Voya Investment Management LLC Has $54.09 Million Stake in Waystar Holding Corp. $WAY

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

A number of other hedge funds have also modified their holdings of WAY. Harbour Capital Advisors LLC grew its holdings in Waystar by 80.5% during the third quarter. Harbour Capital Advisors LLC now owns 14,130 shares of the company’s stock valued at $536,000 after purchasing an additional 6,300 shares during the period. Corient Private Wealth LLC acquired a new stake in Waystar in the second quarter worth $408,000. Squarepoint Ops LLC boosted its position in shares of 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 purchasing an additional 45,326 shares in the last quarter. Munro Partners acquired a new position in shares of Waystar in the 2nd quarter valued at $3,523,000. Finally, State of Wyoming increased its position 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.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on WAY shares. Wall Street Zen cut Waystar from a “buy” rating to a “hold” rating in a research note on Saturday, November 29th. Citizens Jmp assumed coverage on Waystar in a report on Thursday, September 18th. They issued a “mkt outperform” rating and a $48.00 price target on the stock. UBS Group assumed coverage on Waystar in a report on Monday. They set a “buy” rating and a $41.00 price objective for the company. Citigroup upped their price target on Waystar from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Zacks Research upgraded shares of Waystar from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $47.57.

Waystar Stock Up 0.8%

Shares of WAY opened at $32.84 on Friday. The firm has a market cap of $6.28 billion, a P/E ratio of 52.97, a price-to-earnings-growth 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. Waystar Holding Corp. has a 52 week low of $29.40 and a 52 week high of $48.11. The firm’s 50-day simple moving average is $35.69 and its 200 day simple moving average is $36.97.

Insider Transactions at Waystar

In related news, insider Eric L. (Ric) Sinclair III sold 9,701 shares of Waystar stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $37.63, for a total transaction of $365,048.63. Following the completion of the sale, the insider directly owned 474,826 shares of the company’s stock, valued at approximately $17,867,702.38. This trade represents a 2.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Matthew J. Hawkins sold 12,800 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $38.08, for a total value of $487,424.00. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 83,372 shares of company stock worth $3,029,285 in the last ninety days. 4.10% of the stock is currently owned by company insiders.

Waystar Company 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.