Smithfield Trust Co Takes Position in Waystar Holding Corp. (NASDAQ:WAY)

Smithfield Trust Co bought a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,435 shares of the company’s stock, valued at approximately $68,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Ghisallo Capital Management LLC bought a new stake in shares of Waystar during the 2nd quarter valued at about $12,900,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Waystar during the 2nd quarter valued at about $27,950,000. Sculptor Capital LP bought a new stake in Waystar in the 2nd quarter worth approximately $791,000. Point72 DIFC Ltd bought a new stake in Waystar in the 2nd quarter worth approximately $3,935,000. Finally, American Century Companies Inc. bought a new stake in Waystar in the 2nd quarter worth approximately $28,357,000.

Waystar Stock Up 0.7 %

Shares of NASDAQ:WAY opened at $31.14 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. Waystar Holding Corp. has a 1 year low of $20.26 and a 1 year high of $33.25. The firm’s fifty day simple moving average is $28.40.

Waystar (NASDAQ:WAY) last announced its 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. Waystar’s revenue for the quarter was up 21.7% compared to the same quarter last year. On average, analysts forecast that Waystar Holding Corp. will post 0.01 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on WAY shares. JPMorgan Chase & Co. boosted their target price on Waystar from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, August 19th. Bank of America boosted their target price on Waystar from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Royal Bank of Canada boosted their target price on Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Canaccord Genuity Group lifted their price target on Waystar from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, Evercore ISI lifted their price target on Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $31.90.

Waystar Company Profile

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