1,300 Shares in Waystar Holding Corp. (NASDAQ:WAY) Acquired by Mark Sheptoff Financial Planning LLC

Mark Sheptoff Financial Planning LLC purchased a new position in shares of Waystar Holding Corp. (NASDAQ:WAY) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,300 shares of the company’s stock, valued at approximately $48,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Waystar by 26.8% during the 4th quarter. Vanguard Group Inc. now owns 4,991,336 shares of the company’s stock worth $183,182,000 after acquiring an additional 1,054,180 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Waystar by 697.5% during the third quarter. Geode Capital Management LLC now owns 1,101,424 shares of the company’s stock worth $30,724,000 after purchasing an additional 963,316 shares in the last quarter. ArrowMark Colorado Holdings LLC boosted its stake in shares of Waystar by 36.5% in the third quarter. ArrowMark Colorado Holdings LLC now owns 3,402,294 shares of the company’s stock valued at $94,890,000 after purchasing an additional 909,715 shares during the period. Burkehill Global Management LP acquired a new position in shares of Waystar in the fourth quarter valued at approximately $23,855,000. Finally, State Street Corp purchased a new stake in Waystar during the 3rd quarter worth approximately $16,816,000.

Analyst Ratings Changes

Several research firms have commented on WAY. Bank of America boosted their price target on shares of Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Barclays increased their price target on Waystar from $42.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Truist Financial started coverage on Waystar in a research report on Friday, March 14th. They set a “buy” rating and a $45.00 price objective for the company. Canaccord Genuity Group raised 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, The Goldman Sachs Group boosted their price target on shares of Waystar from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Twelve research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Waystar presently has an average rating of “Buy” and a consensus target price of $40.75.

Insider Activity

In other news, insider T. Craig Bridge sold 182,914 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $42.15, for a total transaction of $7,709,825.10. Following the transaction, the insider now directly owns 519,658 shares in the company, valued at $21,903,584.70. The trade was a 26.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $42.15, for a total transaction of $143,310.00. Following the completion of the sale, the chief marketing officer now owns 43,478 shares of the company’s stock, valued at approximately $1,832,597.70. The trade was a 7.25 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,356,171 shares of company stock valued at $526,733,651.

Waystar Price Performance

Waystar stock opened at $38.91 on Wednesday. The stock has a 50-day simple moving average of $40.18 and a 200-day simple moving average of $34.16. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.55 and a quick ratio of 2.29. Waystar Holding Corp. has a fifty-two week low of $20.26 and a fifty-two week high of $48.11.

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

Waystar Profile

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