50,943 Shares in Waystar Holding Corp. (NASDAQ:WAY) Purchased by Fmr LLC

Fmr LLC purchased a new position in shares of Waystar Holding Corp. (NASDAQ:WAY) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 50,943 shares of the company’s stock, valued at approximately $1,421,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Peregrine Capital Management LLC purchased a new position in Waystar in the second quarter valued at about $9,010,000. TD Asset Management Inc purchased a new position in Waystar in the second quarter valued at about $1,633,000. American Century Companies Inc. purchased a new position in Waystar in the second quarter valued at about $28,357,000. Federated Hermes Inc. purchased a new position in Waystar in the second quarter valued at about $430,000. Finally, Canada Pension Plan Investment Board purchased a new position in Waystar in the second quarter valued at about $800,003,000.

Waystar Stock Down 0.4 %

Waystar stock opened at $34.07 on Monday. The business’s 50 day moving average price is $29.76. 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 Holding Corp. has a 1-year low of $20.26 and a 1-year high of $34.60.

Waystar (NASDAQ:WAY) last posted its earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share 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 the consensus estimate of $223.82 million. The firm’s revenue was up 21.7% on a year-over-year basis. As a group, analysts predict that Waystar Holding Corp. will post 0.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WAY has been the topic of several research reports. The Goldman Sachs Group boosted their price target on shares of Waystar from $34.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Canaccord Genuity Group boosted their price target on shares of Waystar from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. 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 research report on Friday, November 22nd. Royal Bank of Canada boosted their price target on shares of Waystar from $31.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Bank of America boosted their price target on shares of Waystar from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $32.90.

Waystar Company Profile

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