Waystar Holding Corp. $WAY Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its stake in Waystar Holding Corp. (NASDAQ:WAY) by 2,923.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 882,427 shares of the company’s stock after acquiring an additional 853,239 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.46% of Waystar worth $33,461,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WAY. William Blair Investment Management LLC grew its position in shares of Waystar by 23.9% during the 2nd 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 during the period. Alliancebernstein L.P. increased its stake in Waystar by 3,883.4% during the 2nd quarter. Alliancebernstein L.P. now owns 3,268,932 shares of the company’s stock worth $133,601,000 after buying an additional 3,186,869 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Waystar by 14.9% during the second quarter. Geode Capital Management LLC now owns 2,376,932 shares of the company’s stock valued at $97,155,000 after acquiring an additional 309,119 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Waystar by 10.7% in the second quarter. Bank of America Corp DE now owns 2,087,680 shares of the company’s stock worth $85,323,000 after acquiring an additional 201,262 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Waystar by 28.8% during the second quarter. State Street Corp now owns 2,017,593 shares of the company’s stock worth $82,459,000 after buying an additional 451,262 shares in the last quarter.

Waystar Trading Down 0.9%

NASDAQ:WAY opened at $26.33 on Tuesday. Waystar Holding Corp. has a 1 year low of $26.20 and a 1 year high of $48.11. The stock has a market cap of $5.04 billion, a P/E ratio of 42.47, a P/E/G ratio of 0.33 and a beta of 0.76. 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 has a 50-day simple moving average of $32.13 and a 200-day simple moving average of $35.20.

Insiders Place Their Bets

In related news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the firm’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 transaction, the chief marketing officer owned 193,261 shares in the company, valued at $7,150,657. This trade represents a 1.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the business’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $30.08, for a total value of $1,209,968.00. Following the completion of the transaction, the insider owned 474,826 shares in the company, valued at $14,282,766.08. This trade represents a 7.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 80,273 shares of company stock valued at $2,569,997. 4.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WAY. Wall Street Zen downgraded Waystar from a “buy” rating to a “hold” rating in a research report on Saturday, November 29th. Zacks Research lowered Waystar from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Waystar in a report on Wednesday, January 21st. The Goldman Sachs Group set a $44.00 price target on shares of Waystar in a research report on Wednesday, January 14th. Finally, Mizuho boosted their target price on Waystar from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $46.40.

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.