Gen Wealth Partners Inc Purchases New Stake in Waystar Holding Corp. (NASDAQ:WAY)

Gen Wealth Partners Inc purchased a new position in Waystar Holding Corp. (NASDAQ:WAY) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 2,510 shares of the company’s stock, valued at approximately $92,000.

A number of other hedge funds have also recently modified their holdings of the company. Farallon Capital Management LLC purchased a new position in Waystar during the 4th quarter valued at about $49,251,000. D. E. Shaw & Co. Inc. purchased a new stake in Waystar in the fourth quarter worth $1,319,000. Deutsche Bank AG raised its holdings in Waystar by 64.9% in the 4th quarter. Deutsche Bank AG now owns 34,847 shares of the company’s stock worth $1,279,000 after purchasing an additional 13,715 shares in the last quarter. Caption Management LLC purchased a new stake in shares of Waystar in the 4th quarter worth about $1,156,000. Finally, Brevan Howard Capital Management LP purchased a new position in shares of Waystar during the fourth quarter valued at about $627,000.

Insider Buying and Selling

In related news, Director Paul G. Moskowitz sold 5,652,689 shares of the business’s 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 completion of the sale, the director now directly owns 22,327,728 shares in the company, valued at approximately $861,850,300.80. The trade was a 20.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of Waystar stock in a transaction on Friday, February 21st. The stock was sold at an average price of $42.15, for a total transaction of $143,310.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,411,461 shares of company stock worth $528,743,995.

Wall Street Analysts Forecast Growth

WAY has been the topic of a number of research analyst reports. Truist Financial set a $50.00 target price on Waystar and gave the stock a “buy” rating in a report on Wednesday. Jefferies Financial Group began coverage on Waystar in a research report on Tuesday, February 11th. They set a “buy” rating and a $51.00 price objective for the company. Canaccord Genuity Group reduced their target price on shares of Waystar from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Barclays dropped their price objective on shares of Waystar from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Finally, The Goldman Sachs Group lifted their target price on shares of Waystar from $44.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Twelve research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $40.50.

Waystar Trading Down 1.2 %

Shares of NASDAQ:WAY opened at $40.01 on Friday. Waystar Holding Corp. has a 1 year low of $20.26 and a 1 year high of $48.11. The stock’s fifty day moving average price is $37.57 and its 200-day moving average price is $36.53. The company has a market cap of $6.92 billion and a P/E ratio of 444.56. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.55 and a quick ratio of 2.29.

Waystar (NASDAQ:WAY) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. The company had revenue of $256.44 million for the quarter, compared to analysts’ expectations of $248.47 million. The firm’s revenue was up 14.1% on a year-over-year basis. Sell-side analysts expect that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Waystar Company Profile

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