Waystar Holding Corp. $WAY Position Raised by Strs Ohio

Strs Ohio raised its stake in Waystar Holding Corp. (NASDAQ:WAY) by 64.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 68,774 shares of the company’s stock after buying 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 hedge funds and other institutional investors have also modified their holdings of WAY. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Waystar during the first quarter valued at about $212,000. KBC Group NV acquired a new position in Waystar during the first quarter worth about $109,000. Amalgamated Bank grew its holdings in Waystar by 84.1% during the first quarter. Amalgamated Bank now owns 2,716 shares of the company’s stock worth $101,000 after acquiring an additional 1,241 shares during the period. Teacher Retirement System of Texas grew its holdings in Waystar by 107.9% during the first quarter. Teacher Retirement System of Texas now owns 40,042 shares of the company’s stock worth $1,496,000 after acquiring an additional 20,780 shares during the period. Finally, Principal Financial Group Inc. acquired a new position in Waystar during the first quarter worth about $221,000.

Insider Buying and Selling at Waystar

In other news, CTO Christopher L. Schremser sold 8,623 shares of Waystar stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $36.21, for a total transaction of $312,238.83. Following the completion of the sale, the chief technology officer directly owned 422,371 shares in the company, valued at $15,294,053.91. The trade was a 2.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Steven M. Oreskovich sold 16,666 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was 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 of the company’s stock, valued at approximately $14,354,190.88. This trade represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 4,546,249 shares of company stock worth $177,987,193 over the last quarter. Insiders own 4.10% of the company’s stock.

Waystar Stock Up 3.3%

Shares of Waystar stock opened at $37.03 on Tuesday. The firm has a market cap of $7.08 billion, a price-to-earnings ratio of 59.73, a P/E/G ratio of 0.64 and a beta of 0.64. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.89 and a quick ratio of 3.89. Waystar Holding Corp. has a 52-week low of $28.55 and a 52-week high of $48.11. The stock has a 50-day simple moving average of $37.84 and a 200-day simple moving average of $37.88.

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

Wall Street Analyst Weigh In

WAY has been the topic of a number of research analyst reports. Barclays initiated coverage on Waystar in a report on Tuesday, October 14th. They set an “overweight” rating and a $50.00 target price on the stock. Citizens Jmp initiated coverage on Waystar in a report on Thursday, September 18th. They set a “mkt outperform” rating and a $48.00 target price on the stock. JMP Securities initiated coverage on Waystar in a report on Thursday, September 18th. They set a “market outperform” rating and a $48.00 target price on the stock. Baird R W raised Waystar to a “strong-buy” rating in a report on Friday, September 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Waystar in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Waystar currently has an average rating of “Buy” and a consensus price target of $46.43.

Waystar Profile

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