Waystar Holding Corp. (NASDAQ:WAY) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG grew its position in Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 64.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,847 shares of the company's stock after purchasing an additional 13,715 shares during the quarter. Deutsche Bank AG's holdings in Waystar were worth $1,279,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Global Retirement Partners LLC acquired a new position in Waystar during the 4th quarter valued at about $25,000. Mark Sheptoff Financial Planning LLC bought a new stake in Waystar in the fourth quarter worth $48,000. 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. Pictet Asset Management Holding SA bought a new position in Waystar in the fourth quarter worth about $237,000. Finally, Dakota Wealth Management bought a new position in shares of Waystar during the fourth quarter valued at approximately $264,000.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on WAY shares. Barclays dropped their price target on shares of Waystar from $50.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. 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 report on Thursday, May 1st. Truist Financial set a $50.00 target price on shares of Waystar and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Jefferies Financial Group began coverage on shares of Waystar in a report on Tuesday, February 11th. They issued a "buy" rating and a $51.00 target price on the stock. Finally, The Goldman Sachs Group raised their price objective on shares of Waystar from $44.00 to $52.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Twelve research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Waystar has a consensus rating of "Buy" and a consensus price target of $40.50.

Waystar Trading Up 1.7%

WAY traded up $0.66 during trading on Friday, hitting $39.22. The company's stock had a trading volume of 67,995 shares, compared to its average volume of 1,434,218. The company has a quick ratio of 2.29, a current ratio of 2.55 and a debt-to-equity ratio of 0.40. Waystar Holding Corp. has a twelve month low of $20.26 and a twelve month high of $48.11. The stock's fifty day moving average price is $37.96 and its 200-day moving average price is $37.44. The firm has a market capitalization of $6.79 billion and a P/E ratio of 437.19.

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, meeting analysts' consensus estimates of $0.32. The firm had revenue of $256.44 million for the quarter, compared to analysts' expectations of $248.47 million. Waystar's revenue for the quarter was up 14.1% on a year-over-year basis. Analysts anticipate that Waystar Holding Corp. will post 0.39 EPS for the current year.

Insider Buying and Selling at Waystar

In other Waystar news, CEO Matthew J. Hawkins sold 2,153 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $39.15, for a total value of $84,289.95. Following the sale, the chief executive officer now directly owns 76,413 shares of the company's stock, valued at approximately $2,991,568.95. This trade represents a 2.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Eric L. (Ric) Sinclair III sold 9,702 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $39.16, for a total value of $379,930.32. Following the transaction, the insider now owns 490,870 shares in the company, valued at approximately $19,222,469.20. This represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,655,997 shares of company stock worth $324,170,981 over the last ninety days. Company insiders own 4.10% of the company's stock.

Waystar Company Profile

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