22,780 Shares in Waystar Holding Corp. $WAY Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. acquired a new stake in Waystar Holding Corp. (NASDAQ:WAY) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,780 shares of the company’s stock, valued at approximately $864,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Salomon & Ludwin LLC acquired a new stake in shares of Waystar in the third quarter valued at about $25,000. First Horizon Corp purchased a new position in Waystar in the 3rd quarter worth approximately $38,000. Nisa Investment Advisors LLC grew its position in Waystar by 50.6% in the second quarter. Nisa Investment Advisors LLC now owns 1,065 shares of the company’s stock valued at $44,000 after acquiring an additional 358 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Waystar by 3,219.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock valued at $57,000 after purchasing an additional 1,352 shares during the period. Finally, CWM LLC lifted its position in shares of Waystar by 515.8% during the third quarter. CWM LLC now owns 2,100 shares of the company’s stock worth $80,000 after purchasing an additional 1,759 shares in the last quarter.

Insiders Place Their Bets

In related news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $37.00, for a total transaction of $125,800.00. Following the transaction, the chief marketing officer directly owned 193,261 shares in the company, valued at $7,150,657. This trade represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Christopher L. Schremser sold 8,623 shares of Waystar stock in a transaction on Monday, November 10th. The stock was sold at an average price of $36.12, for a total transaction of $311,462.76. Following the completion of the transaction, the chief technology officer directly owned 422,371 shares of the company’s stock, valued at approximately $15,256,040.52. This represents a 2.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 80,273 shares of company stock valued at $2,569,997 in the last quarter. Insiders own 4.10% of the company’s stock.

Waystar Stock Performance

Shares of Waystar stock opened at $29.98 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.89 and a current ratio of 3.89. Waystar Holding Corp. has a 1 year low of $28.71 and a 1 year high of $48.11. The firm’s 50-day simple moving average is $33.04 and its 200-day simple moving average is $35.65. The firm has a market cap of $5.74 billion, a PE ratio of 48.35, a price-to-earnings-growth ratio of 0.37 and a beta of 0.76.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group set a $54.00 price target on shares of Waystar in a report on Thursday, October 30th. UBS Group initiated coverage on Waystar in a research report on Monday, December 15th. They set a “buy” rating and a $41.00 target price on the stock. Zacks Research downgraded Waystar from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. BMO Capital Markets assumed coverage on Waystar in a research note on Thursday, November 13th. They set an “outperform” rating and a $47.00 price objective for the company. Finally, Citigroup dropped their price objective on Waystar from $49.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, January 9th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average 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.