882,965 Shares in Waystar Holding Corp. $WAY Bought by Bain Capital Venture Investors LLC

Bain Capital Venture Investors LLC bought a new position in Waystar Holding Corp. (NASDAQ:WAY - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 882,965 shares of the company's stock, valued at approximately $18,127,271. Waystar comprises 0.0% of Bain Capital Venture Investors LLC's portfolio, making the stock its 2nd largest position. Bain Capital Venture Investors LLC owned approximately 0.46% of Waystar as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of WAY. Clarkston Capital Partners LLC purchased a new stake in Waystar during the first quarter valued at approximately $22,917,000. Hsbc Holdings PLC purchased a new position in shares of Waystar in the 1st quarter worth approximately $5,625,000. Perigon Wealth Management LLC bought a new position in shares of Waystar during the 2nd quarter valued at approximately $878,000. Dimensional Fund Advisors LP increased its position in shares of Waystar by 73.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,046,396 shares of the company's stock valued at $49,329,000 after purchasing an additional 868,853 shares during the last quarter. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Waystar during the 2nd quarter valued at $43,314,000.

Insider Activity at Waystar

In other news, CEO Matthew J. Hawkins sold 60,038 shares of Waystar stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $25.01, for a total transaction of $1,501,550.38. Following the completion of the sale, the chief executive officer 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.50% of the company's stock.

Waystar Stock Performance

Shares of Waystar stock opened at $26.24 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.36. The stock's fifty day moving average is $22.87 and its two-hundred day moving average is $22.69. Waystar Holding Corp. has a 52 week low of $17.26 and a 52 week high of $41.47. The company has a market capitalization of $5.03 billion, a PE ratio of 37.49, a price-to-earnings-growth ratio of 0.98 and a beta of 0.06.

Waystar (NASDAQ:WAY - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.03. The firm had revenue of $319.67 million during 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 business's revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 earnings per share. As a group, analysts expect that Waystar Holding Corp. will post 1.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Truist Financial lowered their price target on Waystar from $38.00 to $33.00 and set a "buy" rating for the company in a research report on Thursday, August 13th. Wells Fargo & Company reduced their target price on shares of Waystar from $36.00 to $33.00 and set an "overweight" rating on the stock in a research note on Thursday, July 30th. Wall Street Zen lowered shares of Waystar from a "buy" rating to a "hold" rating in a report on Sunday, May 24th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $44.00 price target on shares of Waystar in a research note on Thursday. 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, twenty have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.39.

Waystar Company Profile

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.