Waystar Holding Corp. (NASDAQ:WAY) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in Waystar Holding Corp. (NASDAQ:WAY) by 7.7% during the third quarter, HoldingsChannel.com reports. The firm owned 1,345,687 shares of the company’s stock after purchasing an additional 96,552 shares during the period. JPMorgan Chase & Co.’s holdings in Waystar were worth $37,531,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Amalgamated Bank bought a new stake in Waystar during the third quarter valued at $41,000. Smithfield Trust Co bought a new stake in shares of Waystar during the 3rd quarter valued at about $68,000. RiverPark Advisors LLC acquired a new stake in Waystar during the third quarter worth about $78,000. Cubist Systematic Strategies LLC bought a new position in Waystar in the second quarter worth about $145,000. Finally, Stifel Financial Corp acquired a new position in Waystar in the third quarter valued at approximately $204,000.

Waystar Trading Up 2.9 %

Shares of Waystar stock opened at $36.98 on Monday. The firm’s 50-day moving average price is $32.46. Waystar Holding Corp. has a 52-week low of $20.26 and a 52-week high of $38.35. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.29 and a quick ratio of 2.29.

Waystar (NASDAQ:WAY) last posted its earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The business had revenue of $240.10 million during the quarter, compared to analyst estimates of $223.82 million. The company’s revenue was up 21.7% compared to the same quarter last year. Equities research analysts expect that Waystar Holding Corp. will post 0.03 EPS for the current fiscal year.

Insiders Place Their Bets

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 transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Analysts Set New Price Targets

Several analysts recently commented on WAY shares. Bank of America raised their target price on Waystar from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Royal Bank of Canada upped their price objective on shares of Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Raymond James raised shares of 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. Evercore ISI upped their price target on shares of Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Canaccord Genuity Group raised their price objective on shares of Waystar from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Friday. Ten research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $33.50.

Waystar Profile

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