Silvercrest Asset Management Group LLC lifted its holdings in Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 26.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 620,216 shares of the company's stock after acquiring an additional 129,987 shares during the period. Silvercrest Asset Management Group LLC owned approximately 0.36% of Waystar worth $22,762,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. Global Retirement Partners LLC acquired a new position in Waystar during the 4th quarter worth approximately $25,000. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Waystar during the fourth quarter valued at approximately $48,000. Gen Wealth Partners Inc acquired a new position in shares of Waystar during the fourth quarter worth $92,000. RiverPark Advisors LLC lifted its position in shares of Waystar by 25.5% during the fourth quarter. RiverPark Advisors LLC now owns 3,498 shares of the company's stock worth $128,000 after purchasing an additional 710 shares in the last quarter. Finally, Pictet Asset Management Holding SA purchased a new position in shares of Waystar in the fourth quarter valued at $237,000.
Insiders Place Their Bets
In other Waystar news, major shareholder Canada Pension Plan Investment sold 616,704 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $37.39, for a total value of $23,058,562.56. Following the completion of the transaction, the insider now owns 24,964,225 shares in the company, valued at approximately $933,412,372.75. This represents a 2.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Christopher L. Schremser sold 8,623 shares of Waystar stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $36.36, for a total value of $313,532.28. Following the sale, the chief technology officer now directly owns 438,044 shares in the company, valued at approximately $15,927,279.84. This trade represents a 1.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,662,302 shares of company stock valued at $837,346,766 over the last quarter. Insiders own 4.10% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have commented on WAY shares. Jefferies Financial Group began coverage on shares of Waystar in a report on Tuesday, February 11th. They issued a "buy" rating and a $51.00 price objective on the stock. The Goldman Sachs Group lifted their target price on Waystar from $44.00 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. Truist Financial set a $50.00 price target on Waystar and gave the company a "buy" rating in a report on Wednesday, May 7th. Canaccord Genuity Group lowered their price objective on Waystar from $50.00 to $47.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Barclays dropped 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. Twelve research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Waystar has an average rating of "Buy" and a consensus price target of $40.50.
Check Out Our Latest Stock Analysis on Waystar
Waystar Stock Performance
Waystar stock traded down $0.50 during mid-day trading on Thursday, reaching $38.80. The company's stock had a trading volume of 369,973 shares, compared to its average volume of 1,435,409. 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 twelve month low of $20.26 and a twelve month high of $48.11. The business has a 50 day moving average price of $37.84 and a 200-day moving average price of $37.10. The firm has a market cap of $6.71 billion and a price-to-earnings ratio of 431.61.
Waystar (NASDAQ:WAY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. The business had revenue of $256.44 million during the quarter, compared to analyst estimates of $248.47 million. The firm's revenue was up 14.1% on a year-over-year basis. Sell-side analysts predict that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.
About Waystar
(
Free Report)
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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