AGF Management Ltd. Purchases Shares of 211,927 Waystar Holding Corp. (NASDAQ:WAY)

AGF Management Ltd. acquired a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 211,927 shares of the company’s stock, valued at approximately $7,778,000.

Several other large investors have also made changes to their positions in the company. Global Retirement Partners LLC bought a new position in Waystar during the 4th quarter valued at about $25,000. Amalgamated Bank bought a new position in shares of Waystar in the third quarter valued at approximately $41,000. Smithfield Trust Co acquired a new position in shares of Waystar in the 3rd quarter worth approximately $68,000. RiverPark Advisors LLC bought a new stake in Waystar during the 3rd quarter worth approximately $78,000. Finally, Stifel Financial Corp acquired a new stake in Waystar during the 3rd quarter valued at $204,000.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Raymond James raised Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price objective on the stock in a research note on Friday, November 22nd. Bank of America boosted their target price 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. Canaccord Genuity Group boosted their price objective on Waystar from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Jefferies Financial Group started coverage on Waystar in a research note on Tuesday, February 11th. They set a “buy” rating and a $51.00 price objective on the stock. Finally, The Goldman Sachs Group increased their price objective on Waystar from $44.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. 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.com, Waystar presently has a consensus rating of “Buy” and an average target price of $40.36.

Waystar Trading Down 0.2 %

Shares of NASDAQ:WAY opened at $36.88 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.29 and a current ratio of 2.55. Waystar Holding Corp. has a 12-month low of $20.26 and a 12-month high of $48.11. The company’s 50 day moving average price is $40.16 and its two-hundred day moving average price is $33.44.

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

Insider Activity at Waystar

In other news, insider T. Craig Bridge sold 182,914 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $42.15, for a total transaction of $7,709,825.10. Following the completion of the transaction, the insider now owns 519,658 shares of the company’s stock, valued at approximately $21,903,584.70. This trade represents a 26.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $42.15, for a total transaction of $143,310.00. Following the transaction, the chief marketing officer now owns 43,478 shares of the company’s stock, valued at approximately $1,832,597.70. The trade was a 7.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,356,171 shares of company stock valued at $526,733,651 over the last quarter.

About Waystar

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