Silvercrest Asset Management Group LLC Has $22.76 Million Holdings in Waystar Holding Corp. (NASDAQ:WAY)

Silvercrest Asset Management Group LLC boosted its stake in Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 26.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 620,216 shares of the company's stock after buying an additional 129,987 shares during the period. Silvercrest Asset Management Group LLC owned 0.36% of Waystar worth $22,762,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Nicholas Investment Partners LP acquired a new stake in shares of Waystar in the 4th quarter worth approximately $3,041,000. Nuveen Asset Management LLC increased its stake in shares of Waystar by 66.5% during the fourth quarter. Nuveen Asset Management LLC now owns 507,453 shares of the company's stock valued at $18,624,000 after acquiring an additional 202,747 shares during the period. OMERS ADMINISTRATION Corp acquired a new position in shares of Waystar during the fourth quarter valued at approximately $701,000. Occudo Quantitative Strategies LP increased its stake in shares of Waystar by 381.5% during the fourth quarter. Occudo Quantitative Strategies LP now owns 87,860 shares of the company's stock valued at $3,224,000 after acquiring an additional 69,611 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Waystar by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,547 shares of the company's stock valued at $901,000 after acquiring an additional 960 shares during the period.

Analyst Ratings Changes

WAY has been the subject of a number of research reports. Canaccord Genuity Group reduced 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. Truist Financial set a $50.00 target price on shares of Waystar and gave the stock a "buy" rating in a report on Wednesday, May 7th. Barclays reduced their target price on shares of Waystar from $50.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Jefferies Financial Group initiated coverage on shares of Waystar in a report on Tuesday, February 11th. They set a "buy" rating and a $51.00 target price for the company. Finally, The Goldman Sachs Group raised their target price on shares of Waystar from $44.00 to $52.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. Twelve investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $40.50.

Waystar Price Performance

Shares of NASDAQ WAY traded up $0.08 during trading on Tuesday, reaching $39.65. The company had a trading volume of 1,584,095 shares, compared to its average volume of 1,438,607. Waystar Holding Corp. has a 52 week low of $20.26 and a 52 week high of $48.11. The stock has a market cap of $6.86 billion and a PE ratio of 440.56. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.55. The business's 50 day moving average price is $37.69 and its 200-day moving average price is $37.07.

Waystar (NASDAQ:WAY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share for the quarter, hitting analysts' consensus estimates of $0.32. The business had revenue of $256.44 million for the quarter, compared to the consensus estimate of $248.47 million. Waystar's revenue for the quarter was up 14.1% compared to the same quarter last year. Analysts expect that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Insider Buying and Selling

In related news, insider T. Craig Bridge sold 182,914 shares of the business's stock in a transaction that occurred on 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 directly owns 519,658 shares of the company's stock, valued at $21,903,584.70. The trade was a 26.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of the business's stock in a transaction that occurred 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 transaction, the insider now owns 29,692,286 shares of the company's stock, valued at approximately $1,187,691,440. This represents a 20.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,198,212 shares of company stock valued at $707,824,441 over the last ninety days. Insiders own 4.10% of the company's stock.

Waystar Company Profile

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