Adage Capital Partners GP L.L.C. Sells 26,951 Shares of Waystar Holding Corp. (NASDAQ:WAY)

Adage Capital Partners GP L.L.C. lowered its position in Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 4.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 581,044 shares of the company's stock after selling 26,951 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.34% of Waystar worth $21,324,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Global Retirement Partners LLC acquired a new position in shares of Waystar during the 4th quarter valued at $25,000. Mark Sheptoff Financial Planning LLC bought a new stake in Waystar in the fourth quarter worth about $48,000. Stifel Financial Corp acquired a new stake in Waystar in the 3rd quarter valued at about $204,000. Pictet Asset Management Holding SA bought a new position in shares of Waystar during the 4th quarter valued at about $237,000. Finally, Dakota Wealth Management acquired a new position in shares of Waystar in the 4th quarter worth approximately $264,000.

Analyst Upgrades and Downgrades

WAY has been the subject of a number of research reports. Bank of America raised their target price on shares of Waystar from $36.00 to $43.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Truist Financial initiated coverage on Waystar in a research report on Friday, March 14th. They set a "buy" rating and a $45.00 target price on the stock. Jefferies Financial Group started coverage on Waystar in a research report on Tuesday, February 11th. They issued a "buy" rating and a $51.00 price target for the company. Barclays cut 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. Finally, The Goldman Sachs Group boosted their price target on shares of Waystar from $44.00 to $52.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Twelve equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $40.08.

Waystar Trading Up 3.5 %

Waystar stock traded up $1.38 during trading hours on Friday, hitting $40.84. 916,358 shares of the stock were exchanged, compared to its average volume of 1,389,025. Waystar Holding Corp. has a 12 month low of $20.26 and a 12 month high of $48.11. The business's 50-day moving average is $37.79 and its two-hundred day moving average is $35.93. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.55 and a quick ratio of 2.29.

Waystar (NASDAQ:WAY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. The business had revenue of $256.44 million during the quarter, compared to the consensus estimate of $248.47 million. The company's revenue for the quarter was up 14.1% on a year-over-year basis. On average, sell-side analysts forecast that Waystar Holding Corp. will post 0.39 EPS for the current year.

Insider Transactions at Waystar

In other Waystar news, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $40.00, for a total value of $300,686,720.00. Following the sale, the insider now directly owns 29,692,286 shares in the company, valued at approximately $1,187,691,440. This trade represents a 20.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Matthew J. Hawkins sold 46,667 shares of the business's stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $36.36, for a total transaction of $1,696,812.12. Following the completion of the transaction, the chief executive officer now directly owns 500,000 shares of the company's stock, valued at $18,180,000. This trade represents a 8.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,411,461 shares of company stock worth $528,743,995 over the last 90 days.

Waystar Company Profile

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