Teacher Retirement System of Texas Trims Position in Waystar Holding Corp. (NASDAQ:WAY)

Teacher Retirement System of Texas decreased its position in shares of Waystar Holding Corp. (NASDAQ:WAY) by 95.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,262 shares of the company’s stock after selling 380,738 shares during the quarter. Teacher Retirement System of Texas’ holdings in Waystar were worth $707,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. ArrowMark Colorado Holdings LLC boosted its stake in shares of Waystar by 36.5% in the third quarter. ArrowMark Colorado Holdings LLC now owns 3,402,294 shares of the company’s stock worth $94,890,000 after acquiring an additional 909,715 shares during the period. JPMorgan Chase & Co. lifted its holdings in Waystar by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company’s stock worth $37,531,000 after purchasing an additional 96,552 shares in the last quarter. Geode Capital Management LLC boosted its stake in Waystar by 697.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,101,424 shares of the company’s stock worth $30,724,000 after purchasing an additional 963,316 shares during the period. Burkehill Global Management LP bought a new stake in shares of Waystar during the fourth quarter valued at approximately $23,855,000. Finally, State Street Corp purchased a new position in shares of Waystar in the third quarter worth $16,816,000.

Waystar Stock Down 1.8 %

WAY stock opened at $37.83 on Monday. Waystar Holding Corp. has a 12 month low of $20.26 and a 12 month high of $48.11. The company has a 50-day moving average price of $40.22 and a 200 day moving average price of $34.40. The company has a quick ratio of 2.29, a current ratio of 2.55 and a debt-to-equity ratio of 0.40.

Waystar (NASDAQ:WAY) last announced its earnings results on Tuesday, February 18th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.11. The business had revenue of $244.10 million for the quarter, compared to analysts’ expectations of $232.29 million. On average, equities analysts expect that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Bank of America lifted their price target on shares of Waystar from $36.00 to $43.00 and gave the company a “buy” rating in a report on Monday, January 6th. The Goldman Sachs Group lifted their target price on Waystar from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Barclays raised their price target on Waystar from $42.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Canaccord Genuity Group upped their price objective on Waystar from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Finally, Truist Financial assumed coverage on shares of Waystar in a report on Friday, March 14th. They issued a “buy” rating and a $45.00 target price for the company. Twelve analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $40.75.

Insider Buying and Selling at Waystar

In other Waystar news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $42.15, for a total value of $143,310.00. Following the transaction, the chief marketing officer now directly owns 43,478 shares in the company, valued at $1,832,597.70. This represents a 7.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul G. Moskowitz sold 5,652,689 shares of Waystar stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $38.60, for a total transaction of $218,193,795.40. Following the sale, the director now directly owns 22,327,728 shares of the company’s stock, valued at $861,850,300.80. This represents a 20.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,356,171 shares of company stock valued at $526,733,651 in the last quarter.

Waystar Company Profile

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