27,287 Shares in Waystar Holding Corp. $WAY Purchased by Bfsg LLC

Key Points

• Bfsg LLC has acquired 27,287 shares of Waystar Holding Corp., valued at approximately $1,115,000, according to a recent SEC filing.
• Waystar's stock opened at $37.77, has a market capitalization of $6.58 billion, and has shown a 52-week range between $26.56 and $48.11.
• Insider sales over the last ninety days totaled 4,643,216 shares worth $181,622,108, indicating notable executive activity within the company.

Bfsg LLC acquired a new position in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 27,287 shares of the company's stock, valued at approximately $1,115,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Waystar by 62.1% in the 1st quarter. Vanguard Group Inc. now owns 8,090,547 shares of the company's stock worth $302,263,000 after buying an additional 3,099,211 shares during the last quarter. Invesco Ltd. boosted its stake in Waystar by 9,107.1% in the 1st quarter. Invesco Ltd. now owns 2,040,285 shares of the company's stock worth $76,225,000 after buying an additional 2,018,125 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Waystar by 721.4% in the 1st quarter. Ameriprise Financial Inc. now owns 1,202,340 shares of the company's stock worth $44,919,000 after buying an additional 1,055,965 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in Waystar by 75.3% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,336,875 shares of the company's stock worth $49,945,000 after buying an additional 574,295 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Waystar in the 1st quarter worth about $20,520,000.

Insider Activity at Waystar

In other news, insider T. Craig Bridge sold 85,000 shares of the business's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $40.06, for a total value of $3,405,100.00. Following the completion of the sale, the insider directly owned 583,355 shares in the company, valued at approximately $23,369,201.30. The trade was a 12.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Christopher L. Schremser sold 8,623 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $40.49, for a total value of $349,145.27. Following the completion of the sale, the chief technology officer owned 422,371 shares of the company's stock, valued at $17,101,801.79. This trade represents a 2.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,643,216 shares of company stock worth $181,622,108 over the last ninety days. Company insiders own 4.10% of the company's stock.

Waystar Price Performance

WAY stock opened at $37.77 on Wednesday. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.39. Waystar Holding Corp. has a 52-week low of $26.56 and a 52-week high of $48.11. The stock's 50 day moving average is $36.79 and its two-hundred day moving average is $37.73. The company has a market capitalization of $6.58 billion, a PE ratio of 78.69, a P/E/G ratio of 0.69 and a beta of 0.78.

Waystar (NASDAQ:WAY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. Waystar had a return on equity of 5.65% and a net margin of 8.50%.The company had revenue of $270.65 million for the quarter, compared to the consensus estimate of $255.26 million. During the same period in the previous year, the business earned $0.04 EPS. Waystar's revenue for the quarter was up 15.4% compared to the same quarter last year. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. Analysts predict that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Mizuho assumed coverage on Waystar in a research note on Monday, June 30th. They issued an "outperform" rating and a $48.00 price target on the stock. Citigroup assumed coverage on Waystar in a research note on Thursday, September 18th. They issued an "outperform" rating on the stock. Citizens Jmp began coverage on Waystar in a research note on Thursday, September 18th. They issued a "mkt outperform" rating and a $48.00 price target on the stock. Robert W. Baird began coverage on Waystar in a report on Friday, September 5th. They issued an "outperform" rating and a $44.00 price objective on the stock. Finally, Truist Financial raised their price objective on Waystar from $50.00 to $51.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Three analysts have rated the stock with a Strong Buy rating and twelve have given a Buy rating to the stock. Based on data from MarketBeat.com, Waystar currently has an average rating of "Buy" and a consensus target price of $45.14.

About Waystar

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

Want to see what other hedge funds are holding WAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waystar Holding Corp. (NASDAQ:WAY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.