New York State Common Retirement Fund Sells 16,629 Shares of Waystar Holding Corp. (NASDAQ:WAY)

New York State Common Retirement Fund trimmed its stake in shares of Waystar Holding Corp. (NASDAQ:WAY) by 4.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 381,455 shares of the company’s stock after selling 16,629 shares during the quarter. New York State Common Retirement Fund’s holdings in Waystar were worth $13,999,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WAY. ArrowMark Colorado Holdings LLC boosted its position in Waystar by 36.5% during the third quarter. ArrowMark Colorado Holdings LLC now owns 3,402,294 shares of the company’s stock valued at $94,890,000 after acquiring an additional 909,715 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Waystar by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company’s stock valued at $37,531,000 after purchasing an additional 96,552 shares during the period. Jennison Associates LLC boosted its position in shares of Waystar by 4.3% during the 3rd quarter. Jennison Associates LLC now owns 1,129,164 shares of the company’s stock valued at $31,492,000 after purchasing an additional 46,264 shares in the last quarter. Geode Capital Management LLC grew its stake in 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 during the period. Finally, State Street Corp bought a new stake in Waystar in the third quarter worth approximately $16,816,000.

Insider Buying and Selling at Waystar

In other Waystar news, CFO Steven M. Oreskovich sold 16,666 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $33.89, for a total value of $564,810.74. Following the completion of the sale, the chief financial officer now directly owns 173,642 shares of the company’s stock, valued at approximately $5,884,727.38. This represents a 8.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WAY. Barclays increased their price target on Waystar from $42.00 to $50.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Bank of America increased their target price 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. Royal Bank of Canada lifted their price target on shares of Waystar from $31.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Canaccord Genuity Group increased their price objective on shares of Waystar from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, The Goldman Sachs Group raised their target price on Waystar from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Waystar currently has a consensus rating of “Buy” and a consensus price target of $39.64.

Waystar Trading Up 3.0 %

WAY opened at $42.21 on Monday. Waystar Holding Corp. has a fifty-two week low of $20.26 and a fifty-two week high of $48.11. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.55. The company’s 50-day moving average is $39.14 and its 200 day moving average is $32.11.

Waystar (NASDAQ:WAY) last posted its earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.11. The company had revenue of $244.10 million during the quarter, compared to the consensus estimate of $232.29 million. On average, equities research analysts anticipate that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Waystar Profile

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