Swiss National Bank Acquires Shares of 82,000 Waystar Holding Corp. (NASDAQ:WAY)

Swiss National Bank bought a new position in Waystar Holding Corp. (NASDAQ:WAY) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 82,000 shares of the company’s stock, valued at approximately $3,009,000.

A number of other large investors have also made changes to their positions in WAY. Global Retirement Partners LLC purchased a new position in Waystar during the fourth quarter worth about $25,000. Stifel Financial Corp acquired a new stake in Waystar in the 3rd quarter valued at approximately $204,000. Y Intercept Hong Kong Ltd purchased a new stake in Waystar in the third quarter valued at approximately $222,000. Dakota Wealth Management acquired a new position in Waystar during the fourth quarter worth $264,000. Finally, Smithfield Trust Co grew its stake in shares of Waystar by 210.5% in the fourth quarter. Smithfield Trust Co now owns 7,560 shares of the company’s stock valued at $277,000 after buying an additional 5,125 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Jefferies Financial Group initiated coverage on Waystar in a research report on Tuesday, February 11th. They issued a “buy” rating and a $51.00 target price for the company. The Goldman Sachs Group raised their price target on shares of 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 upped their price objective on Waystar from $42.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. Barclays lifted their target price on Waystar from $42.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Finally, Bank of America upped their price target on Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Twelve analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Waystar currently has an average rating of “Buy” and a consensus price target of $40.75.

Insider Activity

In related news, insider T. Craig Bridge sold 182,914 shares of Waystar stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $42.15, for a total value of $7,709,825.10. Following the transaction, the insider now directly owns 519,658 shares in the company, valued at $21,903,584.70. This trade represents a 26.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul G. Moskowitz sold 5,652,689 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $38.60, for a total transaction of $218,193,795.40. Following the transaction, the director now owns 22,327,728 shares of the company’s stock, valued at approximately $861,850,300.80. The trade was a 20.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,356,171 shares of company stock valued at $526,733,651 in the last ninety days.

Waystar Stock Down 3.2 %

Shares of NASDAQ:WAY opened at $37.68 on Thursday. The company has a current ratio of 2.55, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. Waystar Holding Corp. has a 12 month low of $20.26 and a 12 month high of $48.11. The company’s fifty day moving average price is $40.18 and its 200 day moving average price is $34.18.

Waystar (NASDAQ:WAY) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.11. The firm had revenue of $244.10 million for the quarter, compared to analysts’ expectations of $232.29 million. On average, equities research analysts anticipate that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.

About Waystar

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