Waystar Holding Corp. $WAY Shares Acquired by Aubrey Capital Management Ltd

Key Points

• Aubrey Capital Management Ltd increased its stake in Waystar Holding Corp. by 7.9%, now owning 102,500 shares, making its Waystar holdings worth approximately $4.19 million.
• Waystar's stock has received a consensus rating of "Buy" from analysts, with an average price target of $45.50, indicating strong growth expectations.
• In a significant insider transaction, Director Paul G. Moskowitz sold over 4.29 million shares of Waystar for about $168.4 million, representing a 23.79% decrease in his position.

Aubrey Capital Management Ltd boosted its holdings in Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 7.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 102,500 shares of the company's stock after buying an additional 7,500 shares during the period. Waystar accounts for approximately 1.5% of Aubrey Capital Management Ltd's holdings, making the stock its 21st largest holding. Aubrey Capital Management Ltd owned approximately 0.06% of Waystar worth $4,190,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in Waystar by 170.4% in the 1st quarter. Victory Capital Management Inc. now owns 178,024 shares of the company's stock worth $6,651,000 after buying an additional 112,179 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Waystar by 107.9% in the 1st quarter. Teacher Retirement System of Texas now owns 40,042 shares of the company's stock worth $1,496,000 after buying an additional 20,780 shares during the last quarter. Amalgamated Bank boosted its stake in Waystar by 84.1% in the 1st quarter. Amalgamated Bank now owns 2,716 shares of the company's stock worth $101,000 after buying an additional 1,241 shares during the last quarter. Vanguard Group Inc. boosted its stake in Waystar by 62.1% in the 1st quarter. Vanguard Group Inc. now owns 8,090,547 shares of the company's stock worth $302,263,000 after buying an additional 3,099,211 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Waystar in the 1st quarter worth about $212,000.

Wall Street Analysts Forecast Growth

WAY has been the topic of a number of research analyst reports. Robert W. Baird initiated coverage on Waystar in a research note on Friday, September 5th. They issued an "outperform" rating and a $44.00 price target on the stock. Truist Financial raised their price target on Waystar from $50.00 to $51.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. JMP Securities started coverage on Waystar in a research note on Thursday, September 18th. They issued a "market outperform" rating and a $48.00 price objective on the stock. Barclays started coverage on Waystar in a research note on Tuesday. They issued an "overweight" rating and a $50.00 price objective on the stock. Finally, Citigroup started coverage on Waystar in a research note on Thursday, September 18th. They issued an "outperform" rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $45.50.

Waystar Stock Performance

NASDAQ WAY opened at $36.81 on Friday. The firm has a market capitalization of $6.41 billion, a P/E ratio of 76.69, a P/E/G ratio of 0.67 and a beta of 0.69. Waystar Holding Corp. has a 1-year low of $26.95 and a 1-year high of $48.11. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.43 and a quick ratio of 3.43. The business's 50-day simple moving average is $37.26 and its 200-day simple moving average is $37.73.

Waystar (NASDAQ:WAY - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $270.65 million for 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 company's revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.04 EPS. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. Equities analysts predict that Waystar Holding Corp. will post 0.39 EPS for the current year.

Insider Buying and Selling at Waystar

In related news, Director Paul G. Moskowitz sold 4,295,139 shares of the firm's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $39.21, for a total transaction of $168,412,400.19. Following the sale, the director directly owned 13,759,910 shares in the company, valued at approximately $539,526,071.10. This trade represents a 23.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Matthew J. Hawkins sold 12,800 shares of the firm's stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $38.08, for a total value of $487,424.00. Following the sale, the chief executive officer owned 717,474 shares in the company, valued at approximately $27,321,409.92. The trade was a 1.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,631,250 shares of company stock worth $181,141,432. Insiders own 4.10% of the company's stock.

Waystar Profile

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

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