,153 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $39.15, for a total transaction of $84,289.95. Following the sale, the chief executive officer now owns 76,413 shares in the company, valued at $2,991,568.95. This represents a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Canada Pension Plan Investment sold 4,111,357 shares of the stock in a transaction that occurred on 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 owns 25,580,929 shares in the company, valued at approximately $956,470,935.31. The trade was a 13.85% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,664,620 shares of company stock worth $324,520,903. 4.10% of the stock is currently owned by company insiders.

Waystar Stock Down 1.6%

WAY traded down $0.64 during midday trading on Friday, reaching $38.93. The company's stock had a trading volume of 1,875,042 shares, compared to its average volume of 1,363,169. The firm has a market capitalization of $6.74 billion and a price-to-earnings ratio of 432.56. The company has a current ratio of 2.55, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. Waystar Holding Corp. has a 1 year low of $20.26 and a 1 year high of $48.11. The stock's 50-day moving average is $38.54 and its 200-day moving average is $38.08.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WAY. The Goldman Sachs Group upped their price objective on shares of Waystar from $44.00 to $52.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. Truist Financial set a $50.00 price objective on shares of Waystar and gave the company a "buy" rating in a research note on Wednesday, May 7th. 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 note on Monday, April 14th. TD Cowen raised shares of Waystar to a "strong-buy" rating in a research note on Thursday, June 5th. Finally, Canaccord Genuity Group decreased 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. Twelve analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Waystar currently has a consensus rating of "Buy" and a consensus target price of $40.50.

Waystar Company Profile

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