Janus Henderson Group PLC Buys New Position in Waystar Holding Corp. (NASDAQ:WAY)

Janus Henderson Group PLC purchased a new position in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 436,190 shares of the company's stock, valued at approximately $16,009,000. Janus Henderson Group PLC owned 0.25% of Waystar as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new position in shares of Waystar during the fourth quarter worth about $25,000. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Waystar in the 4th quarter valued at $48,000. Gen Wealth Partners Inc purchased a new stake in shares of Waystar during the 4th quarter worth $92,000. RiverPark Advisors LLC grew 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 worth $128,000 after purchasing an additional 710 shares in the last quarter. Finally, Pictet Asset Management Holding SA purchased a new position in Waystar in the fourth quarter valued at $237,000.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Truist Financial set a $50.00 price target on Waystar and gave the stock a "buy" rating in a report on Wednesday, May 7th. Canaccord Genuity Group decreased their target price on Waystar from $50.00 to $47.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Barclays lowered their price target on Waystar from $50.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 14th. The Goldman Sachs Group raised their target price on shares of Waystar from $44.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. Finally, Jefferies Financial Group initiated coverage on Waystar in a research note on Tuesday, February 11th. They set a "buy" rating and a $51.00 price objective for the company. Twelve investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $40.50.

Waystar Price Performance

Shares of NASDAQ WAY traded down $0.19 during midday trading on Wednesday, hitting $39.46. The company had a trading volume of 256,573 shares, compared to its average volume of 1,433,873. The firm has a market capitalization of $6.83 billion and a price-to-earnings ratio of 438.72. Waystar Holding Corp. has a twelve month low of $20.26 and a twelve month high of $48.11. The business has a 50-day simple moving average of $37.78 and a two-hundred day simple moving average of $37.09. 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 (NASDAQ:WAY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.32. The company had revenue of $256.44 million for the quarter, compared to analyst estimates of $248.47 million. The company's revenue for the quarter was up 14.1% on a year-over-year basis. Equities research analysts anticipate that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Insider Buying and Selling

In other Waystar news, CEO Matthew J. Hawkins sold 46,667 shares of the firm's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $36.36, for a total transaction of $1,696,812.12. Following the completion of the transaction, the chief executive officer now directly owns 500,000 shares in the company, valued at approximately $18,180,000. This trade represents a 8.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $42.15, for a total transaction of $143,310.00. Following the completion of the sale, the chief marketing officer now owns 43,478 shares in the company, valued at $1,832,597.70. This represents a 7.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,662,302 shares of company stock valued at $837,346,766. 4.10% of the stock is owned by insiders.

Waystar Profile

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