Aurora Investment Counsel Makes New $1.76 Million Investment in Waystar Holding Corp. $WAY

Key Points

• Aurora Investment Counsel acquired 85,951 Waystar shares during the second quarter, valued at approximately $1.76 million. Other institutions, including Goldman Sachs and Mirae Asset, also increased their holdings.
• Waystar reported quarterly EPS of $0.43, topping estimates of $0.40, while revenue rose 18.1% year over year to $319.67 million. The stock opened at $24.84, with a consensus analyst rating of “Moderate Buy” and a $35 price target.
• Analyst sentiment remains broadly positive, although ratings range from Weiss Ratings’ “sell” to multiple “buy” and “outperform” recommendations. CEO Matthew Hawkins separately sold 60,038 shares under a pre-arranged Rule 10b5-1 plan.

Aurora Investment Counsel acquired a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 85,951 shares of the company's stock, valued at approximately $1,765,000.

Several other large investors also recently bought and sold shares of WAY. Royal Bank of Canada lifted its stake in shares of Waystar by 11.3% during the 1st quarter. Royal Bank of Canada now owns 21,609 shares of the company's stock worth $808,000 after acquiring an additional 2,195 shares during the last quarter. AQR Capital Management LLC purchased a new position in shares of Waystar in the 1st quarter valued at $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in 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 purchasing an additional 22,364 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of Waystar during the 1st quarter worth approximately $234,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of 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 purchasing an additional 88,256 shares during the last quarter.

Waystar Stock Up 2.1%

NASDAQ:WAY opened at $24.84 on Thursday. The stock's fifty day moving average is $21.95 and its two-hundred day moving average is $22.67. Waystar Holding Corp. has a 52 week low of $17.26 and a 52 week high of $41.47. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 35.49, a price-to-earnings-growth ratio of 0.95 and a beta of 0.06. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.36.

Waystar (NASDAQ:WAY - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.03. The company had revenue of $319.67 million for the quarter, compared to analyst estimates of $316.21 million. Waystar had a net margin of 11.18% and a return on equity of 7.03%. The firm's quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.36 EPS. Research analysts anticipate that Waystar Holding Corp. will post 1.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on WAY shares. Weiss Ratings lowered shares of Waystar from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, June 24th. UBS Group dropped their target price on Waystar from $37.00 to $33.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Wolfe Research raised shares of Waystar to an "outperform" rating in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $39.00 target price on shares of Waystar in a research note on Friday, July 31st. Finally, Citigroup reiterated a "buy" rating on shares of Waystar in a report on Monday, July 20th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Waystar presently has an average rating of "Moderate Buy" and a consensus price target of $35.00.

Insider Buying and Selling at Waystar

In other news, CEO Matthew J. Hawkins sold 60,038 shares of the business's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $25.01, for a total value of $1,501,550.38. Following the completion of the sale, the chief executive officer directly owned 1,835,081 shares of the company's stock, valued at approximately $45,895,375.81. The trade was a 3.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.50% of the company's stock.

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.

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