Nuveen LLC Makes New Investment in Waystar Holding Corp. $WAY

Key Points

• Nuveen LLC has invested approximately $20.5 million in Waystar Holding Corp. by acquiring 549,238 shares, indicating growing institutional interest in the company.
• Waystar Holding Corp. reported better-than-expected earnings with an EPS of $0.36 for the last quarter, surpassing the consensus estimate by $0.03.
• Analysts generally maintain a positive outlook on Waystar, with an average target price of $44.73 and a majority rating the stock as a "Buy" or "Strong Buy".

Nuveen LLC bought a new position in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 549,238 shares of the company's stock, valued at approximately $20,520,000. Nuveen LLC owned approximately 0.32% of Waystar as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Gen Wealth Partners Inc purchased a new stake in Waystar during the fourth quarter worth $92,000. Amalgamated Bank boosted its position in Waystar by 84.1% during the first quarter. Amalgamated Bank now owns 2,716 shares of the company's stock worth $101,000 after purchasing an additional 1,241 shares in the last quarter. KBC Group NV purchased a new stake in Waystar during the first quarter worth $109,000. RiverPark Advisors LLC boosted its position in Waystar by 25.5% during the fourth quarter. RiverPark Advisors LLC now owns 3,498 shares of the company's stock worth $128,000 after purchasing an additional 710 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in Waystar during the first quarter worth $212,000.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on WAY shares. Truist Financial upped their price objective on Waystar from $50.00 to $51.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Canaccord Genuity Group reduced their price objective on Waystar from $50.00 to $47.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Mizuho started coverage on Waystar in a research report on Monday, June 30th. They issued an "outperform" rating and a $48.00 price objective on the stock. Citigroup started coverage on Waystar in a research report on Wednesday, June 25th. They issued a "buy" rating and a $45.00 price objective on the stock. Finally, TD Cowen upgraded Waystar to a "strong-buy" rating in a research report on Thursday, June 5th. 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.com, the stock presently has an average rating of "Buy" and an average target price of $44.73.

Waystar Stock Performance

Waystar stock opened at $35.63 on Wednesday. The firm has a market capitalization of $6.21 billion, a P/E ratio of 74.23, a PEG ratio of 0.66 and a beta of 0.79. The stock has a fifty day moving average price of $37.25 and a 200 day moving average price of $38.52. Waystar Holding Corp. has a 52 week low of $25.76 and a 52 week high of $48.11. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.39.

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

Insiders Place Their Bets

In related news, CTO Christopher L. Schremser sold 8,623 shares of the company's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $37.63, for a total value of $324,483.49. Following the completion of the transaction, the chief technology officer directly owned 438,044 shares in the company, valued at approximately $16,483,595.72. This represents a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Eric L. (Ric) Sinclair III sold 9,702 shares of the company's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $40.22, for a total value of $390,214.44. Following the completion of the transaction, the insider owned 490,870 shares of the company's stock, valued at $19,742,791.40. The trade was a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 573,473 shares of company stock valued at $21,822,153. 4.10% of the stock is owned by company insiders.

About Waystar

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

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