Legato Capital Management LLC Makes New Investment in Waystar Holding Corp. (NASDAQ:WAY)

Legato Capital Management LLC purchased a new stake in Waystar Holding Corp. (NASDAQ:WAY) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 11,438 shares of the company’s stock, valued at approximately $420,000.

Other institutional investors have also recently made changes to their positions in the company. Amalgamated Bank bought a new stake in shares of Waystar in the 3rd quarter valued at about $41,000. Smithfield Trust Co bought a new stake in shares of Waystar in the 3rd quarter valued at about $68,000. RiverPark Advisors LLC bought a new stake in shares of Waystar in the 3rd quarter valued at about $78,000. Stifel Financial Corp bought a new stake in shares of Waystar in the 3rd quarter valued at about $204,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Waystar in the 3rd quarter valued at about $222,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on WAY shares. Canaccord Genuity Group upped their price target on Waystar from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. 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. The Goldman Sachs Group upped their target price on Waystar from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Raymond James upgraded Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 target price on the stock in a research report on Friday, November 22nd. Finally, Jefferies Financial Group assumed coverage on Waystar in a research report on Tuesday. They set a “buy” rating and a $51.00 target price on the stock. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $36.55.

Insider Transactions at Waystar

In other news, CFO Steven M. Oreskovich sold 16,666 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 173,642 shares of the company’s stock, valued at $5,884,727.38. This represents a 8.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Waystar Price Performance

WAY stock opened at $45.35 on Friday. The stock’s 50 day simple moving average is $37.83 and its 200 day simple moving average is $31.09. Waystar Holding Corp. has a fifty-two week low of $20.26 and a fifty-two week high of $45.49. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.40.

Waystar Company Profile

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