Waystar Holding Corp. (NASDAQ:WAY) Shares Purchased by Northern Trust Corp

Northern Trust Corp increased its holdings in Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 376,005 shares of the company's stock after acquiring an additional 17,398 shares during the period. Northern Trust Corp owned about 0.22% of Waystar worth $13,799,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in shares of Waystar during the 4th quarter worth approximately $25,000. RiverPark Advisors LLC raised its holdings in shares of Waystar by 25.5% in the 4th quarter. RiverPark Advisors LLC now owns 3,498 shares of the company's stock worth $128,000 after purchasing an additional 710 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Waystar by 1.8% in the 4th quarter. Russell Investments Group Ltd. now owns 54,096 shares of the company's stock worth $1,985,000 after purchasing an additional 964 shares during the period. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Waystar in the 4th quarter worth approximately $48,000. Finally, MetLife Investment Management LLC raised its holdings in shares of Waystar by 6.8% in the 4th quarter. MetLife Investment Management LLC now owns 26,493 shares of the company's stock worth $972,000 after purchasing an additional 1,678 shares during the period.

Waystar Price Performance

WAY traded up $0.23 during trading on Monday, hitting $39.57. 3,466,543 shares of the company traded hands, compared to its average volume of 1,437,993. The company has a market cap of $6.85 billion and a PE ratio of 439.67. The stock's 50-day simple moving average is $37.64 and its two-hundred day simple moving average is $36.99. Waystar Holding Corp. has a 1 year low of $20.26 and a 1 year high of $48.11. 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 (NASDAQ:WAY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.32 EPS 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. Waystar's quarterly revenue was up 14.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on WAY shares. Barclays reduced 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. 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. Canaccord Genuity Group reduced their price objective 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. The Goldman Sachs Group lifted 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. Finally, Jefferies Financial Group began coverage on shares of Waystar in a research note on Tuesday, February 11th. They issued a "buy" rating and a $51.00 price objective for the company. Twelve research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $40.50.

Insider Activity at Waystar

In other Waystar news, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $40.00, for a total transaction of $300,686,720.00. Following the sale, the insider now owns 29,692,286 shares of the company's stock, valued at approximately $1,187,691,440. The trade was a 20.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of the company's stock in a transaction 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 directly owns 43,478 shares in the company, valued at approximately $1,832,597.70. The trade was a 7.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,470,151 shares of company stock worth $531,042,240 in the last 90 days. 4.10% of the stock is owned by corporate insiders.

About Waystar

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