Waystar Holding Corp. (NASDAQ:WAY) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in Waystar Holding Corp. (NASDAQ:WAY) by 26.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,991,336 shares of the company’s stock after purchasing an additional 1,054,180 shares during the period. Vanguard Group Inc.’s holdings in Waystar were worth $183,182,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. acquired a new position in shares of Waystar in the 3rd quarter valued at $10,224,000. The Manufacturers Life Insurance Company purchased a new position in Waystar in the third quarter valued at $526,000. FMR LLC acquired a new position in shares of Waystar in the third quarter worth about $1,421,000. BNP Paribas Financial Markets purchased a new stake in shares of Waystar during the 3rd quarter worth about $1,006,000. Finally, MetLife Investment Management LLC acquired a new stake in shares of Waystar during the 3rd quarter valued at about $692,000.

Waystar Price Performance

Shares of NASDAQ WAY opened at $34.93 on Monday. Waystar Holding Corp. has a 52 week low of $20.26 and a 52 week high of $48.11. The firm has a 50-day simple moving average of $40.07 and a 200-day simple moving average of $34.75. 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) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $232.29 million. Equities research analysts predict that Waystar Holding Corp. will post 0.39 EPS for the current year.

Analysts Set New Price Targets

WAY has been the subject of a number of analyst reports. Truist Financial assumed coverage on 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 upped their target price on Waystar from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Barclays lifted their price target on shares of Waystar from $42.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Jefferies Financial Group assumed coverage on shares of Waystar in a research report on Tuesday, February 11th. They set a “buy” rating and a $51.00 price objective for the company. Finally, Canaccord Genuity Group increased their price objective on shares of Waystar from $42.00 to $50.00 and gave the company a “buy” rating in a report on Monday, February 24th. Twelve investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $40.75.

Insider Activity at Waystar

In related news, insider T. Craig Bridge sold 182,914 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $42.15, for a total value 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. This represents a 26.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of Waystar stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $42.15, for a total transaction of $143,310.00. Following the transaction, the chief marketing officer now directly owns 43,478 shares in the company, valued at $1,832,597.70. This trade represents a 7.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,356,171 shares of company stock valued at $526,733,651.

About Waystar

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