Legal & General Group Plc increased its holdings in Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 980.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 47,969 shares of the company's stock after buying an additional 43,528 shares during the quarter. Legal & General Group Plc's holdings in Waystar were worth $1,760,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC purchased a new position in shares of Waystar in the fourth quarter valued at about $25,000. Russell Investments Group Ltd. boosted its stake in 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 purchased a new stake in Waystar during the 4th quarter valued at approximately $48,000. Invesco Ltd. raised its position in shares of Waystar by 10.1% during the fourth quarter. Invesco Ltd. now owns 22,160 shares of the company's stock valued at $813,000 after buying an additional 2,036 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Waystar by 8.3% in the fourth quarter. Alliancebernstein L.P. now owns 48,230 shares of the company's stock worth $1,770,000 after buying an additional 3,700 shares in the last quarter.
Waystar Stock Performance
Shares of NASDAQ WAY traded up $1.86 during mid-day trading on Thursday, hitting $39.03. The company had a trading volume of 951,990 shares, compared to its average volume of 1,380,011. The firm's 50 day simple moving average is $37.84 and its two-hundred day simple moving average is $35.85. Waystar Holding Corp. has a 12 month low of $20.26 and a 12 month 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 announced its earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. The firm had revenue of $256.44 million for the quarter, compared to analyst estimates of $248.47 million. Waystar's quarterly revenue was up 14.1% on a year-over-year basis. As a group, research analysts anticipate that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.
Insider Transactions at Waystar
In other Waystar news, CTO Christopher L. Schremser sold 8,623 shares of Waystar stock in a transaction dated Thursday, April 10th. The stock was 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 $15,927,279.84. This trade represents a 1.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of the stock in a transaction on 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 transaction, the insider now owns 29,692,286 shares of the company's stock, valued at $1,187,691,440. The trade was a 20.20 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,411,461 shares of company stock worth $528,743,995.
Analysts Set New Price Targets
WAY has been the topic of several research reports. Bank of America lifted their target price on Waystar from $36.00 to $43.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Barclays decreased their price objective on Waystar from $50.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Canaccord Genuity Group raised their target price on shares of Waystar from $42.00 to $50.00 and gave the company a "buy" rating in a report on Monday, February 24th. Jefferies Financial Group started coverage on shares of Waystar in a research note on Tuesday, February 11th. They set a "buy" rating and a $51.00 price target on the stock. Finally, Truist Financial began coverage on shares of Waystar in a research note on Friday, March 14th. They issued a "buy" rating and a $45.00 price objective for the company. Twelve investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $40.33.
Read Our Latest Stock Analysis on WAY
Waystar Company Profile
(
Free Report)
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
Read More
Before you consider Waystar, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Waystar wasn't on the list.
While Waystar currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
