CHURCHILL MANAGEMENT Corp Invests $1.91 Million in Waystar Holding Corp. (NASDAQ:WAY)

CHURCHILL MANAGEMENT Corp purchased a new position in shares of Waystar Holding Corp. (NASDAQ:WAY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 51,920 shares of the company’s stock, valued at approximately $1,905,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Cerity Partners LLC increased its stake in Waystar by 1.5% in the third quarter. Cerity Partners LLC now owns 46,699 shares of the company’s stock worth $1,302,000 after purchasing an additional 699 shares during the period. Amalgamated Bank purchased a new position in Waystar in the 3rd quarter worth about $41,000. Smithfield Trust Co bought a new stake in Waystar during the 3rd quarter valued at about $68,000. RiverPark Advisors LLC purchased a new stake in Waystar in the 3rd quarter valued at about $78,000. Finally, Cubist Systematic Strategies LLC bought a new position in Waystar in the 2nd quarter worth about $145,000.

Insider Activity at Waystar

In other Waystar news, CFO Steven M. Oreskovich sold 16,666 shares of the business’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 sale, the chief financial officer now owns 173,642 shares of the company’s stock, valued at approximately $5,884,727.38. The trade was a 8.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Waystar Stock Down 0.9 %

NASDAQ:WAY opened at $37.36 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.29. The company’s 50-day simple moving average is $33.87 and its 200-day simple moving average is $28.53. Waystar Holding Corp. has a fifty-two week low of $20.26 and a fifty-two week high of $38.35.

Waystar (NASDAQ:WAY) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. The firm had revenue of $240.10 million during the quarter, compared to analysts’ expectations of $223.82 million. The firm’s quarterly revenue was up 21.7% compared to the same quarter last year. On average, equities analysts forecast that Waystar Holding Corp. will post 0.03 EPS for the current year.

Analyst Ratings Changes

WAY has been the subject of a number of research reports. Canaccord Genuity Group boosted their price target on Waystar from $36.00 to $42.00 and gave the company a “buy” rating in a report on Friday, January 3rd. The Goldman Sachs Group raised their price target on Waystar from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday. Bank of America upped their price objective on shares of Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Evercore ISI raised their target price on shares of Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, 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 research report on Friday, November 22nd. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $35.10.

About Waystar

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