Soros Fund Management LLC Purchases Shares of 250,000 Waystar Holding Corp. (NASDAQ:WAY)

Soros Fund Management LLC bought a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 250,000 shares of the company's stock, valued at approximately $9,175,000. Soros Fund Management LLC owned approximately 0.15% of Waystar as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of WAY. Vanguard Group Inc. lifted its position in shares of Waystar by 26.8% in the fourth quarter. Vanguard Group Inc. now owns 4,991,336 shares of the company's stock worth $183,182,000 after buying an additional 1,054,180 shares in the last quarter. Norges Bank purchased a new stake in shares of Waystar during the 4th quarter worth approximately $119,387,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Waystar in the fourth quarter valued at $56,804,000. American Century Companies Inc. increased its position in Waystar by 0.4% in the fourth quarter. American Century Companies Inc. now owns 1,476,236 shares of the company's stock worth $54,178,000 after purchasing an additional 6,409 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Waystar by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company's stock valued at $37,531,000 after purchasing an additional 96,552 shares in the last quarter.

Waystar Price Performance

Shares of NASDAQ WAY traded up $1.22 during trading hours on Friday, reaching $40.68. The stock had a trading volume of 2,200,395 shares, compared to its average volume of 1,394,413. Waystar Holding Corp. has a 52-week low of $20.26 and a 52-week high of $48.11. The business's fifty day moving average price is $37.77 and its two-hundred day moving average price is $36.02. The company has a quick ratio of 2.29, a current ratio of 2.55 and a debt-to-equity ratio of 0.40.

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

Insiders Place Their Bets

In other Waystar news, CTO Christopher L. Schremser sold 8,623 shares of the 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 sale, the chief technology officer now owns 438,044 shares of the company's stock, valued at approximately $15,927,279.84. This trade represents a 1.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of the business's stock in a transaction on Friday, February 21st. The stock was 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 directly owns 43,478 shares of the company's stock, 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 have sold a total of 13,411,461 shares of company stock worth $528,743,995 in the last three months.

Analysts Set New Price Targets

A number of equities analysts have commented on WAY shares. Canaccord Genuity Group dropped 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. Truist Financial initiated coverage on Waystar in a research report on Friday, March 14th. They set a "buy" rating and a $45.00 price objective on the stock. The Goldman Sachs Group boosted their target price on Waystar from $44.00 to $52.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Bank of America lifted their price objective on shares of Waystar from $36.00 to $43.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Finally, Barclays reduced their target price on shares of Waystar from $50.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Twelve investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $40.08.

Waystar Profile

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