American Century Companies Inc. Makes New $28.36 Million Investment in Waystar Holding Corp. (NASDAQ:WAY)

American Century Companies Inc. acquired a new stake in Waystar Holding Corp. (NASDAQ:WAY) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,318,932 shares of the company’s stock, valued at approximately $28,357,000.

Separately, Peregrine Capital Management LLC acquired a new stake in Waystar during the second quarter worth approximately $9,010,000.

Waystar Trading Down 0.3 %

Shares of NASDAQ WAY opened at $26.85 on Thursday. Waystar Holding Corp. has a fifty-two week low of $20.26 and a fifty-two week high of $28.57. The company has a 50-day simple moving average of $24.75.

Waystar (NASDAQ:WAY) last posted its earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The company had revenue of $234.50 million during the quarter, compared to the consensus estimate of $216.25 million. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.07) EPS. As a group, sell-side analysts expect that Waystar Holding Corp. will post -0.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

WAY has been the topic of a number of research analyst reports. Bank of America assumed coverage on Waystar in a report on Tuesday, July 2nd. They set a “buy” rating and a $27.00 price target on the stock. Evercore ISI increased their target price on shares of Waystar from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Royal Bank of Canada lifted their price target on shares of Waystar from $27.00 to $31.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. Canaccord Genuity Group assumed coverage on Waystar in a research note on Tuesday, July 2nd. They issued a “buy” rating and a $30.00 target price for the company. Finally, Raymond James started coverage on Waystar in a research report on Tuesday, July 2nd. They issued an “outperform” rating and a $30.00 target price for the company. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $28.90.

Waystar Company Profile

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