Capricorn Fund Managers Ltd trimmed its position in Waystar Holding Corp. (NASDAQ:WAY – Free Report) by 93.8% during the first quarter, Holdings Channel reports. The firm owned 45,709 shares of the company’s stock after selling 692,554 shares during the quarter. Capricorn Fund Managers Ltd’s holdings in Waystar were worth $1,102,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of the company. Kennedy Capital Management LLC lifted its stake in Waystar by 0.5% in the 4th quarter. Kennedy Capital Management LLC now owns 106,207 shares of the company’s stock valued at $3,478,000 after purchasing an additional 559 shares during the last quarter. Pacer Advisors Inc. increased its position in Waystar by 22.1% during the fourth quarter. Pacer Advisors Inc. now owns 3,144 shares of the company’s stock worth $103,000 after buying an additional 569 shares during the last quarter. State of Wyoming raised its stake in Waystar by 45.1% in the second quarter. State of Wyoming now owns 2,098 shares of the company’s stock valued at $86,000 after buying an additional 652 shares during the period. EverSource Wealth Advisors LLC raised its stake in Waystar by 51.6% in the third quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company’s stock valued at $80,000 after buying an additional 719 shares during the period. Finally, ProShare Advisors LLC lifted its position in shares of Waystar by 3.7% in the fourth quarter. ProShare Advisors LLC now owns 21,474 shares of the company’s stock valued at $703,000 after buying an additional 764 shares during the last quarter.
Waystar Trading Up 2.8%
Shares of NASDAQ:WAY opened at $20.53 on Wednesday. Waystar Holding Corp. has a 12-month low of $17.26 and a 12-month high of $41.47. The business has a 50 day moving average of $20.39 and a 200-day moving average of $24.79. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.37. The stock has a market cap of $3.94 billion, a PE ratio of 30.64, a P/E/G ratio of 0.79 and a beta of 0.10.
Wall Street Analysts Forecast Growth
WAY has been the subject of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $33.00 target price on shares of Waystar in a research note on Thursday, April 30th. Raymond James Financial restated a “strong-buy” rating and issued a $32.00 price target on shares of Waystar in a research note on Thursday, April 30th. Wall Street Zen downgraded Waystar from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Barclays reduced their price objective on shares of Waystar from $36.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Waystar from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.62.
View Our Latest Stock Report on WAY
Waystar Company Profile
Waystar (NASDAQ:WAY) is a leading provider of cloud-based revenue cycle management and payment solutions for healthcare organizations. The company’s unified platform streamlines the entire financial continuum of patient care, from eligibility verification and claim submission to payment reconciliation and patient billing. By automating key processes and improving claim accuracy, Waystar helps providers reduce administrative overhead, accelerate cash flow and enhance overall revenue performance.
At the core of Waystar’s offering is a SaaS-based architecture that integrates seamlessly with existing electronic health record (EHR) systems and payer networks.
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