Fuller & Thaler Asset Management Inc. Purchases 427,337 Shares of Waystar Holding Corp. $WAY

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Waystar Holding Corp. by 27.6% during Q1, owning approximately 1.14% of the company which is valued at $73.79 million.
• Waystar's recent quarterly earnings reported $0.36 EPS, exceeding analysts' expectations, and achieved a revenue of $270.65 million, marking a 15.4% increase from the previous year.
• Analyst ratings for Waystar are generally positive, with an average rating of "Buy" and a target price averaging $43.25, reflecting strong institutional interest in the stock.

Fuller & Thaler Asset Management Inc. increased its holdings in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 27.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,975,142 shares of the company's stock after buying an additional 427,337 shares during the period. Fuller & Thaler Asset Management Inc. owned 1.14% of Waystar worth $73,791,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WAY. Vanguard Group Inc. increased its holdings in Waystar by 62.1% during the 1st quarter. Vanguard Group Inc. now owns 8,090,547 shares of the company's stock worth $302,263,000 after purchasing an additional 3,099,211 shares in the last quarter. ArrowMark Colorado Holdings LLC raised its position in shares of Waystar by 2.3% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 3,482,238 shares of the company's stock valued at $127,798,000 after purchasing an additional 79,944 shares during the period. Invesco Ltd. grew its stake in Waystar by 9,107.1% in the 1st quarter. Invesco Ltd. now owns 2,040,285 shares of the company's stock valued at $76,225,000 after buying an additional 2,018,125 shares during the last quarter. Farallon Capital Management LLC bought a new position in Waystar in the 4th quarter valued at about $49,251,000. Finally, Lord Abbett & CO. LLC lifted its position in Waystar by 75.3% during the first quarter. Lord Abbett & CO. LLC now owns 1,336,875 shares of the company's stock worth $49,945,000 after acquiring an additional 574,295 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Citigroup initiated coverage on Waystar in a report on Wednesday, June 25th. They set a "buy" rating and a $45.00 price objective for the company. Canaccord Genuity Group decreased their price objective on Waystar from $50.00 to $47.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Mizuho assumed coverage on Waystar in a research report on Monday, June 30th. They set an "outperform" rating and a $48.00 price objective on the stock. TD Cowen raised Waystar to a "strong-buy" rating in a report on Thursday, June 5th. Finally, Truist Financial upped their price target on shares of Waystar from $50.00 to $51.00 and gave the company a "buy" rating in a research note 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, the stock presently has a consensus rating of "Buy" and a consensus target price of $44.73.

Insiders Place Their Bets

In related news, CEO Matthew J. Hawkins sold 46,667 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $34.66, for a total value of $1,617,478.22. Following the sale, the chief executive officer directly owned 764,131 shares of the company's stock, valued at $26,484,780.46. This trade represents a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider T. Craig Bridge sold 85,000 shares of Waystar stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $37.09, for a total value of $3,152,650.00. Following the completion of the transaction, the insider owned 682,843 shares in the company, valued at approximately $25,326,646.87. This represents a 11.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 581,022 shares of company stock valued at $22,078,500 in the last quarter. Corporate insiders own 4.10% of the company's stock.

Waystar Price Performance

Shares of Waystar stock traded up $0.66 on Thursday, reaching $35.75. 1,932,228 shares of the stock were exchanged, compared to its average volume of 1,761,240. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.43 and a current ratio of 3.43. The firm has a market cap of $6.23 billion, a PE ratio of 74.48, a P/E/G ratio of 0.64 and a beta of 0.79. The firm's 50 day moving average is $37.06 and its 200-day moving average is $38.47. Waystar Holding Corp. has a one year low of $25.76 and a one year high of $48.11.

Waystar (NASDAQ:WAY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. The business had revenue of $270.65 million during the quarter, compared to the consensus estimate of $255.26 million. Waystar had a net margin of 8.50% and a return on equity of 5.65%. The company's revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.04 earnings per share. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. As a group, analysts anticipate that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.

Waystar Profile

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