Blair William & Co. IL Purchases 14,000 Shares of Waystar Holding Corp. (NASDAQ:WAY)

Blair William & Co. IL lifted its position in shares of Waystar Holding Corp. (NASDAQ:WAY) by 30.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,542 shares of the company’s stock after purchasing an additional 14,000 shares during the period. Blair William & Co. IL’s holdings in Waystar were worth $2,185,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in WAY. Charles Schwab Investment Management Inc. bought a new stake in shares of Waystar in the third quarter worth $10,224,000. Cerity Partners LLC grew its position in shares of Waystar by 1.5% in the 3rd quarter. Cerity Partners LLC now owns 46,699 shares of the company’s stock valued at $1,302,000 after buying an additional 699 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Waystar in the third quarter valued at about $526,000. FMR LLC bought a new position in shares of Waystar during the third quarter worth about $1,421,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of Waystar in the third quarter worth approximately $1,006,000.

Analyst Ratings Changes

A number of analysts have weighed in on WAY shares. Canaccord Genuity Group increased their target price on shares of Waystar from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, February 24th. Truist Financial started coverage on shares of Waystar in a research note on Friday, March 14th. They set a “buy” rating and a $45.00 target price for the company. The Goldman Sachs Group boosted their target price on shares of Waystar from $44.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Barclays lifted their price objective on Waystar from $42.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Finally, Bank of America upped their target price on Waystar from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Twelve analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Waystar currently has an average rating of “Buy” and a consensus target price of $40.75.

Waystar Stock Down 1.1 %

Shares of WAY opened at $36.94 on Wednesday. The business’s fifty day moving average is $40.19 and its 200 day moving average is $34.55. 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 12-month low of $20.26 and a 12-month high of $48.11.

Waystar (NASDAQ:WAY) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.11. The business had revenue of $244.10 million for the quarter, compared to analyst estimates of $232.29 million. On average, research analysts predict that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider T. Craig Bridge sold 182,914 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 519,658 shares in the company, valued at approximately $21,903,584.70. The trade was a 26.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of the 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 completion of the sale, the chief marketing officer now owns 43,478 shares of the company’s stock, valued at approximately $1,832,597.70. This trade represents a 7.25 % decrease in their position. The disclosure for this sale can be found here. In the last ninety 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.