19,318 Shares in Waystar Holding Corp. (NASDAQ:WAY) Purchased by Jane Street Group LLC

Jane Street Group LLC purchased a new position in shares of Waystar Holding Corp. (NASDAQ:WAY) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,318 shares of the company’s stock, valued at approximately $539,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Amalgamated Bank purchased a new position in Waystar in the third quarter valued at about $41,000. Smithfield Trust Co purchased a new position in Waystar in the third quarter valued at about $68,000. RiverPark Advisors LLC purchased a new stake in shares of Waystar during the 3rd quarter valued at approximately $78,000. Cubist Systematic Strategies LLC bought a new position in Waystar in the 2nd quarter worth approximately $145,000. Finally, Stifel Financial Corp bought a new position in Waystar in the 3rd quarter worth approximately $204,000.

Insider Activity

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

Waystar Trading Up 2.9 %

Shares of NASDAQ:WAY opened at $36.98 on Monday. The stock has a fifty day simple moving average of $32.46. Waystar Holding Corp. has a 52 week low of $20.26 and a 52 week 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.

Waystar (NASDAQ:WAY) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share (EPS) for the quarter, topping 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. Waystar’s revenue was up 21.7% on a year-over-year basis. As a group, sell-side analysts forecast that Waystar Holding Corp. will post 0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on WAY shares. Raymond James raised shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a report on Friday, November 22nd. The Goldman Sachs Group raised their price objective on shares of Waystar from $34.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Canaccord Genuity Group raised their price objective on shares of Waystar from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Friday. Evercore ISI raised their price objective on shares of Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada raised their price objective on shares of Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Ten equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Waystar presently has a consensus rating of “Buy” and a consensus target price of $33.50.

About Waystar

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