Waystar Holding Corp. $WAY Shares Purchased by Strs Ohio

Strs Ohio increased its holdings in shares of Waystar Holding Corp. (NASDAQ:WAY) by 64.2% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 68,774 shares of the company’s stock after purchasing an additional 26,900 shares during the quarter. Strs Ohio’s holdings in Waystar were worth $2,811,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WAY. Vanguard Group Inc. increased its position in Waystar by 62.1% during the 1st quarter. Vanguard Group Inc. now owns 8,090,547 shares of the company’s stock worth $302,263,000 after purchasing an additional 3,099,211 shares in the last quarter. Invesco Ltd. grew its position in Waystar by 9,107.1% in the first quarter. Invesco Ltd. now owns 2,040,285 shares of the company’s stock valued at $76,225,000 after acquiring an additional 2,018,125 shares in the last quarter. Ameriprise Financial Inc. grew its position in Waystar by 721.4% in the first quarter. Ameriprise Financial Inc. now owns 1,202,340 shares of the company’s stock valued at $44,919,000 after acquiring an additional 1,055,965 shares in the last quarter. William Blair Investment Management LLC grew its position in Waystar by 23.9% in the second quarter. William Blair Investment Management LLC now owns 5,239,365 shares of the company’s stock valued at $214,133,000 after acquiring an additional 1,011,940 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its position in Waystar by 75.3% in the first quarter. Lord Abbett & CO. LLC now owns 1,336,875 shares of the company’s stock valued at $49,945,000 after acquiring an additional 574,295 shares in the last quarter.

Waystar Stock Up 3.3%

WAY stock opened at $37.03 on Tuesday. Waystar Holding Corp. has a twelve month low of $28.55 and a twelve month high of $48.11. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $7.08 billion, a P/E ratio of 59.73, a PEG ratio of 0.64 and a beta of 0.64. The firm has a 50 day simple moving average of $37.84 and a 200-day simple moving average of $37.88.

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

Analysts Set New Price Targets

WAY has been the subject of several recent research reports. Canaccord Genuity Group set a $54.00 price objective on shares of Waystar in a research report on Thursday. Truist Financial increased their price objective on shares of Waystar from $50.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Citigroup increased their price objective on shares of Waystar from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Friday. Mizuho increased their price objective on shares of Waystar from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Barclays initiated coverage on shares of Waystar in a research report on Tuesday, October 14th. They issued an “overweight” rating and a $50.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $46.43.

Insider Activity

In other Waystar news, CEO Matthew J. Hawkins sold 46,667 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $34.66, for a total value of $1,617,478.22. Following the sale, the chief executive officer directly owned 764,131 shares in the company, valued at approximately $26,484,780.46. This trade represents a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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. Insiders sold a total of 4,546,249 shares of company stock valued at $177,987,193 over the last three months. 4.10% of the stock is currently owned by company insiders.

Waystar Company Profile

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