Waystar Holding Corp. (NASDAQ:WAY) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,120,296 shares of the company's stock after purchasing an additional 18,872 shares during the period. Geode Capital Management LLC owned 0.65% of Waystar worth $41,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of WAY. Global Retirement Partners LLC acquired a new position in shares of Waystar during the fourth quarter worth $25,000. Mark Sheptoff Financial Planning LLC purchased a new position in Waystar during the 4th quarter worth $48,000. Stifel Financial Corp acquired a new position in Waystar during the 3rd quarter valued at about $204,000. Y Intercept Hong Kong Ltd purchased a new stake in Waystar in the third quarter valued at about $222,000. Finally, Pictet Asset Management Holding SA acquired a new stake in Waystar in the fourth quarter worth about $237,000.

Insiders Place Their Bets

In related 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 shares were sold at an average price of $40.00, for a total transaction of $300,686,720.00. Following the transaction, the insider now directly owns 29,692,286 shares in the company, valued at approximately $1,187,691,440. The trade was a 20.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider T. Craig Bridge sold 182,914 shares of the 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 of the company's stock, valued at approximately $21,903,584.70. The trade was a 26.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,411,461 shares of company stock worth $528,743,995.

Wall Street Analysts Forecast Growth

WAY has been the topic of several recent analyst reports. Jefferies Financial Group began coverage on shares of Waystar in a report on Tuesday, February 11th. They set a "buy" rating and a $51.00 price objective on the stock. Truist Financial initiated coverage on shares of Waystar in a report on Friday, March 14th. They issued a "buy" rating and a $45.00 price target for the company. The Goldman Sachs Group boosted their price objective on shares of Waystar from $44.00 to $52.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Bank of America raised their target price on Waystar from $36.00 to $43.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Finally, Canaccord Genuity Group boosted their price target on Waystar from $42.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, February 24th. Twelve equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Waystar currently has a consensus rating of "Buy" and an average price target of $40.33.

Waystar Stock Down 0.7 %

WAY stock traded down $0.26 during midday trading on Friday, hitting $36.45. 1,199,645 shares of the stock traded hands, compared to its average volume of 1,384,501. Waystar Holding Corp. has a 1-year low of $20.26 and a 1-year high of $48.11. The company has a quick ratio of 2.29, a current ratio of 2.55 and a debt-to-equity ratio of 0.40. The stock's fifty day simple moving average is $39.02 and its 200-day simple moving average is $35.46.

Waystar (NASDAQ:WAY - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.11. The business had revenue of $244.10 million for the quarter, compared to analyst estimates of $232.29 million. As a group, analysts anticipate that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

About Waystar

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