Barclays PLC Grows Stock Position in Waystar Holding Corp. (NASDAQ:WAY)

Barclays PLC increased its position in shares of Waystar Holding Corp. (NASDAQ:WAY) by 701.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,934 shares of the company’s stock after purchasing an additional 56,834 shares during the period. Barclays PLC’s holdings in Waystar were worth $1,811,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new stake in shares of Waystar in the second quarter valued at about $800,003,000. Deerfield Management Company L.P. Series C purchased a new stake in shares of Waystar in the second quarter valued at about $106,468,000. TPG GP A LLC acquired a new stake in shares of Waystar in the second quarter valued at approximately $85,910,000. ArrowMark Colorado Holdings LLC increased its stake in shares of Waystar by 36.5% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 3,402,294 shares of the company’s stock worth $94,890,000 after purchasing an additional 909,715 shares in the last quarter. Finally, American Century Companies Inc. acquired a new position in shares of Waystar during the 2nd quarter worth approximately $28,357,000.

Wall Street Analysts Forecast Growth

WAY has been the subject of several analyst reports. Canaccord Genuity Group boosted their price target on Waystar from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, November 7th. The Goldman Sachs Group upped their target price on Waystar from $34.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Evercore ISI increased their target price on Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Raymond James raised Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 target price on the stock in a research report on Friday, November 22nd. Finally, Bank of America increased their target price on shares of Waystar from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $32.90.

Waystar Stock Performance

WAY opened at $37.92 on Friday. Waystar Holding Corp. has a 12 month low of $20.26 and a 12 month high of $38.35. 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 has a 50 day simple moving average of $31.54.

Waystar (NASDAQ:WAY) last announced 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 analysts’ expectations of $223.82 million. The firm’s revenue for the quarter was up 21.7% compared to the same quarter last year. On average, equities analysts expect that Waystar Holding Corp. will post 0.03 EPS for the current fiscal year.

Insider Transactions at Waystar

In other news, CFO Steven M. Oreskovich sold 16,666 shares of Waystar stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $33.89, for a total value of $564,810.74. Following the transaction, the chief financial officer now directly owns 173,642 shares in the company, valued at approximately $5,884,727.38. The trade was a 8.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

About Waystar

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