Waystar Holding Corp. (NASDAQ:WAY) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp reduced its holdings in Waystar Holding Corp. (NASDAQ:WAY) by 63.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,284 shares of the company’s stock after selling 200,000 shares during the quarter. Alberta Investment Management Corp owned 0.07% of Waystar worth $4,304,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WAY. Geode Capital Management LLC raised its holdings in Waystar by 697.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,101,424 shares of the company’s stock worth $30,724,000 after buying an additional 963,316 shares during the period. ArrowMark Colorado Holdings LLC boosted its position in Waystar by 36.5% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 3,402,294 shares of the company’s stock worth $94,890,000 after acquiring an additional 909,715 shares during the period. State Street Corp acquired a new position in shares of Waystar in the 3rd quarter valued at about $16,816,000. Charles Schwab Investment Management Inc. acquired a new position in shares of Waystar in the 3rd quarter valued at about $10,224,000. Finally, Cinctive Capital Management LP boosted its holdings in shares of Waystar by 31.6% during the third quarter. Cinctive Capital Management LP now owns 421,549 shares of the company’s stock worth $11,757,000 after purchasing an additional 101,124 shares during the period.

Insider Buying and Selling at Waystar

In other news, CFO Steven M. Oreskovich sold 16,666 shares of Waystar stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $33.89, for a total transaction of $564,810.74. Following the sale, the chief financial officer now directly owns 173,642 shares in the company, valued at approximately $5,884,727.38. The trade was a 8.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Waystar Price Performance

WAY opened at $41.00 on Friday. The business has a 50 day moving average of $38.98 and a 200-day moving average of $31.82. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.29 and a quick ratio of 2.29. Waystar Holding Corp. has a 1-year low of $20.26 and a 1-year high of $48.11.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada increased their target price on shares of Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Jefferies Financial Group began coverage on shares of Waystar in a report on Tuesday, February 11th. They set a “buy” rating and a $51.00 price target on the stock. Barclays raised their target price on Waystar from $42.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday. Canaccord Genuity Group upped their price target on Waystar from $36.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, Raymond James upgraded Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 target price for the company in a report on Friday, November 22nd. Eleven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $39.64.

About Waystar

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