New York State Common Retirement Fund Sells 16,629 Shares of Waystar Holding Corp. (NASDAQ:WAY)

New York State Common Retirement Fund reduced its holdings in Waystar Holding Corp. (NASDAQ:WAY) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 381,455 shares of the company’s stock after selling 16,629 shares during the period. New York State Common Retirement Fund owned 0.22% of Waystar worth $13,999,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WAY. Amalgamated Bank acquired a new stake in shares of Waystar in the 3rd quarter valued at approximately $41,000. Smithfield Trust Co acquired a new stake in Waystar in the third quarter valued at $68,000. RiverPark Advisors LLC bought a new position in shares of Waystar in the 3rd quarter valued at about $78,000. Stifel Financial Corp acquired a new position in shares of Waystar during the 3rd quarter worth about $204,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Waystar in the 3rd quarter valued at about $222,000.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on WAY shares. Bank of America lifted their price target on Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Barclays increased their price target on Waystar from $42.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Jefferies Financial Group initiated coverage on shares of Waystar in a research report on Tuesday, February 11th. They set a “buy” rating and a $51.00 price objective for the company. Raymond James raised shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price objective on the stock in a research report on Friday, November 22nd. Finally, Royal Bank of Canada lifted their target price on shares of Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Eleven research 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, Waystar currently has an average rating of “Buy” and an average target price of $39.64.

Waystar Trading Up 3.0 %

Shares of Waystar stock opened at $42.21 on Monday. The company has a 50-day simple moving average of $39.14 and a two-hundred day simple moving average of $32.11. Waystar Holding Corp. has a twelve month low of $20.26 and a twelve month 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.

Waystar (NASDAQ:WAY) last issued its quarterly 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 company had revenue of $244.10 million during the quarter, compared to the consensus estimate of $232.29 million. Equities research analysts predict that Waystar Holding Corp. will post 0.39 EPS for the current year.

Insider Activity

In other Waystar news, CFO Steven M. Oreskovich sold 16,666 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $33.89, for a total value of $564,810.74. Following the transaction, the chief financial officer now directly owns 173,642 shares of the company’s stock, valued at $5,884,727.38. This trade represents a 8.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Waystar Company Profile

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