Waystar Holding Corp. (NASDAQ:WAY) Shares Bought by Deutsche Bank AG

Deutsche Bank AG raised its holdings in Waystar Holding Corp. (NASDAQ:WAY) by 64.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,847 shares of the company’s stock after purchasing an additional 13,715 shares during the quarter. Deutsche Bank AG’s holdings in Waystar were worth $1,279,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WAY. Barclays PLC increased its stake in Waystar by 701.7% during the third quarter. Barclays PLC now owns 64,934 shares of the company’s stock worth $1,811,000 after acquiring an additional 56,834 shares during the last quarter. Dakota Wealth Management purchased a new stake in Waystar during the fourth quarter worth about $264,000. Entropy Technologies LP acquired a new stake in shares of Waystar during the fourth quarter worth about $289,000. Aubrey Capital Management Ltd purchased a new position in shares of Waystar in the fourth quarter valued at approximately $3,120,000. Finally, Legato Capital Management LLC acquired a new position in shares of Waystar in the fourth quarter valued at approximately $420,000.

Waystar Price Performance

Shares of Waystar stock opened at $38.62 on Monday. The business’s fifty day moving average price is $37.90 and its 200 day moving average price is $37.33. Waystar Holding Corp. has a twelve month low of $20.26 and a twelve month high of $48.11. The company has a current ratio of 2.55, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $6.68 billion and a P/E ratio of 429.11.

Waystar (NASDAQ:WAY) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. The company had revenue of $256.44 million during the quarter, compared to analyst estimates of $248.47 million. The company’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, research analysts anticipate that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group began coverage on shares of Waystar in a report on Tuesday, February 11th. They issued a “buy” rating and a $51.00 price objective on the stock. Truist Financial set a $50.00 price target on Waystar and gave the company a “buy” rating in a research note on Wednesday, May 7th. Barclays decreased their price target on Waystar from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Monday, April 14th. The Goldman Sachs Group increased their price objective on Waystar from $44.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Finally, Canaccord Genuity Group cut their target price on Waystar from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Twelve research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $40.50.

Insider Activity at Waystar

In other Waystar news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the business’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $39.19, for a total transaction of $133,246.00. Following the completion of the transaction, the chief marketing officer now directly owns 198,556 shares of the company’s stock, valued at $7,781,409.64. The trade was a 1.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Canada Pension Plan Investment sold 4,111,357 shares of Waystar stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $37.39, for a total transaction of $153,723,638.23. Following the sale, the insider now owns 25,580,929 shares in the company, valued at approximately $956,470,935.31. This represents a 13.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,498,747 shares of company stock valued at $318,702,871 in the last quarter. Insiders own 4.10% of the company’s stock.

Waystar Profile

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