Sig Brokerage LP Acquires New Stake in Waystar Holding Corp. (NASDAQ:WAY)

Sig Brokerage LP bought a new position in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,669 shares of the company's stock, valued at approximately $1,015,000.

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

Insider Buying and Selling

In related news, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of the firm's stock in a transaction 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 completion of the sale, the insider now directly owns 29,692,286 shares of the company's stock, valued at approximately $1,187,691,440. This trade represents a 20.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider T. Craig Bridge sold 182,914 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $42.15, for a total transaction of $7,709,825.10. Following the completion of the sale, the insider now owns 519,658 shares in the company, valued at approximately $21,903,584.70. This trade represents a 26.03% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 21,662,302 shares of company stock valued at $837,346,766. Company insiders own 4.10% of the company's stock.

Waystar Trading Down 2.7%

NASDAQ:WAY traded down $1.07 on Wednesday, hitting $38.59. 571,640 shares of the stock were exchanged, compared to its average volume of 1,435,110. The stock has a fifty day moving average of $37.78 and a 200-day moving average of $37.09. The stock has a market cap of $6.68 billion and a PE ratio of 429.51. 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 Holding Corp. has a fifty-two week low of $20.26 and a fifty-two week high of $48.11.

Waystar (NASDAQ:WAY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.32. The firm had revenue of $256.44 million for the quarter, compared to analysts' expectations of $248.47 million. The company's quarterly revenue was up 14.1% on a year-over-year basis. As a group, equities analysts expect that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on WAY shares. Barclays lowered their target price on shares of Waystar from $50.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Truist Financial set a $50.00 target price on Waystar and gave the company a "buy" rating in a report on Wednesday, May 7th. The Goldman Sachs Group lifted their price target on Waystar from $44.00 to $52.00 and gave the stock a "buy" rating in a research note on Wednesday, February 19th. Canaccord Genuity Group dropped their target price on shares of Waystar from $50.00 to $47.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Jefferies Financial Group assumed coverage on shares of Waystar in a research report on Tuesday, February 11th. They issued a "buy" rating and a $51.00 price target on the stock. Twelve equities research 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 stock presently has a consensus rating of "Buy" and a consensus target price of $40.50.

Waystar Company Profile

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