Holocene Advisors LP Sells 1,329,011 Shares of Waystar Holding Corp. (NASDAQ:WAY)

Holocene Advisors LP reduced its position in shares of Waystar Holding Corp. (NASDAQ:WAY) by 63.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 773,588 shares of the company’s stock after selling 1,329,011 shares during the quarter. Holocene Advisors LP owned about 0.45% of Waystar worth $21,575,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Peregrine Capital Management LLC purchased a new position in shares of Waystar during the second quarter valued at $9,010,000. TD Asset Management Inc purchased a new position in Waystar during the 2nd quarter valued at about $1,633,000. American Century Companies Inc. bought a new stake in shares of Waystar in the 2nd quarter valued at about $28,357,000. Federated Hermes Inc. purchased a new stake in shares of Waystar in the 2nd quarter worth approximately $430,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Waystar during the second quarter valued at approximately $800,003,000.

Waystar Price Performance

NASDAQ WAY opened at $30.88 on Tuesday. Waystar Holding Corp. has a 12-month low of $20.26 and a 12-month high of $33.25. The business has a fifty day moving average of $28.86. 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 (NASDAQ:WAY) last released its earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.03. The firm had revenue of $240.10 million during the quarter, compared to analyst estimates of $223.82 million. Waystar’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, research analysts expect that Waystar Holding Corp. will post 0.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on WAY shares. JPMorgan Chase & Co. upped their target price on Waystar from $24.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, August 19th. Deutsche Bank Aktiengesellschaft raised their price objective on Waystar from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Evercore ISI boosted their target price on shares of Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Royal Bank of Canada raised their price target on shares of Waystar from $31.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Raymond James upgraded shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a research note on Friday, November 22nd. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $32.90.

Waystar Profile

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