UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Waystar Holding Corp. (NASDAQ:WAY – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 35,677 shares of the company’s stock, valued at approximately $1,309,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new position in shares of Waystar in the fourth quarter worth about $25,000. Mark Sheptoff Financial Planning LLC acquired a new stake in Waystar in the 4th quarter valued at about $48,000. Gen Wealth Partners Inc purchased a new position in Waystar in the 4th quarter worth approximately $92,000. RiverPark Advisors LLC lifted its stake in Waystar by 25.5% in the 4th quarter. RiverPark Advisors LLC now owns 3,498 shares of the company’s stock worth $128,000 after purchasing an additional 710 shares in the last quarter. Finally, Pictet Asset Management Holding SA acquired a new position in shares of Waystar during the 4th quarter worth approximately $237,000.
Waystar Price Performance
NASDAQ WAY opened at $40.72 on Tuesday. Waystar Holding Corp. has a 1 year low of $20.26 and a 1 year high of $48.11. The company has a fifty day simple moving average of $38.28 and a 200 day simple moving average of $37.99. 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 company has a market cap of $7.05 billion and a P/E ratio of 452.44.
Wall Street Analyst Weigh In
Several research firms have recently commented on WAY. Barclays reduced their price target on shares of Waystar from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group lifted their target price on Waystar from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Canaccord Genuity Group decreased their price target on Waystar from $50.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Jefferies Financial Group began coverage on Waystar in a research report on Tuesday, February 11th. They set a “buy” rating and a $51.00 price objective for the company. Finally, Truist Financial set a $50.00 price objective on shares of Waystar and gave the company a “buy” rating in a report on Wednesday, May 7th. Twelve research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $40.50.
Read Our Latest Analysis on WAY
Insider Buying and Selling
In other Waystar news, CEO Matthew J. Hawkins sold 2,153 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $39.15, for a total transaction of $84,289.95. Following the sale, the chief executive officer now directly owns 76,413 shares in the company, valued at approximately $2,991,568.95. This trade represents a 2.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Christopher L. Schremser sold 8,623 shares of Waystar stock in a transaction on Friday, May 9th. The stock was sold at an average price of $40.17, for a total transaction of $346,385.91. Following the transaction, the chief technology officer now directly owns 438,044 shares of the company’s stock, valued at approximately $17,596,227.48. This trade represents a 1.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,655,997 shares of company stock worth $324,170,981 over the last three months. 4.10% of the stock is currently owned by company insiders.
Waystar Company Profile
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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