Perpetual Ltd Acquires New Position in Waystar Holding Corp. (NASDAQ:WAY)

Perpetual Ltd bought a new position in Waystar Holding Corp. (NASDAQ:WAY) in the 4th quarter, HoldingsChannel.com reports. The fund bought 15,216 shares of the company’s stock, valued at approximately $558,000.

Several other hedge funds and other institutional investors have also bought and sold shares of WAY. M&T Bank Corp raised its position in Waystar by 116.6% during the 3rd quarter. M&T Bank Corp now owns 63,746 shares of the company’s stock valued at $1,778,000 after purchasing an additional 34,316 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Waystar by 7.7% during the third 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. Ghisallo Capital Management LLC purchased a new stake in Waystar in the second quarter worth $12,900,000. Barclays PLC boosted its holdings in Waystar by 701.7% in the third quarter. Barclays PLC now owns 64,934 shares of the company’s stock valued at $1,811,000 after acquiring an additional 56,834 shares in the last quarter. Finally, State Street Corp purchased a new position in Waystar during the 3rd quarter valued at $16,816,000.

Insider Transactions at Waystar

In other news, CFO Steven M. Oreskovich sold 16,666 shares of Waystar stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $33.89, for a total value of $564,810.74. Following the completion of the sale, the chief financial officer now directly owns 173,642 shares in the company, valued at $5,884,727.38. The trade was a 8.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Analysts Set New Price Targets

WAY has been the topic of several research analyst reports. Bank of America boosted 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 increased their target price on Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. The Goldman Sachs Group lifted their price target on Waystar from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Canaccord Genuity Group increased their price objective on Waystar from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, Evercore ISI boosted their target price on shares of Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $35.10.

Waystar Trading Up 0.2 %

Shares of Waystar stock opened at $38.17 on Thursday. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. Waystar Holding Corp. has a 1 year low of $20.26 and a 1 year high of $38.84. The firm’s 50-day moving average is $34.37 and its 200 day moving average is $28.98.

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

Waystar Company Profile

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