Cerity Partners LLC Grows Stock Holdings in Waystar Holding Corp. (NASDAQ:WAY)

Cerity Partners LLC lifted its position in shares of Waystar Holding Corp. (NASDAQ:WAY) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,699 shares of the company’s stock after purchasing an additional 699 shares during the period. Cerity Partners LLC’s holdings in Waystar were worth $1,302,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WAY. Amalgamated Bank acquired a new position in Waystar in the third quarter valued at $41,000. Smithfield Trust Co acquired a new position in shares of Waystar during the third quarter worth about $68,000. RiverPark Advisors LLC acquired a new position in shares of Waystar during the third quarter worth about $78,000. Cubist Systematic Strategies LLC acquired a new position in shares of Waystar during the second quarter worth about $145,000. Finally, Scientech Research LLC purchased a new stake in Waystar during the second quarter worth about $289,000.

Analysts Set New Price Targets

WAY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Waystar from $27.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Bank of America upped their price target on shares of Waystar from $27.00 to $32.00 and gave the company a “buy” rating in a report on Monday, October 14th. Evercore ISI upped their price target on shares of Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Canaccord Genuity Group upped their price target on shares of Waystar from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada upped 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. Ten analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $32.90.

Waystar Price Performance

Waystar stock opened at $29.77 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.29. The firm’s 50-day moving average is $28.98. Waystar Holding Corp. has a 52 week low of $20.26 and a 52 week high of $33.25.

Waystar (NASDAQ:WAY) last released its earnings results on Wednesday, November 6th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. The company had revenue of $240.10 million for 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. Equities research analysts forecast that Waystar Holding Corp. will post 0.03 earnings per share for the current fiscal year.

Waystar Profile

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