55,141 Shares of Waystar Holding Corp. $WAY Acquired by Robeco Schweiz AG

Key Points

• Robeco Schweiz AG acquired 55,141 Waystar shares during the third quarter, valued at approximately $1.4 million. Several other institutional investors also increased or initiated positions in the healthcare technology company.
• Analysts maintain a generally positive outlook, with Waystar receiving a consensus “Moderate Buy” rating and an average price target of $34.90, despite some recent target and rating adjustments.
• Waystar reported quarterly revenue of $319.67 million, up 18.1% year over year, and adjusted earnings of $0.43 per share, exceeding analyst expectations. However, insiders sold 247,500 shares worth approximately $6.37 million over the past 90 days.

Robeco Schweiz AG acquired a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 55,141 shares of the company's stock, valued at approximately $1,397,000.

A number of other hedge funds also recently made changes to their positions in WAY. Simplicity Wealth LLC increased its holdings in Waystar by 8.1% in the 3rd quarter. Simplicity Wealth LLC now owns 41,278 shares of the company's stock worth $1,046,000 after acquiring an additional 3,095 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in Waystar by 2.7% during the third quarter. Yousif Capital Management LLC now owns 32,100 shares of the company's stock valued at $813,000 after purchasing an additional 855 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Waystar by 18.5% in the third quarter. Nisa Investment Advisors LLC now owns 2,782 shares of the company's stock worth $70,000 after purchasing an additional 435 shares during the period. Abel Hall LLC bought a new position in shares of Waystar in the third quarter worth approximately $263,000. Finally, Vontobel Holding Ltd. bought a new position in shares of Waystar in the third quarter worth approximately $359,000.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WAY. Truist Financial decreased their price objective on shares of Waystar from $38.00 to $33.00 and set a "buy" rating on the stock in a research report on Thursday, August 13th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Waystar in a report on Thursday, August 27th. Wolfe Research upgraded Waystar to an "outperform" rating in a research note on Thursday, August 13th. Barclays cut Waystar from an "overweight" rating to an "equal weight" rating and raised their price target for the company from $27.00 to $30.00 in a report on Tuesday, September 15th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $39.00 price objective on shares of Waystar in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.90.

Insider Buying and Selling at Waystar

In other news, CEO Matthew Hawkins sold 82,500 shares of the firm's stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $26.23, for a total transaction of $2,163,975.00. Following the completion of the transaction, the chief executive officer owned 1,804,794 shares in the company, valued at $47,339,746.62. This trade represents a 4.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 247,500 shares of company stock worth $6,370,499 in the last ninety days. Company insiders own 3.50% of the company's stock.

Waystar Price Performance

WAY stock opened at $28.85 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.85 and a current ratio of 1.85. The company's fifty day moving average price is $25.80 and its 200-day moving average price is $23.10. Waystar Holding Corp. has a one year low of $17.26 and a one year high of $40.35. The company has a market capitalization of $5.53 billion, a PE ratio of 41.21, a price-to-earnings-growth ratio of 1.12 and a beta of 0.18.

Waystar (NASDAQ:WAY - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. The company had revenue of $319.67 million during the quarter, compared to analysts' expectations of $316.21 million. Waystar had a net margin of 11.18% and a return on equity of 7.03%. Waystar's quarterly revenue was up 18.1% on a year-over-year basis. During the same period last year, the company posted $0.36 earnings per share. On average, equities analysts anticipate that Waystar Holding Corp. will post 1.47 EPS for the current fiscal year.

Waystar Company Profile

Waystar Holding Corp. is a healthcare technology company that provides cloud-based software designed to simplify administrative and financial processes across the healthcare industry. Its platform connects healthcare providers, health plans and patients, helping organizations manage revenue cycle operations and improve the flow of information and payments.

The company's products and services include electronic claims management, eligibility and benefits verification, prior authorization, payment integrity, denial management, patient estimates and payments, billing automation, and healthcare analytics.

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