Janus Henderson Group PLC grew its position in Waystar Holding Corp. (NASDAQ:WAY – Free Report) by 152.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,991,050 shares of the company’s stock after acquiring an additional 1,201,359 shares during the quarter. Janus Henderson Group PLC’s holdings in Waystar were worth $48,005,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in Waystar by 149.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,998 shares of the company’s stock worth $145,000 after purchasing an additional 3,598 shares in the last quarter. California State Teachers Retirement System raised its holdings in Waystar by 32.8% in the first quarter. California State Teachers Retirement System now owns 140,729 shares of the company’s stock valued at $3,393,000 after buying an additional 34,729 shares during the period. Quantinno Capital Management LP lifted its position in Waystar by 1,399.7% during the first quarter. Quantinno Capital Management LP now owns 163,915 shares of the company’s stock valued at $3,952,000 after buying an additional 152,985 shares in the last quarter. Gabelli Funds LLC grew its stake in Waystar by 76.5% during the first quarter. Gabelli Funds LLC now owns 15,000 shares of the company’s stock worth $362,000 after buying an additional 6,500 shares during the period. Finally, Keebeck Wealth Management increased its position in shares of Waystar by 13.5% in the first quarter. Keebeck Wealth Management now owns 14,759 shares of the company’s stock worth $356,000 after acquiring an additional 1,752 shares in the last quarter.
Waystar Trading Up 0.8%
WAY opened at $21.11 on Friday. The firm’s 50 day moving average is $20.80 and its 200-day moving average is $23.20. Waystar Holding Corp. has a 52-week low of $17.26 and a 52-week high of $41.47. The company has a quick ratio of 1.76, a current ratio of 1.85 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $4.05 billion, a P/E ratio of 30.16, a P/E/G ratio of 0.83 and a beta of 0.08.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Raymond James Financial reissued a “strong-buy” rating and issued a $32.00 target price on shares of Waystar in a research note on Thursday, April 30th. Barclays lowered their price target on Waystar from $36.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Wall Street Zen lowered Waystar from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. JPMorgan Chase & Co. reduced their price objective on Waystar from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Finally, Wells Fargo & Company decreased their target price on Waystar from $36.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Waystar presently has an average rating of “Moderate Buy” and an average price target of $35.14.
Read Our Latest Stock Analysis on WAY
About Waystar
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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