Waystar Holding Corp. $WAY Shares Sold by Swiss National Bank

Swiss National Bank cut its position in shares of Waystar Holding Corp. (NASDAQ:WAY) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 131,500 shares of the company’s stock after selling 1,900 shares during the quarter. Swiss National Bank’s holdings in Waystar were worth $5,374,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Central Pacific Bank Trust Division acquired a new stake in shares of Waystar in the second quarter valued at $33,000. Nisa Investment Advisors LLC raised its position in Waystar by 50.6% in the second quarter. Nisa Investment Advisors LLC now owns 1,065 shares of the company’s stock worth $44,000 after acquiring an additional 358 shares in the last quarter. State of Wyoming bought a new stake in Waystar in the first quarter worth about $54,000. Quarry LP acquired a new stake in Waystar in the 1st quarter valued at about $60,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Waystar during the 1st quarter valued at about $127,000.

Wall Street Analysts Forecast Growth

WAY has been the topic of a number of research reports. Citizens Jmp initiated coverage on shares of Waystar in a report on Thursday, September 18th. They issued a “mkt outperform” rating and a $48.00 target price on the stock. Baird R W raised Waystar to a “strong-buy” rating in a report on Friday, September 5th. Needham & Company LLC assumed coverage on Waystar in a research note on Tuesday, November 11th. They set a “buy” rating and a $46.00 price objective for the company. BMO Capital Markets began coverage on Waystar in a report on Thursday, November 13th. They issued an “outperform” rating and a $47.00 target price on the stock. Finally, Wall Street Zen downgraded Waystar from a “buy” rating to a “hold” rating in a report on Saturday. Three analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $48.69.

Insider Buying and Selling

In other news, CEO Matthew J. Hawkins sold 12,800 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $38.08, for a total value of $487,424.00. Following the completion of the sale, the chief executive officer owned 717,474 shares of the company’s stock, valued at $27,321,409.92. This trade represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Christopher L. Schremser sold 8,623 shares of Waystar stock in a transaction on Monday, November 10th. The shares were sold at an average price of $36.12, for a total value of $311,462.76. Following the transaction, the chief technology officer owned 422,371 shares in the company, valued at $15,256,040.52. This represents a 2.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 4,499,581 shares of company stock valued at $176,385,253. 4.10% of the stock is currently owned by company insiders.

Waystar Stock Down 1.5%

Shares of NASDAQ:WAY opened at $36.34 on Tuesday. The firm has a 50 day simple moving average of $36.98 and a 200 day simple moving average of $37.53. Waystar Holding Corp. has a 52 week low of $29.50 and a 52 week high of $48.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.89 and a current ratio of 3.89. The company has a market cap of $6.95 billion, a PE ratio of 58.61, a price-to-earnings-growth ratio of 0.56 and a beta of 0.63.

About Waystar

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