Voya Investment Management LLC Buys 839,759 Shares of Waystar Holding Corp. $WAY

Voya Investment Management LLC boosted its position in shares of Waystar Holding Corp. (NASDAQ:WAY) by 143.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,426,330 shares of the company’s stock after acquiring an additional 839,759 shares during the period. Voya Investment Management LLC owned approximately 0.82% of Waystar worth $54,086,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in WAY. Harbour Capital Advisors LLC grew its holdings in shares of Waystar by 80.5% during the 3rd quarter. Harbour Capital Advisors LLC now owns 14,130 shares of the company’s stock worth $536,000 after purchasing an additional 6,300 shares in the last quarter. Corient Private Wealth LLC bought a new position in Waystar in the second quarter worth $408,000. Squarepoint Ops LLC boosted its stake in Waystar by 473.9% during the second quarter. Squarepoint Ops LLC now owns 54,891 shares of the company’s stock worth $2,243,000 after buying an additional 45,326 shares in the last quarter. Munro Partners bought a new stake in Waystar in the 2nd quarter valued at $3,523,000. Finally, State of Wyoming raised its stake in shares of Waystar by 45.1% in the 2nd quarter. State of Wyoming now owns 2,098 shares of the company’s stock valued at $86,000 after buying an additional 652 shares in the last quarter.

Insider Activity at Waystar

In other news, CEO Matthew J. Hawkins sold 12,800 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $38.08, for a total transaction of $487,424.00. Following the transaction, the chief executive officer directly owned 717,474 shares in the company, valued at approximately $27,321,409.92. This represents 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 accessible through this link. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, 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 position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 83,372 shares of company stock valued at $3,029,285. Insiders own 4.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on WAY shares. Barclays decreased their target price on shares of Waystar from $56.00 to $42.00 and set an “overweight” rating on the stock in a research report on Monday, December 8th. Mizuho lifted their price objective on Waystar from $48.00 to $50.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Citigroup increased their target price on Waystar from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Baird R W upgraded Waystar to a “strong-buy” rating in a research report on Friday, September 5th. Finally, BMO Capital Markets started coverage on Waystar in a research report on Thursday, November 13th. They issued an “outperform” rating and a $47.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $47.57.

Waystar Price Performance

Shares of WAY stock opened at $32.84 on Friday. Waystar Holding Corp. has a 52 week low of $29.40 and a 52 week high of $48.11. The stock has a market capitalization of $6.28 billion, a PE ratio of 52.97, a PEG ratio of 0.50 and a beta of 0.64. The company has a debt-to-equity ratio of 0.38, a quick ratio of 3.89 and a current ratio of 3.89. The stock’s fifty day moving average is $35.69 and its 200-day moving average is $36.97.

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.