105,540 Shares in Waystar Holding Corp. $WAY Purchased by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC bought a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY) in the 3rd quarter, Holdings Channel reports. The firm bought 105,540 shares of the company’s stock, valued at approximately $4,002,000.

A number of other hedge funds have also recently modified their holdings of the business. Arizona State Retirement System raised its holdings in shares of Waystar by 65.8% in the third quarter. Arizona State Retirement System now owns 33,300 shares of the company’s stock worth $1,263,000 after buying an additional 13,218 shares during the period. New York State Common Retirement Fund grew its position in Waystar by 32.0% in the 3rd quarter. New York State Common Retirement Fund now owns 515,946 shares of the company’s stock valued at $19,565,000 after acquiring an additional 125,199 shares during the last quarter. Federated Hermes Inc. increased its stake in Waystar by 9.0% in the third quarter. Federated Hermes Inc. now owns 873,992 shares of the company’s stock worth $33,142,000 after purchasing an additional 72,274 shares during the period. Kornitzer Capital Management Inc. KS lifted its position in shares of Waystar by 65.9% during the third quarter. Kornitzer Capital Management Inc. KS now owns 172,380 shares of the company’s stock worth $6,537,000 after purchasing an additional 68,490 shares during the last quarter. Finally, Mutual of America Capital Management LLC bought a new stake in shares of Waystar during the third quarter worth $488,000.

Waystar Stock Performance

Shares of WAY stock opened at $26.56 on Friday. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of 42.84, a PEG ratio of 0.33 and a beta of 0.76. Waystar Holding Corp. has a 52-week low of $26.20 and a 52-week high of $48.11. The company has a quick ratio of 3.89, a current ratio of 3.89 and a debt-to-equity ratio of 0.38. The company’s 50 day moving average is $32.33 and its 200 day moving average is $35.31.

Insider Activity

In other news, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the business’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $30.08, for a total value of $1,209,968.00. Following the completion of the transaction, the insider directly owned 474,826 shares of the company’s stock, valued at approximately $14,282,766.08. The trade was a 7.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $37.00, for a total value of $125,800.00. Following the sale, the chief marketing officer owned 193,261 shares of the company’s stock, valued at $7,150,657. This trade represents a 1.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 80,273 shares of company stock worth $2,569,997. 4.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WAY. The Goldman Sachs Group set a $44.00 price target on shares of Waystar in a report on Wednesday, January 14th. Zacks Research downgraded shares of Waystar from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. BMO Capital Markets started coverage on shares of Waystar in a research note on Thursday, November 13th. They set an “outperform” rating and a $47.00 price target for the company. UBS Group initiated coverage on Waystar in a report on Monday, December 15th. They issued a “buy” rating and a $41.00 price target for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Waystar in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $46.64.

Waystar Profile

Waystar (NASDAQ:WAY) is a leading provider of cloud-based revenue cycle management and payment solutions for healthcare organizations. The company’s unified platform streamlines the entire financial continuum of patient care, from eligibility verification and claim submission to payment reconciliation and patient billing. By automating key processes and improving claim accuracy, Waystar helps providers reduce administrative overhead, accelerate cash flow and enhance overall revenue performance.

At the core of Waystar’s offering is a SaaS-based architecture that integrates seamlessly with existing electronic health record (EHR) systems and payer networks.