7,874 Shares in Waystar Holding Corp. (NASDAQ:WAY) Bought by Entropy Technologies LP

Entropy Technologies LP purchased a new position in shares of Waystar Holding Corp. (NASDAQ:WAY) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 7,874 shares of the company’s stock, valued at approximately $289,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WAY. Dakota Wealth Management acquired a new position in Waystar in the fourth quarter valued at $264,000. Perpetual Ltd acquired a new position in Waystar in the fourth quarter valued at $558,000. CHURCHILL MANAGEMENT Corp acquired a new position in shares of Waystar during the fourth quarter worth about $1,905,000. JPMorgan Chase & Co. increased its stake in shares of Waystar by 7.7% during the third quarter. JPMorgan Chase & Co. now owns 1,345,687 shares of the company’s stock worth $37,531,000 after acquiring an additional 96,552 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Waystar by 697.5% during the third quarter. Geode Capital Management LLC now owns 1,101,424 shares of the company’s stock worth $30,724,000 after acquiring an additional 963,316 shares during the period.

Insider Activity

In related news, CFO Steven M. Oreskovich sold 16,666 shares of the company’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 completion of the transaction, the chief financial officer now owns 173,642 shares of the company’s stock, valued at approximately $5,884,727.38. This represents a 8.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Waystar Trading Up 2.2 %

Shares of NASDAQ WAY opened at $44.70 on Friday. Waystar Holding Corp. has a 12-month low of $20.26 and a 12-month high of $44.78. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.40. The firm’s 50-day moving average is $37.54 and its two-hundred day moving average is $30.99.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Raymond James upgraded shares of Waystar from an “outperform” rating to a “strong-buy” rating and set a $40.00 price target on the stock in a research note on Friday, November 22nd. Bank of America boosted their price objective on shares of Waystar from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Royal Bank of Canada boosted their price objective on shares of Waystar from $31.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. The Goldman Sachs Group boosted their price objective on shares of Waystar from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, Evercore ISI boosted their price objective on shares of Waystar from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $36.55.

Waystar Profile

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