MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $901,000 Stock Holdings in Waystar Holding Corp. (NASDAQ:WAY)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Waystar Holding Corp. (NASDAQ:WAY) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,547 shares of the company’s stock after purchasing an additional 960 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Waystar were worth $901,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of WAY. Vanguard Group Inc. grew its position in Waystar by 26.8% during the 4th quarter. Vanguard Group Inc. now owns 4,991,336 shares of the company’s stock worth $183,182,000 after purchasing an additional 1,054,180 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its holdings in shares of Waystar by 2.3% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 3,482,238 shares of the company’s stock valued at $127,798,000 after purchasing an additional 79,944 shares in the last quarter. Norges Bank acquired a new stake in shares of Waystar in the fourth quarter worth $119,387,000. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Waystar in the fourth quarter worth $56,804,000. Finally, American Century Companies Inc. grew its holdings in shares of Waystar by 0.4% during the fourth quarter. American Century Companies Inc. now owns 1,476,236 shares of the company’s stock valued at $54,178,000 after buying an additional 6,409 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WAY. Jefferies Financial Group began coverage on Waystar in a research note on Tuesday, February 11th. They issued a “buy” rating and a $51.00 price objective for the company. Barclays reduced their price target on shares of Waystar from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group raised their price target on shares of Waystar from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Canaccord Genuity Group dropped their price objective on shares of Waystar from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Finally, Truist Financial set a $50.00 target price on shares of Waystar and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Twelve investment 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, Waystar presently has an average rating of “Buy” and a consensus price target of $40.50.

Insider Transactions at Waystar

In related news, insider T. Craig Bridge sold 182,914 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $42.15, for a total value of $7,709,825.10. Following the completion of the sale, the insider now directly owns 519,658 shares in the company, valued at approximately $21,903,584.70. The trade was a 26.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Canada Pension Plan Investment sold 4,111,357 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $37.39, for a total value of $153,723,638.23. Following the transaction, the insider now owns 25,580,929 shares in the company, valued at approximately $956,470,935.31. This trade represents a 13.85% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,498,747 shares of company stock worth $318,702,871. 4.10% of the stock is owned by corporate insiders.

Waystar Stock Performance

WAY stock opened at $38.62 on Tuesday. The firm has a 50 day moving average of $37.93 and a two-hundred day moving average of $37.38. Waystar Holding Corp. has a 12 month low of $20.26 and a 12 month high of $48.11. The company has a market capitalization of $6.68 billion and a price-to-earnings ratio of 429.11. The company has a quick ratio of 2.29, a current ratio of 2.55 and a debt-to-equity ratio of 0.40.

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

Waystar Company Profile

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