26,236 Shares in Waystar Holding Corp. $WAY Purchased by Trexquant Investment LP

Key Points

• Trexquant Investment LP has acquired a new stake in Waystar Holding Corp, purchasing 26,236 shares valued at approximately $980,000.
• Waystar's CEO, Matthew J. Hawkins, sold 46,667 shares for over $1.6 million, decreasing his ownership by 5.76%.
• The company's most recent earnings report showed $0.36 EPS, beating estimates, along with a revenue increase of 15.4% year-over-year.

Trexquant Investment LP bought a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 26,236 shares of the company's stock, valued at approximately $980,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WAY. Vanguard Group Inc. lifted its holdings in shares of Waystar by 62.1% in the first quarter. Vanguard Group Inc. now owns 8,090,547 shares of the company's stock valued at $302,263,000 after purchasing an additional 3,099,211 shares in the last quarter. Invesco Ltd. lifted 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 in the last quarter. Ameriprise Financial Inc. lifted its stake in Waystar by 721.4% in the 1st quarter. Ameriprise Financial Inc. now owns 1,202,340 shares of the company's stock valued at $44,919,000 after buying an additional 1,055,965 shares in the last quarter. Bank of America Corp DE grew its holdings in 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 last quarter. Finally, Lord Abbett & CO. LLC increased 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 buying an additional 574,295 shares in the last quarter.

Insider Activity at Waystar

In related news, insider T. Craig Bridge sold 85,000 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of $37.09, for a total value of $3,152,650.00. Following the completion of the sale, the insider directly owned 682,843 shares in the company, valued at approximately $25,326,646.87. This represents a 11.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eric L. (Ric) Sinclair III sold 9,702 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $35.11, for a total value of $340,637.22. Following the transaction, the insider owned 490,870 shares in the company, valued at approximately $17,234,445.70. This represents a 1.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 237,788 shares of company stock valued at $8,760,767 over the last quarter. Company insiders own 4.10% of the company's stock.

Wall Street Analyst Weigh In

WAY has been the subject of several analyst reports. Truist Financial boosted their target price 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. Baird R W upgraded shares of Waystar to a "strong-buy" rating in a research report on Friday. Mizuho assumed coverage on shares of Waystar in a research note on Monday, June 30th. They issued an "outperform" rating and a $48.00 target price for the company. TD Cowen raised Waystar to a "strong-buy" rating in a research report on Thursday, June 5th. Finally, Robert W. Baird began coverage on Waystar in a research note on Friday. They issued an "outperform" rating and a $44.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $44.67.

Waystar Trading Up 0.1%

Waystar stock traded up $0.03 during midday trading on Tuesday, reaching $40.89. The stock had a trading volume of 2,552,811 shares, compared to its average volume of 1,605,425. The stock's 50-day simple moving average is $36.80 and its 200 day simple moving average is $37.98. Waystar Holding Corp. has a twelve month low of $25.76 and a twelve month high of $48.11. 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 stock has a market capitalization of $7.12 billion, a PE ratio of 85.19, a price-to-earnings-growth ratio of 0.75 and a beta of 0.78.

Waystar (NASDAQ:WAY - Get Free Report) last released 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 return on equity of 5.65% and a net margin of 8.50%.The company had revenue of $270.65 million for the quarter, compared to the consensus estimate of $255.26 million. During the same period last year, the business posted $0.04 EPS. The company's quarterly 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. Analysts expect that Waystar Holding Corp. will post 0.39 EPS for the current year.

Waystar Profile

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