Aperture Investors LLC Makes New $14.12 Million Investment in Waystar Holding Corp. $WAY

Key Points

• Aperture Investors LLC has invested $14.12 million in Waystar Holding Corp., acquiring 377,875 shares, representing 1.8% of their holdings.
• Waystar's CEO Matthew J. Hawkins sold 46,667 shares valued at approximately $1.62 million, reducing his ownership by 5.76%.
• Research analysts have a consensus rating of "Buy" for Waystar, with a target price ranging from $45.00 to $51.00 based on recent reports.

Aperture Investors LLC purchased a new stake in Waystar Holding Corp. (NASDAQ:WAY - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 377,875 shares of the company's stock, valued at approximately $14,117,000. Waystar makes up 1.8% of Aperture Investors LLC's holdings, making the stock its 21st biggest position. Aperture Investors LLC owned 0.22% of Waystar at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. increased its position in shares of Waystar by 170.4% in the first quarter. Victory Capital Management Inc. now owns 178,024 shares of the company's stock valued at $6,651,000 after buying an additional 112,179 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Waystar by 107.9% in the first quarter. Teacher Retirement System of Texas now owns 40,042 shares of the company's stock worth $1,496,000 after acquiring an additional 20,780 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Waystar by 84.1% in the first quarter. Amalgamated Bank now owns 2,716 shares of the company's stock worth $101,000 after acquiring an additional 1,241 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Waystar by 62.1% in the first quarter. Vanguard Group Inc. now owns 8,090,547 shares of the company's stock worth $302,263,000 after acquiring an additional 3,099,211 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Waystar in the first quarter worth $212,000.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WAY. TD Cowen raised Waystar to a "strong-buy" rating in a report on Thursday, June 5th. Citigroup began coverage on Waystar in a report on Wednesday, June 25th. They issued a "buy" rating and a $45.00 price target for the company. Truist Financial boosted their price target on Waystar from $50.00 to $51.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Finally, Mizuho started coverage on Waystar in a report on Monday, June 30th. They issued an "outperform" rating and a $48.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $44.73.

Insider Activity

In other Waystar news, CEO Matthew J. Hawkins sold 46,667 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $34.66, for a total transaction of $1,617,478.22. Following the completion of the sale, the chief executive officer owned 764,131 shares of the company's stock, valued at approximately $26,484,780.46. The trade was a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Christopher L. Schremser sold 8,623 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $34.49, for a total value of $297,407.27. Following the sale, the chief technology officer directly owned 438,044 shares of the company's stock, valued at approximately $15,108,137.56. This trade represents a 1.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 246,411 shares of company stock valued at $9,110,688 in the last 90 days. 4.10% of the stock is owned by corporate insiders.

Waystar Trading Down 2.2%

WAY stock traded down $0.84 during trading on Tuesday, reaching $37.04. 1,388,339 shares of the stock traded hands, compared to its average volume of 1,843,797. The business's 50 day moving average price is $36.92 and its 200-day moving average price is $38.15. Waystar Holding Corp. has a 52-week low of $25.76 and a 52-week high of $48.11. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.43 and a quick ratio of 3.43. The firm has a market capitalization of $6.45 billion, a PE ratio of 77.17, 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 results on Wednesday, July 30th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. Waystar had a return on equity of 5.65% and a net margin of 8.50%.The firm had revenue of $270.65 million during the quarter, compared to the consensus estimate of $255.26 million. During the same quarter in the previous year, the business earned $0.04 earnings per share. The firm's quarterly revenue was up 15.4% compared to the same quarter last year. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. As a group, sell-side analysts forecast that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Waystar Profile

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