Waystar Holding Corp. (NASDAQ:WAY) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in Waystar Holding Corp. (NASDAQ:WAY) by 7.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,345,687 shares of the company’s stock after acquiring an additional 96,552 shares during the period. JPMorgan Chase & Co. owned about 0.78% of Waystar worth $37,531,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in WAY. Cerity Partners LLC lifted its position in Waystar by 1.5% in the third quarter. Cerity Partners LLC now owns 46,699 shares of the company’s stock valued at $1,302,000 after acquiring an additional 699 shares during the last quarter. Amalgamated Bank purchased a new stake in shares of Waystar in the third quarter valued at about $41,000. Smithfield Trust Co acquired a new stake in shares of Waystar during the third quarter worth about $68,000. RiverPark Advisors LLC purchased a new position in shares of Waystar during the third quarter worth about $78,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Waystar in the 2nd quarter valued at about $145,000.

Waystar Price Performance

NASDAQ:WAY opened at $36.98 on Monday. The firm has a 50-day moving average of $32.46. 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.

Waystar (NASDAQ:WAY) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 EPS for the quarter, topping 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 was up 21.7% on a year-over-year basis. As a group, equities research analysts predict that Waystar Holding Corp. will post 0.03 EPS for the current year.

Insider Activity

In related news, CFO Steven M. Oreskovich sold 16,666 shares of the business’s 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 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 legal filing with the SEC, which can be accessed through this link.

Wall Street Analyst Weigh In

Several research firms have recently commented on WAY. Royal Bank of Canada upped their price target on Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Evercore ISI boosted 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. Bank of America lifted 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. The Goldman Sachs Group raised their price target on Waystar from $34.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, 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 research report 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. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $33.50.

Waystar Profile

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