Sig Brokerage LP Purchases New Holdings in Waystar Holding Corp. (NASDAQ:WAY)

Sig Brokerage LP acquired a new stake in Waystar Holding Corp. (NASDAQ:WAY) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 27,669 shares of the company’s stock, valued at approximately $1,015,000.

Several other large investors have also recently added to or reduced their stakes in WAY. Global Retirement Partners LLC acquired a new position in Waystar in the 4th quarter valued at $25,000. Mark Sheptoff Financial Planning LLC bought a new stake in Waystar in the 4th quarter valued at $48,000. Gen Wealth Partners Inc bought a new stake in Waystar in the 4th quarter valued at $92,000. RiverPark Advisors LLC boosted its holdings in Waystar by 25.5% in the 4th quarter. RiverPark Advisors LLC now owns 3,498 shares of the company’s stock valued at $128,000 after purchasing an additional 710 shares during the period. Finally, Pictet Asset Management Holding SA bought a new stake in Waystar in the 4th quarter valued at $237,000.

Waystar Stock Down 0.6%

Shares of NASDAQ:WAY opened at $39.25 on Friday. Waystar Holding Corp. has a one year low of $20.26 and a one year high of $48.11. The company has a 50 day moving average of $37.59 and a 200-day moving average of $36.80. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.55 and a quick ratio of 2.29. The stock has a market cap of $6.79 billion and a price-to-earnings ratio of 436.11.

Waystar (NASDAQ:WAY) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. The business had revenue of $256.44 million for the quarter, compared to analyst estimates of $248.47 million. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, sell-side analysts forecast that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Insider Transactions at Waystar

In related news, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of Waystar stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $40.00, for a total transaction of $300,686,720.00. Following the transaction, the insider now owns 29,692,286 shares of the company’s stock, valued at $1,187,691,440. This trade represents a 20.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of Waystar stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $42.15, for a total transaction of $143,310.00. Following the transaction, the chief marketing officer now directly owns 43,478 shares in the company, valued at $1,832,597.70. The trade was a 7.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,466,751 shares of company stock worth $530,908,994 in the last quarter. 4.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

WAY has been the subject of a number of analyst reports. The Goldman Sachs Group raised their price objective on shares of Waystar from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Canaccord Genuity Group reduced their price objective on shares of Waystar from $50.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Jefferies Financial Group initiated coverage on shares of Waystar in a report on Tuesday, February 11th. They set a “buy” rating and a $51.00 price objective for the company. Truist Financial set a $50.00 price objective on shares of Waystar and gave the stock a “buy” rating in a report on Wednesday, May 7th. Finally, Barclays reduced their price objective on shares of Waystar from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Twelve equities research 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, the company currently has a consensus rating of “Buy” and a consensus target price of $40.50.

About Waystar

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