9,000 Shares in Waystar Holding Corp. $WAY Bought by Toth Financial Advisory Corp

Key Points

• Toth Financial Advisory Corp acquired a new stake in Waystar Holding Corp, purchasing 9,000 shares valued at approximately $368,000 during the second quarter.
• Several other institutional investors, such as Victory Capital Management and Vanguard Group, significantly increased their stakes in Waystar in the first quarter.
• Analysts have mixed opinions, with some lowering ratings to "hold" while others, like Robert W. Baird and Mizuho, set price targets of $44.00 and $48.00 respectively for the stock.

Toth Financial Advisory Corp acquired a new position in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,000 shares of the company's stock, valued at approximately $368,000.

Several other institutional investors have also modified their holdings of the business. Central Pacific Bank Trust Division bought a new position in Waystar in the 2nd quarter worth approximately $33,000. State of Wyoming acquired a new position in shares of Waystar in the first quarter worth $54,000. Quarry LP bought a new position in Waystar during the first quarter valued at about $60,000. Amalgamated Bank increased its stake in Waystar by 84.1% during the first quarter. Amalgamated Bank now owns 2,716 shares of the company's stock valued at $101,000 after acquiring an additional 1,241 shares during the period. Finally, KBC Group NV acquired a new stake in Waystar during the first quarter valued at approximately $109,000.

Insider Activity

In other Waystar news, CEO Matthew J. Hawkins sold 46,667 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $34.66, for a total transaction of $1,617,478.22. Following the sale, the chief executive officer directly owned 764,131 shares in the company, valued at $26,484,780.46. This represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider T. Craig Bridge sold 85,000 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $40.06, for a total transaction of $3,405,100.00. Following the completion of the transaction, the insider owned 583,355 shares in the company, valued at $23,369,201.30. This represents a 12.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,652,918 shares of company stock worth $182,012,322. Insiders own 4.10% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. JMP Securities initiated coverage on shares of Waystar in a research report on Thursday. They issued a "market outperform" rating and a $48.00 price objective for the company. TD Cowen upgraded shares of Waystar to a "strong-buy" rating in a research report on Thursday, June 5th. Wall Street Zen cut shares of Waystar from a "buy" rating to a "hold" rating in a research note on Saturday. 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 report on Thursday, July 17th. Finally, Robert W. Baird started coverage on shares of Waystar in a report on Friday, September 5th. They issued an "outperform" rating and a $44.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Waystar currently has a consensus rating of "Buy" and a consensus target price of $45.14.

Waystar Stock Performance

WAY stock traded down $0.10 during midday trading on Monday, reaching $37.70. 2,718,734 shares of the company's stock traded hands, compared to its average volume of 3,847,179. The stock has a market cap of $6.57 billion, a P/E ratio of 78.54, a PEG ratio of 0.69 and a beta of 0.78. Waystar Holding Corp. has a 52-week low of $26.56 and a 52-week high of $48.11. The stock's 50-day moving average is $36.79 and its 200 day moving average is $37.73. 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 announced its earnings results on Wednesday, July 30th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03. Waystar had a net margin of 8.50% and a return on equity of 5.65%. The business had revenue of $270.65 million for the quarter, compared to the consensus estimate of $255.26 million. During the same quarter in the prior year, the firm posted $0.04 earnings per share. The business's revenue for the quarter was up 15.4% on a year-over-year basis. 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 year.

Waystar Company Profile

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