SG Americas Securities LLC Trims Holdings in Waystar Holding Corp. (NASDAQ:WAY)

SG Americas Securities LLC reduced its position in Waystar Holding Corp. (NASDAQ:WAY) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,226 shares of the company’s stock after selling 1,489 shares during the quarter. SG Americas Securities LLC’s holdings in Waystar were worth $889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity at Waystar

In other news, CFO Steven M. Oreskovich sold 16,666 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were 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. This represents a 8.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Analysts Set New Price Targets

WAY has been the subject of several analyst reports. The Goldman Sachs Group raised their target price on shares of Waystar from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Bank of America upped their target price on Waystar from $36.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Royal Bank of Canada boosted their price objective on Waystar from $31.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Raymond James upgraded Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 target price on the stock in a research note on Friday, November 22nd. Finally, Canaccord Genuity Group boosted their target price on shares of Waystar from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Ten investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $35.10.

Waystar Stock Performance

Shares of Waystar stock opened at $40.71 on Wednesday. Waystar Holding Corp. has a twelve month low of $20.26 and a twelve month high of $40.72. 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 business has a 50-day moving average price of $35.00 and a 200 day moving average price of $29.47.

Waystar (NASDAQ:WAY) last released its 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 business 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, analysts predict that Waystar Holding Corp. will post 0.03 EPS for the current fiscal year.

Waystar Company Profile

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