7,952 Shares in Waystar Holding Corp. (NASDAQ:WAY) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in Waystar Holding Corp. (NASDAQ:WAY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,952 shares of the company’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Ghisallo Capital Management LLC acquired a new position in shares of Waystar in the second quarter worth about $12,900,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Waystar in the 2nd quarter worth approximately $27,950,000. Sculptor Capital LP acquired a new position in Waystar in the 2nd quarter worth approximately $791,000. Amalgamated Bank purchased a new position in Waystar during the 3rd quarter worth approximately $41,000. Finally, Point72 Asset Management L.P. raised its stake in Waystar by 154.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 96,053 shares of the company’s stock valued at $2,679,000 after purchasing an additional 58,253 shares during the period.

Waystar Trading Down 2.2 %

WAY opened at $34.70 on Thursday. The business’s 50-day moving average is $30.21. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.40. Waystar Holding Corp. has a 52-week low of $20.26 and a 52-week high of $36.63.

Waystar (NASDAQ:WAY) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. The company had revenue of $240.10 million for the quarter, compared to analyst estimates of $223.82 million. The company’s revenue was up 21.7% compared to the same quarter last year. As a group, equities research analysts forecast that Waystar Holding Corp. will post 0.03 earnings per share for the current year.

Insider Activity

In related news, CFO Steven M. Oreskovich sold 16,666 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $33.89, for a total transaction of $564,810.74. Following the completion of the transaction, the chief financial officer now directly owns 173,642 shares in the company, valued at $5,884,727.38. This represents a 8.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on WAY shares. The Goldman Sachs Group lifted their price target on Waystar from $34.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Bank of America upped their target price on Waystar from $27.00 to $32.00 and gave the company a “buy” rating in a report on Monday, October 14th. Canaccord Genuity Group raised their price target on shares of Waystar from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Evercore ISI upped their price objective on shares of Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Raymond James raised shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 target price for the company in a research note on Friday, November 22nd. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Waystar presently has a consensus rating of “Buy” and a consensus target price of $32.90.

About Waystar

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