Waystar Holding Corp. (NASDAQ:WAY) Shares Sold by Cerity Partners LLC

Cerity Partners LLC lessened its stake in shares of Waystar Holding Corp. (NASDAQ:WAY) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,279 shares of the company’s stock after selling 420 shares during the quarter. Cerity Partners LLC’s holdings in Waystar were worth $1,698,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Waystar by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company’s stock worth $37,531,000 after purchasing an additional 96,552 shares during the last quarter. Barclays PLC grew its stake in shares of Waystar by 701.7% during the 3rd quarter. Barclays PLC now owns 64,934 shares of the company’s stock valued at $1,811,000 after buying an additional 56,834 shares during the period. State Street Corp acquired a new stake in shares of Waystar during the 3rd quarter worth $16,816,000. Jane Street Group LLC purchased a new position in shares of Waystar in the 3rd quarter worth $539,000. Finally, Perpetual Ltd acquired a new position in Waystar in the fourth quarter valued at $558,000.

Waystar Stock Down 0.6 %

Shares of NASDAQ WAY opened at $36.71 on Thursday. The business has a 50 day simple moving average of $39.24 and a 200-day simple moving average of $35.22. Waystar Holding Corp. has a twelve month low of $20.26 and a twelve month high of $48.11. 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 posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, beating the consensus estimate 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. Analysts expect that Waystar Holding Corp. will post 0.39 EPS for the current year.

Insiders Place Their Bets

In other Waystar news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $42.15, for a total transaction of $143,310.00. Following the sale, the chief marketing officer now directly owns 43,478 shares in the company, valued at approximately $1,832,597.70. The trade was a 7.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew J. Hawkins sold 46,667 shares of the stock in a transaction that occurred 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 owns 500,000 shares of the company’s stock, valued at $18,180,000. This trade represents a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,411,461 shares of company stock valued at $528,743,995 over the last three months.

Analyst Upgrades and Downgrades

WAY has been the topic of several research analyst reports. Truist Financial assumed coverage on Waystar in a research note on Friday, March 14th. They issued a “buy” rating and a $45.00 price objective on the stock. Barclays decreased their price objective on shares of Waystar from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday. Jefferies Financial Group began coverage on shares of Waystar in a research note on Tuesday, February 11th. They issued a “buy” rating and a $51.00 target price on the stock. The Goldman Sachs Group upped their price target on shares of Waystar from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Finally, Canaccord Genuity Group raised their price objective on Waystar from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, February 24th. Twelve research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $40.33.

About Waystar

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