Waystar Holding Corp. (NASDAQ:WAY) Shares Bought by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC grew its holdings in Waystar Holding Corp. (NASDAQ:WAY) by 36.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,402,294 shares of the company’s stock after purchasing an additional 909,715 shares during the quarter. Waystar makes up approximately 1.2% of ArrowMark Colorado Holdings LLC’s portfolio, making the stock its 24th largest holding. ArrowMark Colorado Holdings LLC owned 1.98% of Waystar worth $94,890,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of WAY. Amalgamated Bank purchased a new stake in shares of Waystar in the third quarter valued at $41,000. Smithfield Trust Co acquired a new position in Waystar in the 3rd quarter valued at about $68,000. RiverPark Advisors LLC purchased a new position in Waystar in the 3rd quarter valued at about $78,000. Cubist Systematic Strategies LLC purchased a new position in Waystar in the 2nd quarter valued at about $145,000. Finally, Scientech Research LLC acquired a new position in shares of Waystar in the second quarter valued at approximately $289,000.

Waystar Stock Up 0.9 %

Shares of NASDAQ:WAY opened at $30.88 on Monday. The firm has a 50 day moving average price of $28.86. Waystar Holding Corp. has a 52-week low of $20.26 and a 52-week high of $33.25. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.29 and a quick ratio of 2.29.

Waystar (NASDAQ:WAY) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.03. The firm had revenue of $240.10 million for the quarter, compared to analyst estimates of $223.82 million. The firm’s revenue for the quarter was up 21.7% on a year-over-year basis. Research analysts anticipate that Waystar Holding Corp. will post 0.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on WAY shares. Bank of America raised their price objective on Waystar from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Canaccord Genuity Group lifted their price target on Waystar from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Waystar from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Raymond James upgraded shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 target price for the company in a report on Friday, November 22nd. Finally, Evercore ISI boosted their price objective on shares of Waystar from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Ten equities 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, Waystar has a consensus rating of “Buy” and an average price target of $32.90.

Waystar Company Profile

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