Renaissance Technologies LLC cut its holdings in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 82.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,800 shares of the company's stock after selling 133,200 shares during the period. Renaissance Technologies LLC's holdings in Waystar were worth $1,020,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new position in shares of Waystar during the fourth quarter valued at approximately $25,000. Mark Sheptoff Financial Planning LLC purchased a new position in Waystar during the fourth quarter valued at $48,000. Pictet Asset Management Holding SA purchased a new position in Waystar during the fourth quarter valued at $237,000. Dakota Wealth Management purchased a new position in Waystar during the fourth quarter valued at $264,000. Finally, Smithfield Trust Co lifted its position in Waystar by 210.5% during the fourth quarter. Smithfield Trust Co now owns 7,560 shares of the company's stock valued at $277,000 after buying an additional 5,125 shares during the period.
Wall Street Analyst Weigh In
Several equities analysts have commented on WAY shares. Jefferies Financial Group started coverage on Waystar in a research report on Tuesday, February 11th. They set a "buy" rating and a $51.00 price objective for the company. Barclays lowered their price objective on Waystar from $50.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. 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. The Goldman Sachs Group raised their price objective on Waystar from $44.00 to $52.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Finally, Bank of America raised their price target on Waystar from $36.00 to $43.00 and gave the company a "buy" rating in a report on Monday, January 6th. Twelve analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $40.33.
View Our Latest Analysis on Waystar
Insider Buying and Selling
In other Waystar news, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $40.00, for a total transaction of $300,686,720.00. Following the completion of the sale, the insider now directly owns 29,692,286 shares in the company, valued at $1,187,691,440. The trade was a 20.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Christopher L. Schremser sold 8,623 shares of the business's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $36.36, for a total value of $313,532.28. Following the sale, the chief technology officer now owns 438,044 shares of the company's stock, valued at approximately $15,927,279.84. This represents a 1.93 % decrease in their ownership of the stock. 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.
Waystar Stock Up 0.4 %
NASDAQ WAY opened at $37.17 on Thursday. Waystar Holding Corp. has a one year low of $20.26 and a one year high of $48.11. The stock has a 50-day moving average of $37.84 and a 200 day moving average of $35.85. 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 released its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.15 by $0.11. The business had revenue of $244.10 million during the quarter, compared to the consensus estimate of $232.29 million. As a group, analysts forecast that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.
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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