Raymond James Financial Inc. Acquires Shares of 40,973 Waystar Holding Corp. (NASDAQ:WAY)

Raymond James Financial Inc. bought a new position in Waystar Holding Corp. (NASDAQ:WAY) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 40,973 shares of the company’s stock, valued at approximately $1,504,000.

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of Waystar by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company’s stock valued at $37,531,000 after acquiring an additional 96,552 shares during the period. M&T Bank Corp grew its holdings in Waystar by 116.6% during the 3rd quarter. M&T Bank Corp now owns 63,746 shares of the company’s stock valued at $1,778,000 after purchasing an additional 34,316 shares during the last quarter. Barclays PLC raised its position in Waystar by 701.7% in the 3rd quarter. Barclays PLC now owns 64,934 shares of the company’s stock worth $1,811,000 after purchasing an additional 56,834 shares during the period. State Street Corp bought a new stake in Waystar in the third quarter worth about $16,816,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in shares of Waystar during the third quarter valued at approximately $10,224,000.

Wall Street Analyst Weigh In

A number of analysts have weighed in on WAY shares. Canaccord Genuity Group increased their target price on Waystar from $42.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. Jefferies Financial Group began coverage on shares of Waystar in a research note on Tuesday, February 11th. They issued a “buy” rating and a $51.00 price target on the stock. The Goldman Sachs Group boosted their price objective on shares of Waystar from $44.00 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Bank of America upped their target price on shares of Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, Barclays lifted their price target on shares of Waystar from $42.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Twelve equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $40.75.

Waystar Stock Down 1.1 %

Shares of Waystar stock opened at $36.94 on Wednesday. Waystar Holding Corp. has a one year low of $20.26 and a one year high of $48.11. The company has a current ratio of 2.55, a quick ratio of 2.29 and a debt-to-equity ratio of 0.40. The company has a 50-day simple moving average of $40.19 and a two-hundred day simple moving average of $34.55.

Waystar (NASDAQ:WAY) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.15 by $0.11. The firm had revenue of $244.10 million for the quarter, compared to the consensus estimate of $232.29 million. On average, equities research analysts forecast that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $42.15, for a total value of $143,310.00. Following the sale, the chief marketing officer now owns 43,478 shares in the company, valued at $1,832,597.70. This represents a 7.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $40.00, for a total transaction of $300,686,720.00. Following the transaction, the insider now directly owns 29,692,286 shares of the company’s stock, valued at $1,187,691,440. This represents a 20.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,356,171 shares of company stock valued at $526,733,651.

Waystar Company Profile

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