Deutsche Bank AG Increases Stock Position in Waystar Holding Corp. $WAY

Key Points

• Deutsche Bank AG increased its stake in Waystar Holding Corp. by 76.7% in the first quarter, owning 61,560 shares valued at approximately $2.3 million.
• Institutional investors are actively increasing their positions in Waystar, with Vanguard Group raising its stake by 62.1%, now owning over 8 million shares valued at $302 million.
• Waystar's recent earnings report showed an EPS of $0.36, exceeding analyst expectations and reflecting a 15.4% increase in revenue year-over-year.

Deutsche Bank AG grew its stake in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 76.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 61,560 shares of the company's stock after buying an additional 26,713 shares during the period. Deutsche Bank AG's holdings in Waystar were worth $2,300,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Waystar by 62.1% during the 1st quarter. Vanguard Group Inc. now owns 8,090,547 shares of the company's stock valued at $302,263,000 after buying an additional 3,099,211 shares during the period. ArrowMark Colorado Holdings LLC grew its stake in shares of Waystar by 2.3% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 3,482,238 shares of the company's stock valued at $127,798,000 after buying an additional 79,944 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Waystar during the 4th quarter valued at $56,804,000. Farallon Capital Management LLC purchased a new stake in shares of Waystar during the 4th quarter valued at $49,251,000. Finally, Bank of America Corp DE grew its stake in shares of Waystar by 263.2% during the 4th quarter. Bank of America Corp DE now owns 1,104,189 shares of the company's stock valued at $40,524,000 after buying an additional 800,183 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WAY. Canaccord Genuity Group lowered their price objective on shares of Waystar from $50.00 to $47.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Citigroup assumed coverage on shares of Waystar in a report on Wednesday, June 25th. They set a "buy" rating and a $45.00 target price on the stock. TD Cowen upgraded shares of Waystar to a "strong-buy" rating in a report on Thursday, June 5th. Mizuho assumed coverage on shares of Waystar in a report on Monday, June 30th. They set an "outperform" rating and a $48.00 target price on the stock. Finally, Truist Financial lifted their target price on shares of Waystar from $50.00 to $51.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $44.73.

Waystar Stock Performance

Shares of WAY stock opened at $35.09 on Thursday. Waystar Holding Corp. has a 12 month low of $25.76 and a 12 month 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 $6.11 billion, a P/E ratio of 73.11, a P/E/G ratio of 0.65 and a beta of 0.79. The company's fifty day moving average price is $37.14 and its two-hundred day moving average price is $38.50.

Waystar (NASDAQ:WAY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. Waystar had a net margin of 8.50% and a return on equity of 5.65%. The firm had revenue of $270.65 million for the quarter, compared to analyst estimates of $255.26 million. During the same quarter in the previous year, the business posted $0.04 EPS. The firm's 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. On average, research analysts anticipate that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Insider Activity

In other Waystar news, CTO Christopher L. Schremser sold 8,623 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $34.49, for a total value of $297,407.27. Following the transaction, the chief technology officer owned 438,044 shares in the company, valued at $15,108,137.56. The trade was a 1.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Matthew J. Hawkins sold 197,847 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $38.53, for a total transaction of $7,623,044.91. Following the completion of the transaction, the chief executive officer owned 764,131 shares in the company, valued at $29,441,967.43. This represents a 20.57% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 581,022 shares of company stock worth $22,078,500. 4.10% of the stock is owned by corporate insiders.

Waystar Company Profile

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

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