Squarepoint Ops LLC Purchases 45,326 Shares of Waystar Holding Corp. $WAY

Squarepoint Ops LLC boosted its holdings in Waystar Holding Corp. (NASDAQ:WAYFree Report) by 473.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,891 shares of the company’s stock after buying an additional 45,326 shares during the quarter. Squarepoint Ops LLC’s holdings in Waystar were worth $2,243,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Central Pacific Bank Trust Division bought a new position in shares of Waystar during the second quarter valued at $33,000. Nisa Investment Advisors LLC raised its position in Waystar by 50.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,065 shares of the company’s stock worth $44,000 after purchasing an additional 358 shares during the last quarter. State of Wyoming acquired a new position in Waystar during the 1st quarter worth about $54,000. EverSource Wealth Advisors LLC grew its position in shares of Waystar by 3,219.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock valued at $57,000 after buying an additional 1,352 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Waystar in the first quarter valued at about $60,000.

Waystar Price Performance

Waystar stock opened at $32.58 on Friday. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 52.55, a PEG ratio of 0.49 and a beta of 0.64. Waystar Holding Corp. has a 52-week low of $29.40 and a 52-week high of $48.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.89 and a current ratio of 3.89. The stock’s 50 day moving average price is $35.75 and its two-hundred day moving average price is $37.01.

Insider Activity at Waystar

In other news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $37.00, for a total value of $125,800.00. Following the completion of the sale, the chief marketing officer directly owned 193,261 shares in the company, valued at $7,150,657. This trade represents a 1.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Matthew J. Hawkins sold 12,800 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $38.08, for a total value of $487,424.00. Following the completion of the sale, the chief executive officer directly owned 717,474 shares of the company’s stock, valued at $27,321,409.92. The trade was a 1.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 83,372 shares of company stock valued at $3,029,285. Company insiders own 4.10% of the company’s stock.

Analyst Ratings Changes

WAY has been the topic of a number of recent analyst reports. Needham & Company LLC initiated coverage on Waystar in a research note on Tuesday, November 11th. They issued a “buy” rating and a $46.00 price objective on the stock. Mizuho raised their price target on shares of Waystar from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Robert W. Baird assumed coverage on shares of Waystar in a research note on Friday, September 5th. They issued an “outperform” rating and a $44.00 price objective on the stock. BMO Capital Markets began coverage on shares of Waystar in a research note on Thursday, November 13th. They set an “outperform” rating and a $47.00 target price for the company. Finally, Citigroup boosted their target price on shares of Waystar from $47.00 to $49.00 and gave the company a “buy” rating in a report on Friday, October 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Waystar currently has an average rating of “Buy” and a consensus target price of $47.57.

Check Out Our Latest Report on WAY

Waystar Profile

(Free Report)

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

Further Reading

Institutional Ownership by Quarter for Waystar (NASDAQ:WAY)

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