Janus Henderson Group PLC Invests $16.01 Million in Waystar Holding Corp. (NASDAQ:WAY)

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

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in Waystar in the 4th quarter valued at approximately $25,000. Mark Sheptoff Financial Planning LLC bought a new position in shares of Waystar during the fourth quarter worth about $48,000. Gen Wealth Partners Inc acquired a new position in shares of Waystar in the fourth quarter worth approximately $92,000. RiverPark Advisors LLC increased its position in Waystar by 25.5% during the 4th quarter. RiverPark Advisors LLC now owns 3,498 shares of the company's stock valued at $128,000 after purchasing an additional 710 shares during the period. Finally, Pictet Asset Management Holding SA bought a new stake in shares of Waystar in the 4th quarter valued at $237,000.

Wall Street Analysts Forecast Growth

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

Waystar Stock Up 0.6%

NASDAQ:WAY traded up $0.23 on Monday, hitting $39.57. The stock had a trading volume of 3,466,543 shares, compared to its average volume of 1,437,993. Waystar Holding Corp. has a 1 year low of $20.26 and a 1 year high of $48.11. The firm's fifty day simple moving average is $37.64 and its two-hundred day simple moving average is $36.99. The stock has a market cap of $6.85 billion and a P/E ratio of 439.67. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.55.

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

Insider Buying and Selling at Waystar

In other Waystar news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $42.15, for a total transaction of $143,310.00. Following 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $40.00, for a total value of $300,686,720.00. Following the completion of the transaction, the insider now owns 29,692,286 shares of the company's stock, valued at approximately $1,187,691,440. This represents a 20.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,470,151 shares of company stock worth $531,042,240 over the last three months. 4.10% of the stock is currently owned by insiders.

About Waystar

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