Peak6 LLC Takes Position in Waystar Holding Corp. (NASDAQ:WAY)

Peak6 LLC acquired a new position in shares of Waystar Holding Corp. (NASDAQ:WAY) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 23,824 shares of the company’s stock, valued at approximately $874,000.

Several other institutional investors have also recently bought and sold shares of WAY. Global Retirement Partners LLC acquired a new position in Waystar during the fourth quarter valued at approximately $25,000. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Waystar in the 4th quarter valued at approximately $48,000. Pictet Asset Management Holding SA bought a new position in shares of Waystar in the fourth quarter valued at $237,000. Dakota Wealth Management bought a new stake in Waystar during the fourth quarter worth $264,000. Finally, Stifel Financial Corp acquired a new stake in Waystar in the third quarter valued at $204,000.

Waystar Trading Down 0.7 %

WAY opened at $36.45 on Monday. The company has a 50-day simple moving average of $39.02 and a 200 day simple moving average of $35.46. The company has a quick ratio of 2.29, a current ratio of 2.55 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.

Waystar (NASDAQ:WAY) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.15 by $0.11. The firm 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 earnings per share for the current fiscal year.

Insider Activity at Waystar

In other Waystar news, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $40.00, for a total transaction of $300,686,720.00. Following the sale, the insider now owns 29,692,286 shares of the company’s stock, valued at approximately $1,187,691,440. The trade was a 20.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew J. Hawkins sold 46,667 shares of the firm’s stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $36.36, for a total value of $1,696,812.12. Following the sale, the chief executive officer now directly owns 500,000 shares in the company, valued at approximately $18,180,000. This trade represents a 8.54 % decrease in their position. 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 ninety days.

Analysts Set New Price Targets

WAY has been the topic of a number of research analyst reports. Canaccord Genuity Group upped their target price on shares of Waystar from $42.00 to $50.00 and gave the company a “buy” rating in a report on Monday, February 24th. Bank of America lifted their target price on Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Truist Financial initiated coverage on Waystar in a research note on Friday, March 14th. They issued a “buy” rating and a $45.00 price target on the stock. 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, The Goldman Sachs Group increased their price objective on shares of Waystar from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Twelve analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $40.33.

About Waystar

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