169,913 Shares in Waystar Holding Corp. $WAY Bought by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY) in the second quarter, HoldingsChannel.com reports. The fund acquired 169,913 shares of the company’s stock, valued at approximately $3,488,000.

A number of other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada increased its position in Waystar by 11.3% in the first quarter. Royal Bank of Canada now owns 21,609 shares of the company’s stock worth $808,000 after purchasing an additional 2,195 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Waystar in the 1st quarter worth about $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Waystar by 91.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,911 shares of the company’s stock worth $1,753,000 after buying an additional 22,364 shares during the period. NewEdge Advisors LLC purchased a new stake in Waystar in the first quarter worth $234,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Waystar by 13.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 747,268 shares of the company’s stock valued at $27,918,000 after buying an additional 88,256 shares in the last quarter.

Insider Activity at Waystar

In other Waystar news, CEO Matthew Hawkins sold 82,500 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $25.97, for a total value of $2,142,525.00. Following the completion of the transaction, the chief executive officer owned 1,804,794 shares in the company, valued at $46,870,500.18. The trade was a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 165,000 shares of company stock valued at $4,206,524 over the last ninety days. Company insiders own 3.50% of the company’s stock.

Waystar Stock Down 3.4%

Shares of NASDAQ WAY opened at $23.06 on Friday. Waystar Holding Corp. has a 12-month low of $17.26 and a 12-month high of $40.35. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.36. The stock has a market cap of $4.42 billion, a PE ratio of 32.94, a P/E/G ratio of 0.93 and a beta of 0.16. The company has a 50-day moving average of $23.79 and a 200 day moving average of $22.76.

Waystar (NASDAQ:WAY) last issued its earnings results on Wednesday, July 29th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. Waystar had a net margin of 11.18% and a return on equity of 7.03%. The company had revenue of $319.67 million for the quarter, compared to the consensus estimate of $316.21 million. During the same period in the previous year, the firm earned $0.36 earnings per share. Waystar’s quarterly revenue was up 18.1% compared to the same quarter last year. As a group, sell-side analysts predict that Waystar Holding Corp. will post 1.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WAY has been the subject of several recent research reports. BMO Capital Markets restated an “outperform” rating on shares of Waystar in a report on Thursday, August 27th. Truist Financial lowered their price objective on Waystar from $38.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Citigroup reissued a “buy” rating on shares of Waystar in a research report on Monday, July 20th. Barclays increased their price objective on Waystar from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, Wells Fargo & Company reduced their target price on shares of Waystar from $36.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Waystar has an average rating of “Moderate Buy” and an average target price of $35.14.

About Waystar

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.