Barclays PLC Acquires 112,535 Shares of Waystar Holding Corp. (NASDAQ:WAY)

Barclays PLC increased its stake in Waystar Holding Corp. (NASDAQ:WAY) by 173.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,469 shares of the company’s stock after acquiring an additional 112,535 shares during the period. Barclays PLC’s holdings in Waystar were worth $6,514,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in shares of Waystar during the 4th quarter valued at approximately $25,000. Mark Sheptoff Financial Planning LLC bought a new position in Waystar during the fourth quarter valued at $48,000. Pictet Asset Management Holding SA purchased a new stake in shares of Waystar in the fourth quarter valued at $237,000. Dakota Wealth Management bought a new stake in shares of Waystar in the 4th quarter worth about $264,000. Finally, Stifel Financial Corp purchased a new position in shares of Waystar during the 3rd quarter worth about $204,000.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on WAY shares. Barclays reduced their price objective on shares of Waystar from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Jefferies Financial Group began coverage on Waystar in a research note on Tuesday, February 11th. They set a “buy” rating and a $51.00 price target for the company. Bank of America increased their target price on Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. The Goldman Sachs Group boosted their target price on shares of Waystar from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Finally, Canaccord Genuity Group raised their price target on shares of Waystar from $42.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. Twelve analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Waystar has a consensus rating of “Buy” and an average price target of $40.33.

Waystar Stock Up 1.3 %

NASDAQ WAY opened at $37.28 on Friday. Waystar Holding Corp. has a 52-week low of $20.26 and a 52-week high of $48.11. The company has a current ratio of 2.55, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. The firm’s 50 day moving average price is $38.33 and its 200-day moving average price is $35.60.

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

Insiders Place Their Bets

In related news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $1,832,597.70. This represents a 7.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Christopher L. Schremser sold 8,623 shares of the firm’s stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $36.36, for a total value of $313,532.28. Following the completion of the sale, the chief technology officer now directly owns 438,044 shares of the company’s stock, valued at approximately $15,927,279.84. This represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,411,461 shares of company stock worth $528,743,995.

About Waystar

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