15,216 Shares in Waystar Holding Corp. (NASDAQ:WAY) Acquired by Perpetual Ltd

Perpetual Ltd acquired a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,216 shares of the company’s stock, valued at approximately $558,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Deerfield Management Company L.P. Series C acquired a new stake in Waystar in the second quarter valued at about $106,468,000. TPG GP A LLC acquired a new stake in shares of Waystar in the 2nd quarter valued at approximately $85,910,000. ArrowMark Colorado Holdings LLC lifted its stake in shares of Waystar by 36.5% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 3,402,294 shares of the company’s stock valued at $94,890,000 after acquiring an additional 909,715 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Waystar by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company’s stock valued at $37,531,000 after acquiring an additional 96,552 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Waystar during the 2nd quarter worth $27,950,000.

Wall Street Analyst Weigh In

A number of analysts have recently commented on WAY shares. Evercore ISI lifted their price target on Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Bank of America upped their price target on shares of Waystar from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Royal Bank of Canada lifted their price target on shares of Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Canaccord Genuity Group boosted their price objective on shares of Waystar from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, Raymond James raised Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 target price for the company in a research report on Friday, November 22nd. Ten investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $35.10.

Waystar Stock Performance

Shares of Waystar stock opened at $38.17 on Thursday. The stock’s 50-day moving average is $34.37 and its 200 day moving average is $28.98. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.29. Waystar Holding Corp. has a one year low of $20.26 and a one year high of $38.84.

Waystar (NASDAQ:WAY) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The company had revenue of $240.10 million for the quarter, compared to analyst estimates of $223.82 million. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. As a group, equities analysts anticipate that Waystar Holding Corp. will post 0.03 EPS for the current fiscal year.

Insider Transactions at Waystar

In other Waystar news, CFO Steven M. Oreskovich sold 16,666 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $33.89, for a total value of $564,810.74. Following the transaction, the chief financial officer now owns 173,642 shares of the company’s stock, valued at approximately $5,884,727.38. The trade was a 8.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Waystar Profile

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