Schonfeld Strategic Advisors LLC Invests $503,000 in Waystar Holding Corp. (NASDAQ:WAY)

Schonfeld Strategic Advisors LLC acquired a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,700 shares of the company’s stock, valued at approximately $503,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Barclays PLC grew its holdings in Waystar by 701.7% during the third quarter. Barclays PLC now owns 64,934 shares of the company’s stock worth $1,811,000 after acquiring an additional 56,834 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Waystar during the 4th quarter valued at $1,504,000. Perpetual Ltd bought a new stake in shares of Waystar during the 4th quarter worth $558,000. M&T Bank Corp raised its position in shares of Waystar by 16.7% during the fourth quarter. M&T Bank Corp now owns 74,390 shares of the company’s stock worth $2,730,000 after purchasing an additional 10,644 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Waystar by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 377,710 shares of the company’s stock valued at $13,862,000 after purchasing an additional 11,117 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have commented on WAY. Barclays reduced their price objective on shares of Waystar from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group raised their price objective on shares of Waystar from $44.00 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Truist Financial set a $50.00 target price on shares of Waystar and gave the company a “buy” rating in a research note on Wednesday. Jefferies Financial Group started coverage on Waystar in a research report on Tuesday, February 11th. They issued a “buy” rating and a $51.00 target price for the company. Finally, Canaccord Genuity Group dropped their price target on Waystar from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Twelve analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Waystar has a consensus rating of “Buy” and an average price target of $40.50.

Insider Buying and Selling at Waystar

In other news, CMO Melissa F. (Missy) Miller sold 3,400 shares of Waystar stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $42.15, for a total value of $143,310.00. Following the transaction, the chief marketing officer now directly owns 43,478 shares in the company, valued at approximately $1,832,597.70. The trade was a 7.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Christopher L. Schremser sold 8,623 shares of the stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $36.36, for a total value of $313,532.28. Following the sale, the chief technology officer now owns 438,044 shares of the company’s stock, valued at approximately $15,927,279.84. The trade was a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,411,461 shares of company stock worth $528,743,995 over the last 90 days.

Waystar Stock Down 1.2 %

WAY stock opened at $40.01 on Friday. The company has a current ratio of 2.55, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. The firm has a market cap of $6.92 billion and a PE ratio of 444.56. Waystar Holding Corp. has a 1 year low of $20.26 and a 1 year high of $48.11. The company has a fifty day simple moving average of $37.57 and a 200 day simple moving average of $36.53.

Waystar (NASDAQ:WAY) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. The company had revenue of $256.44 million for the quarter, compared to the consensus estimate of $248.47 million. The company’s revenue was up 14.1% on a year-over-year basis. Sell-side analysts anticipate that Waystar Holding Corp. will post 0.39 EPS 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.