Quantinno Capital Management LP lifted its stake in Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 1,399.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 163,915 shares of the company's stock after purchasing an additional 152,985 shares during the quarter. Quantinno Capital Management LP owned 0.09% of Waystar worth $3,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Waystar by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 12,330,872 shares of the company's stock worth $403,836,000 after buying an additional 41,062 shares in the last quarter. Advent International L.P. purchased a new position in shares of Waystar during the 4th quarter valued at $362,212,000. William Blair Investment Management LLC increased its stake in shares of Waystar by 0.4% in the fourth quarter. William Blair Investment Management LLC now owns 5,282,220 shares of the company's stock worth $172,993,000 after acquiring an additional 19,033 shares during the last quarter. State Street Corp increased its stake in shares of Waystar by 4.0% in the fourth quarter. State Street Corp now owns 4,134,052 shares of the company's stock worth $135,390,000 after acquiring an additional 159,183 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Waystar by 7.1% during the fourth quarter. Geode Capital Management LLC now owns 3,398,053 shares of the company's stock worth $111,300,000 after acquiring an additional 224,908 shares in the last quarter.
Waystar Trading Up 3.7%
Waystar stock opened at $24.23 on Friday. Waystar Holding Corp. has a one year low of $17.26 and a one year high of $41.47. The company's fifty day moving average price is $21.20 and its two-hundred day moving average price is $22.96. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 34.61, a PEG ratio of 0.91 and a beta of 0.06. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.85 and a quick ratio of 1.85.
Waystar (NASDAQ:WAY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.03. Waystar had a return on equity of 7.03% and a net margin of 11.18%.The business had revenue of $319.67 million for the quarter, compared to analyst estimates of $316.21 million. During the same quarter in the prior year, the firm posted $0.36 EPS. The firm's revenue for the quarter was up 18.1% on a year-over-year basis. On average, analysts forecast that Waystar Holding Corp. will post 1.47 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Barclays lifted their price objective on Waystar from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Friday. Bank of America cut their price target on Waystar from $45.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, April 10th. UBS Group reduced their price target on Waystar from $37.00 to $33.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Wells Fargo & Company dropped their price objective on Waystar from $36.00 to $33.00 and set an "overweight" rating on the stock in a report on Thursday, July 30th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $33.00 price objective on shares of Waystar in a research report on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $35.23.
Check Out Our Latest Stock Analysis on Waystar
About Waystar
(
Free Report)
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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