King Luther Capital Management Corp Purchases New Position in Waystar Holding Corp. $WAY

King Luther Capital Management Corp purchased a new stake in Waystar Holding Corp. (NASDAQ:WAY) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 82,165 shares of the company’s stock, valued at approximately $3,358,000.

Several other large investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division bought a new position in shares of Waystar in the second quarter valued at approximately $33,000. Nisa Investment Advisors LLC grew its position in Waystar by 50.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,065 shares of the company’s stock worth $44,000 after acquiring an additional 358 shares during the last quarter. State of Wyoming acquired a new stake in Waystar during the 1st quarter valued at $54,000. Quarry LP bought a new position in Waystar in the 1st quarter valued at $60,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Waystar in the first quarter worth $127,000.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on WAY shares. JMP Securities began coverage on Waystar in a report on Thursday, September 18th. They issued a “market outperform” rating and a $48.00 price target for the company. Zacks Research upgraded shares of Waystar from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Canaccord Genuity Group set a $54.00 target price on shares of Waystar in a research report on Thursday, October 30th. Wall Street Zen raised shares of Waystar from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Finally, Baird R W upgraded shares of Waystar to a “strong-buy” rating in a research report on Friday, September 5th. Four research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $48.33.

Insider Activity at Waystar

In related news, CEO Matthew J. Hawkins sold 12,800 shares of Waystar stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $38.08, for a total transaction of $487,424.00. Following the completion of the sale, the chief executive officer directly owned 717,474 shares of the company’s stock, valued at $27,321,409.92. The trade was a 1.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Steven M. Oreskovich sold 16,666 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $40.49, for a total value of $674,806.34. Following the completion of the transaction, the chief financial officer directly owned 354,512 shares in the company, valued at $14,354,190.88. The trade was a 4.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 4,490,959 shares of company stock worth $176,072,308. 4.10% of the stock is owned by company insiders.

Waystar Stock Performance

Waystar stock opened at $36.11 on Tuesday. The company has a market cap of $6.91 billion, a PE ratio of 58.24, a PEG ratio of 0.56 and a beta of 0.64. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 0.38. Waystar Holding Corp. has a 1 year low of $29.29 and a 1 year high of $48.11. The company’s 50-day moving average is $37.72 and its two-hundred day moving average is $37.88.

Waystar (NASDAQ:WAY) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.34 by $0.03. Waystar had a net margin of 10.69% and a return on equity of 6.83%. The company had revenue of $268.65 million during the quarter, compared to analysts’ expectations of $256.12 million. During the same quarter in the previous year, the company earned $0.14 EPS. Waystar’s revenue was up 11.9% on a year-over-year basis. Waystar has set its FY 2025 guidance at 1.460-1.470 EPS. Equities analysts anticipate that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Waystar Company Profile

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