PEAK6 LLC acquired a new position in Waystar Holding Corp. (NASDAQ:WAY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,824 shares of the company's stock, valued at approximately $874,000.
Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Waystar by 26.8% in the fourth quarter. Vanguard Group Inc. now owns 4,991,336 shares of the company's stock valued at $183,182,000 after acquiring an additional 1,054,180 shares during the last quarter. Norges Bank bought a new stake in shares of Waystar in the 4th quarter valued at about $119,387,000. American Century Companies Inc. lifted its stake in Waystar by 0.4% in the 4th quarter. American Century Companies Inc. now owns 1,476,236 shares of the company's stock valued at $54,178,000 after purchasing an additional 6,409 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Waystar by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company's stock worth $37,531,000 after purchasing an additional 96,552 shares during the period. Finally, Geode Capital Management LLC increased its position in Waystar by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 1,120,296 shares of the company's stock worth $41,124,000 after buying an additional 18,872 shares during the last quarter.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on WAY. Canaccord Genuity Group raised their price objective on Waystar from $42.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, February 24th. Barclays cut 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. Bank of America upped their price objective on shares of Waystar from $36.00 to $43.00 and gave the company a "buy" rating in a report on Monday, January 6th. Truist Financial initiated coverage on shares of Waystar in a research note on Friday, March 14th. They set a "buy" rating and a $45.00 target price for the company. Finally, The Goldman Sachs Group upped their price target 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. Twelve analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $40.33.
Check Out Our Latest Stock Analysis on Waystar
Waystar Trading Down 0.7 %
Waystar stock traded down $0.26 during mid-day trading on Friday, reaching $37.02. 938,072 shares of the company were exchanged, compared to its average volume of 1,379,086. The company has a fifty day simple moving average of $38.17 and a 200-day simple moving average of $35.66. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.55 and a quick ratio of 2.29. Waystar Holding Corp. has a 12 month low of $20.26 and a 12 month high of $48.11.
Waystar (NASDAQ:WAY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.11. The company had revenue of $244.10 million during the quarter, compared to the consensus estimate of $232.29 million. As a group, equities analysts anticipate that Waystar Holding Corp. will post 0.39 EPS for the current year.
Insider Activity
In related news, CTO Christopher L. Schremser sold 8,623 shares of the company's stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $36.36, for a total transaction of $313,532.28. Following the completion of the sale, the chief technology officer now directly owns 438,044 shares in the company, valued at $15,927,279.84. This represents a 1.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of Waystar stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $42.15, for a total value of $143,310.00. Following the completion of the transaction, the chief marketing officer now owns 43,478 shares in the company, valued at approximately $1,832,597.70. This represents a 7.25 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,411,461 shares of company stock worth $528,743,995.
About Waystar
(
Free Report)
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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