Waystar Holding Corp. (NASDAQ:WAY) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC boosted its position in Waystar Holding Corp. (NASDAQ:WAY) by 6,320.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 8,668 shares of the company’s stock after acquiring an additional 8,533 shares during the quarter. GAMMA Investing LLC’s holdings in Waystar were worth $324,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WAY. Vanguard Group Inc. raised its holdings in Waystar by 26.8% in the fourth quarter. Vanguard Group Inc. now owns 4,991,336 shares of the company’s stock valued at $183,182,000 after acquiring an additional 1,054,180 shares in the last quarter. ArrowMark Colorado Holdings LLC grew its holdings in Waystar by 2.3% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 3,482,238 shares of the company’s stock worth $127,798,000 after acquiring an additional 79,944 shares in the last quarter. Norges Bank acquired a new position in Waystar during the 4th quarter worth $119,387,000. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Waystar in the 4th quarter worth about $56,804,000. Finally, American Century Companies Inc. raised its stake in shares of Waystar by 0.4% in the 4th quarter. American Century Companies Inc. now owns 1,476,236 shares of the company’s stock valued at $54,178,000 after purchasing an additional 6,409 shares in the last quarter.

Insider Activity at Waystar

In related news, CEO Matthew J. Hawkins sold 2,153 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $39.15, for a total value of $84,289.95. Following the sale, the chief executive officer now directly owns 76,413 shares in the company, valued at $2,991,568.95. This trade represents a 2.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of Waystar stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $39.19, for a total value of $133,246.00. Following the sale, the chief marketing officer now directly owns 198,556 shares in the company, valued at $7,781,409.64. The trade was a 1.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,664,620 shares of company stock worth $324,520,903 in the last ninety days. 4.10% of the stock is owned by insiders.

Waystar Trading Down 0.8%

Shares of NASDAQ WAY opened at $37.69 on Friday. Waystar Holding Corp. has a 12-month low of $20.26 and a 12-month high of $48.11. The company has a market cap of $6.52 billion and a price-to-earnings ratio of 418.82. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.39. The stock’s 50 day simple moving average is $38.75 and its 200 day simple moving average is $38.40.

Waystar (NASDAQ:WAY) last issued its earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. Waystar had a return on equity of 3.10% and a net margin of 2.67%. The firm had revenue of $256.44 million for the quarter, compared to analyst estimates of $248.47 million. Waystar’s quarterly revenue was up 14.1% compared to the same quarter last year. Equities research analysts expect that Waystar Holding Corp. will post 0.39 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on WAY shares. TD Cowen upgraded Waystar to a “strong-buy” rating in a research note on Thursday, June 5th. Truist Financial set a $50.00 target price on Waystar and gave the stock a “buy” rating in a report on Wednesday, May 7th. Barclays lowered their price target on Waystar from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Finally, Canaccord Genuity Group reduced their price objective on Waystar from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Twelve analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Waystar presently has a consensus rating of “Buy” and an average target price of $40.50.

About Waystar

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