Vanguard Group Inc. boosted its stake in Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 62.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,090,547 shares of the company's stock after purchasing an additional 3,099,211 shares during the quarter. Vanguard Group Inc. owned approximately 4.68% of Waystar worth $302,263,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in WAY. Gen Wealth Partners Inc bought a new position in Waystar in the 4th quarter worth about $92,000. Amalgamated Bank raised its holdings in shares of Waystar by 84.1% in the 1st quarter. Amalgamated Bank now owns 2,716 shares of the company's stock valued at $101,000 after acquiring an additional 1,241 shares in the last quarter. KBC Group NV purchased a new stake in shares of Waystar in the 1st quarter valued at about $109,000. RiverPark Advisors LLC raised its holdings in shares of Waystar by 25.5% in the 4th quarter. RiverPark Advisors LLC now owns 3,498 shares of the company's stock valued at $128,000 after acquiring an additional 710 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Waystar in the 1st quarter valued at about $212,000.
Waystar Price Performance
NASDAQ:WAY traded up $0.5590 during mid-day trading on Friday, reaching $36.3090. The stock had a trading volume of 115,825 shares, compared to its average volume of 1,832,671. The firm has a 50 day moving average price of $37.06 and a two-hundred day moving average price of $38.47. The stock has a market capitalization of $6.33 billion, a P/E ratio of 75.55, a P/E/G ratio of 0.64 and a beta of 0.79. Waystar Holding Corp. has a one year low of $25.76 and a one year 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.
Waystar (NASDAQ:WAY - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. The company had revenue of $270.65 million during the quarter, compared to the consensus estimate of $255.26 million. Waystar had a return on equity of 5.65% and a net margin of 8.50%.Waystar's quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. As a group, analysts expect that Waystar Holding Corp. will post 0.39 earnings per share for the current year.
Insider Transactions at Waystar
In other Waystar news, insider T. Craig Bridge sold 85,000 shares of Waystar stock in a transaction that occurred 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 transaction, the insider directly owned 682,843 shares of the company's stock, valued at $25,326,646.87. The trade was a 11.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Christopher L. Schremser sold 8,623 shares of Waystar stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $34.49, for a total value of $297,407.27. Following the completion of the transaction, the chief technology officer directly owned 438,044 shares in the company, valued at $15,108,137.56. This trade represents a 1.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 383,175 shares of company stock worth $14,455,455. 4.10% of the stock is owned by corporate insiders.
Analyst Ratings Changes
WAY has been the topic of several recent analyst reports. Truist Financial raised their price target on Waystar from $50.00 to $51.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Mizuho initiated coverage on Waystar in a report on Monday, June 30th. They issued an "outperform" rating and a $48.00 price target on the stock. Citigroup initiated coverage on Waystar in a report on Wednesday, June 25th. They issued a "buy" rating and a $45.00 price target on the stock. TD Cowen raised Waystar to a "strong-buy" rating in a report on Thursday, June 5th. Finally, Canaccord Genuity Group lowered their price target on Waystar from $50.00 to $47.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Two research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $44.73.
Read Our Latest Stock Analysis on Waystar
Waystar Profile
(
Free Report)
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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