7,700 Shares in Waystar Holding Corp. (NASDAQ:WAY) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in Waystar Holding Corp. (NASDAQ:WAY) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,700 shares of the company’s stock, valued at approximately $283,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. increased its position in shares of Waystar by 0.4% in the fourth quarter. American Century Companies Inc. now owns 1,476,236 shares of the company’s stock valued at $54,178,000 after buying an additional 6,409 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Waystar in the 4th quarter valued at about $1,622,000. Swiss National Bank purchased a new position in Waystar during the 4th quarter valued at about $3,009,000. Burkehill Global Management LP acquired a new position in Waystar during the fourth quarter worth about $23,855,000. Finally, AGF Management Ltd. purchased a new stake in shares of Waystar in the fourth quarter valued at about $7,778,000.

Analysts Set New Price Targets

Several brokerages recently issued reports on WAY. 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. The Goldman Sachs Group upped their price objective on Waystar from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Jefferies Financial Group started coverage on Waystar in a research report on Tuesday, February 11th. They set a “buy” rating and a $51.00 price objective for the company. 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. Finally, Truist Financial initiated coverage on shares of Waystar in a report on Friday, March 14th. They set a “buy” rating and a $45.00 price target for the company. Twelve investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $40.75.

Insider Activity at Waystar

In other Waystar news, insider T. Craig Bridge sold 182,914 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $42.15, for a total value of $7,709,825.10. Following the transaction, the insider now directly owns 519,658 shares of the company’s stock, valued at $21,903,584.70. This trade represents a 26.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul G. Moskowitz sold 5,652,689 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $38.60, for a total value of $218,193,795.40. Following the completion of the sale, the director now directly owns 22,327,728 shares of the company’s stock, valued at $861,850,300.80. The trade was a 20.20 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,356,171 shares of company stock worth $526,733,651.

Waystar Stock Down 5.5 %

WAY stock opened at $34.93 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.55. The business has a fifty day simple moving average of $40.07 and a 200-day simple moving average of $34.75. Waystar Holding Corp. has a 52 week low of $20.26 and a 52 week high of $48.11.

Waystar (NASDAQ:WAY) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.11. The firm had revenue of $244.10 million during the quarter, compared to analysts’ expectations of $232.29 million. As a group, analysts predict that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Waystar Company Profile

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