BNP Paribas Financial Markets Takes $1.01 Million Position in Waystar Holding Corp. (NASDAQ:WAY)

BNP Paribas Financial Markets bought a new stake in Waystar Holding Corp. (NASDAQ:WAY) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 36,070 shares of the company’s stock, valued at approximately $1,006,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC bought a new position in Waystar during the third quarter valued at about $1,421,000. The Manufacturers Life Insurance Company bought a new position in Waystar during the third quarter valued at about $526,000. Cerity Partners LLC grew its position in Waystar by 1.5% during the third quarter. Cerity Partners LLC now owns 46,699 shares of the company’s stock valued at $1,302,000 after buying an additional 699 shares during the period. Charles Schwab Investment Management Inc. bought a new position in Waystar during the third quarter valued at about $10,224,000. Finally, Smithfield Trust Co bought a new position in Waystar during the third quarter valued at about $68,000.

Wall Street Analysts Forecast Growth

WAY has been the subject of several research reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Waystar from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. The Goldman Sachs Group increased their target price on shares of Waystar from $34.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. 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. JPMorgan Chase & Co. increased their target price on shares of Waystar from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, August 19th. Finally, Canaccord Genuity Group increased their target price on shares of Waystar from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Ten research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $32.90.

Waystar Stock Performance

WAY stock opened at $32.78 on Wednesday. The company has a 50 day moving average price of $29.21. 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 12 month low of $20.26 and a 12 month high of $33.25.

Waystar (NASDAQ:WAY) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $240.10 million during the quarter, compared to the consensus estimate of $223.82 million. The business’s quarterly revenue was up 21.7% compared to the same quarter last year. On average, analysts anticipate 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.