Quantbot Technologies LP Trims Stock Position in Waystar Holding Corp. $WAY

Quantbot Technologies LP trimmed its holdings in Waystar Holding Corp. (NASDAQ:WAY) by 12.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 261,654 shares of the company’s stock after selling 38,259 shares during the quarter. Quantbot Technologies LP owned 0.15% of Waystar worth $10,694,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Central Pacific Bank Trust Division acquired a new stake in Waystar during the second quarter worth about $33,000. Nisa Investment Advisors LLC boosted its position in Waystar by 50.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,065 shares of the company’s stock worth $44,000 after purchasing an additional 358 shares in the last quarter. State of Wyoming acquired a new stake in shares of Waystar during the 1st quarter worth approximately $54,000. Quarry LP purchased a new position in shares of Waystar during the 1st quarter valued at approximately $60,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Waystar in the 1st quarter valued at $127,000.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WAY. Needham & Company LLC initiated coverage on shares of Waystar in a research report on Tuesday, November 11th. They set a “buy” rating and a $46.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Waystar in a research report on Wednesday, October 8th. Baird R W raised Waystar to a “strong-buy” rating in a report on Friday, September 5th. Zacks Research raised Waystar from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Finally, Wall Street Zen downgraded Waystar from a “buy” rating to a “hold” rating in a research note on Saturday. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $48.69.

Waystar Trading Down 1.5%

NASDAQ WAY opened at $36.34 on Tuesday. 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 one year low of $29.50 and a one year high of $48.11. The company has a 50-day simple moving average of $36.98 and a 200-day simple moving average of $37.53. The firm has a market capitalization of $6.95 billion, a PE ratio of 58.61, a price-to-earnings-growth ratio of 0.56 and a beta of 0.63.

Insider Activity at Waystar

In related news, insider Eric L. (Ric) Sinclair III sold 19,404 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $40.03, for a total transaction of $776,742.12. Following the completion of the transaction, the insider directly owned 474,826 shares in the company, valued at $19,007,284.78. This represents a 3.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven M. Oreskovich sold 16,666 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer owned 354,512 shares in the company, valued at $14,354,190.88. The trade was a 4.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 4,499,581 shares of company stock valued at $176,385,253. 4.10% of the stock is owned by insiders.

Waystar Profile

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