Quantbot Technologies LP Invests $1.62 Million in Waystar Holding Corp. (NASDAQ:WAY)

Quantbot Technologies LP acquired a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 44,205 shares of the company’s stock, valued at approximately $1,622,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WAY. Global Retirement Partners LLC purchased a new position in shares of Waystar during the 4th quarter worth $25,000. Stifel Financial Corp acquired a new position in Waystar in the third quarter valued at $204,000. Y Intercept Hong Kong Ltd purchased a new position in Waystar during the third quarter worth about $222,000. Dakota Wealth Management acquired a new stake in Waystar in the 4th quarter worth about $264,000. Finally, Smithfield Trust Co grew its holdings in Waystar by 210.5% in the 4th quarter. Smithfield Trust Co now owns 7,560 shares of the company’s stock valued at $277,000 after buying an additional 5,125 shares during the period.

Insider Activity at Waystar

In other Waystar news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the stock in a transaction on Friday, February 21st. The shares were 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. This represents a 7.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider T. Craig Bridge sold 182,914 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $42.15, for a total transaction of $7,709,825.10. Following the completion of the sale, the insider now owns 519,658 shares in the company, valued at approximately $21,903,584.70. This trade represents a 26.03 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,356,171 shares of company stock valued at $526,733,651.

Waystar Stock Performance

WAY opened at $38.99 on Tuesday. The firm’s 50 day moving average is $40.15 and its 200-day moving average is $34.07. The company has a current ratio of 2.55, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. Waystar Holding Corp. has a 52-week low of $20.26 and a 52-week high of $48.11.

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WAY. Barclays raised their target price on shares of Waystar from $42.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Bank of America lifted their price target on shares of Waystar from $36.00 to $43.00 and gave the company a “buy” rating in a report on Monday, January 6th. The Goldman Sachs Group increased their target price on Waystar from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Jefferies Financial Group assumed coverage on Waystar in a research report on Tuesday, February 11th. They set a “buy” rating and a $51.00 price target for the company. Finally, Truist Financial assumed coverage on Waystar in a report on Friday, March 14th. They issued a “buy” rating and a $45.00 price objective on the stock. Twelve equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Waystar currently has an average rating of “Buy” and an average target price of $40.75.

Waystar Company Profile

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