Charles Schwab Investment Management Inc. Takes $10.22 Million Position in Waystar Holding Corp. (NASDAQ:WAY)

Charles Schwab Investment Management Inc. bought a new position in shares of Waystar Holding Corp. (NASDAQ:WAY) in the third quarter, Holdings Channel.com reports. The firm bought 366,593 shares of the company’s stock, valued at approximately $10,224,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Amalgamated Bank purchased a new position in shares of Waystar in the 3rd quarter worth about $41,000. Smithfield Trust Co bought a new position in Waystar during the 3rd quarter valued at approximately $68,000. RiverPark Advisors LLC purchased a new stake in Waystar in the 3rd quarter worth approximately $78,000. Cubist Systematic Strategies LLC bought a new stake in shares of Waystar in the 2nd quarter worth approximately $145,000. Finally, Scientech Research LLC purchased a new position in shares of Waystar during the second quarter valued at approximately $289,000.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Canaccord Genuity Group boosted their target price on shares of Waystar from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Evercore ISI raised their target price on shares of Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. The Goldman Sachs Group boosted their target price on shares of Waystar from $34.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. boosted their price objective on shares of Waystar from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, August 19th. Finally, Raymond James raised shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price target on the stock in a report on Friday, November 22nd. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $32.90.

Waystar Stock Up 1.5 %

Shares of Waystar stock opened at $31.37 on Tuesday. Waystar Holding Corp. has a twelve month low of $20.26 and a twelve month high of $33.25. The company has a 50-day moving average of $29.14. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.29.

Waystar (NASDAQ:WAY) last issued its earnings results on Wednesday, November 6th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $223.82 million. The firm’s revenue was up 21.7% compared to the same quarter last year. As a group, analysts anticipate that Waystar Holding Corp. will post 0.03 earnings per share for the current year.

Waystar Company Profile

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