Invesco Ltd. Boosts Stock Position in Waystar Holding Corp. (NASDAQ:WAY)

Invesco Ltd. lifted its holdings in shares of Waystar Holding Corp. (NASDAQ:WAY) by 10.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,160 shares of the company’s stock after purchasing an additional 2,036 shares during the period. Invesco Ltd.’s holdings in Waystar were worth $813,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Global Retirement Partners LLC bought a new position in Waystar in the 4th quarter worth approximately $25,000. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Waystar during the fourth quarter worth $48,000. Pictet Asset Management Holding SA bought a new position in shares of Waystar in the fourth quarter worth $237,000. Dakota Wealth Management bought a new stake in shares of Waystar during the fourth quarter valued at about $264,000. Finally, Smithfield Trust Co lifted its holdings in shares of Waystar by 210.5% in the fourth quarter. Smithfield Trust Co now owns 7,560 shares of the company’s stock worth $277,000 after buying an additional 5,125 shares in the last quarter.

Waystar Stock Up 3.1 %

Waystar stock opened at $40.68 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.55 and a debt-to-equity ratio of 0.40. The business’s fifty day moving average is $37.77 and its 200 day moving average is $36.02. Waystar Holding Corp. has a one year low of $20.26 and a one year high of $48.11.

Waystar (NASDAQ:WAY) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. The firm had revenue of $256.44 million during the quarter, compared to the consensus estimate of $248.47 million. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. Equities analysts anticipate that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Jefferies Financial Group began coverage on Waystar in a report on Tuesday, February 11th. They issued a “buy” rating and a $51.00 price target on the stock. Truist Financial initiated coverage on shares of Waystar in a research note on Friday, March 14th. They issued a “buy” rating and a $45.00 price objective for the company. Barclays lowered their target price on Waystar from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Bank of America boosted their price objective on shares of Waystar from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, Canaccord Genuity Group dropped their price target on Waystar from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday. Twelve investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $40.08.

Insider Transactions at Waystar

In other Waystar news, CEO Matthew J. Hawkins sold 46,667 shares of the business’s stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $36.36, for a total transaction of $1,696,812.12. Following the completion of the sale, the chief executive officer now owns 500,000 shares of the company’s stock, valued at approximately $18,180,000. The trade was a 8.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $42.15, for a total value of $143,310.00. Following the completion of the transaction, the chief marketing officer now directly owns 43,478 shares in the company, valued at $1,832,597.70. This trade represents a 7.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,411,461 shares of company stock worth $528,743,995 in the last quarter.

Waystar Profile

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