Alberta Investment Management Corp Sells 200,000 Shares of Waystar Holding Corp. (NASDAQ:WAY)

Alberta Investment Management Corp lessened its stake in Waystar Holding Corp. (NASDAQ:WAY) by 63.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 117,284 shares of the company’s stock after selling 200,000 shares during the period. Alberta Investment Management Corp’s holdings in Waystar were worth $4,304,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WAY. Global Retirement Partners LLC bought a new position in shares of Waystar in the 4th quarter valued at about $25,000. Cerity Partners LLC raised its position in shares of Waystar by 1.5% in the 3rd quarter. Cerity Partners LLC now owns 46,699 shares of the company’s stock valued at $1,302,000 after acquiring an additional 699 shares during the period. Amalgamated Bank bought a new position in Waystar during the 3rd quarter worth approximately $41,000. Smithfield Trust Co acquired a new position in Waystar during the third quarter valued at approximately $68,000. Finally, RiverPark Advisors LLC acquired a new stake in Waystar in the third quarter worth $78,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Raymond James raised shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price target for the company in a report on Friday, November 22nd. Evercore ISI upped their target price 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. Barclays boosted their price target on Waystar from $42.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday. Jefferies Financial Group assumed coverage on Waystar in a report on Tuesday, February 11th. They set a “buy” rating and a $51.00 price objective for the company. Finally, Canaccord Genuity Group boosted their target price on Waystar from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Eleven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $39.64.

Waystar Price Performance

Shares of WAY opened at $41.00 on Friday. The company’s fifty day simple moving average is $38.98 and its 200 day simple moving average is $31.82. Waystar Holding Corp. has a 1-year low of $20.26 and a 1-year high of $48.11. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.29.

Waystar (NASDAQ:WAY) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.11. The business had revenue of $244.10 million for the quarter, compared to the consensus estimate of $232.29 million. As a group, analysts expect that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling

In other 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 transaction of $564,810.74. Following the completion of the sale, the chief financial officer now owns 173,642 shares in the company, valued at approximately $5,884,727.38. This trade represents a 8.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Waystar Profile

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