Stifel Financial Corp Invests $204,000 in Waystar Holding Corp. (NASDAQ:WAY)

Stifel Financial Corp acquired a new stake in Waystar Holding Corp. (NASDAQ:WAY) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,315 shares of the company’s stock, valued at approximately $204,000.

Other institutional investors have also recently added to or reduced their stakes in the company. TD Asset Management Inc purchased a new stake in Waystar during the second quarter worth $1,633,000. American Century Companies Inc. acquired a new position in shares of Waystar during the 2nd quarter worth $28,357,000. Federated Hermes Inc. purchased a new stake in shares of Waystar in the 2nd quarter worth about $430,000. Canada Pension Plan Investment Board acquired a new stake in Waystar in the 2nd quarter valued at about $800,003,000. Finally, Sei Investments Co. acquired a new stake in Waystar in the 2nd quarter valued at about $1,435,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Evercore ISI boosted their price target on Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. 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. The Goldman Sachs Group raised their price target on shares of Waystar from $34.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Royal Bank of Canada lifted their price target on shares of Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Canaccord Genuity Group upped their price objective on shares of Waystar from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Ten research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $32.90.

Waystar Trading Down 2.3 %

Shares of Waystar stock opened at $37.06 on Tuesday. Waystar Holding Corp. has a twelve month low of $20.26 and a twelve month high of $38.35. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.29. The business’s 50 day moving average is $31.54.

Waystar (NASDAQ:WAY) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $240.10 million during the quarter, compared to analyst estimates of $223.82 million. The firm’s revenue was up 21.7% on a year-over-year basis. Research analysts anticipate that Waystar Holding Corp. will post 0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Steven M. Oreskovich sold 16,666 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 173,642 shares in the company, valued at approximately $5,884,727.38. This trade represents a 8.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

About Waystar

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