Waystar Holding Corp. $WAY Shares Bought by MRA Advisory Group

Key Points

• MRA Advisory Group increased its stake in Waystar Holding Corp. by 67.2% in the second quarter, owning 16,878 shares valued at $690,000, highlighting growing institutional interest in the company.
• Wall Street analysts have generally positive outlooks for Waystar, with a majority rating the stock as a Buy and a consensus price target of $44.67.
• Waystar's recent quarterly earnings surpassed expectations, reporting $0.36 EPS against an anticipated $0.33, with revenue up 15.4% year-over-year.

MRA Advisory Group grew its stake in Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 67.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 16,878 shares of the company's stock after acquiring an additional 6,782 shares during the period. MRA Advisory Group's holdings in Waystar were worth $690,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. PNC Financial Services Group Inc. raised its stake in shares of Waystar by 2.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,687 shares of the company's stock valued at $549,000 after acquiring an additional 304 shares during the period. Central Pacific Bank Trust Division purchased a new stake in Waystar during the 2nd quarter worth approximately $33,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Waystar by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,547 shares of the company's stock worth $901,000 after buying an additional 960 shares during the period. Legato Capital Management LLC increased its stake in Waystar by 8.4% during the 1st quarter. Legato Capital Management LLC now owns 12,398 shares of the company's stock worth $463,000 after buying an additional 960 shares during the period. Finally, Amalgamated Bank increased its stake in Waystar by 84.1% during 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 period.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WAY. Mizuho began coverage on shares of Waystar in a research note on Monday, June 30th. They set an "outperform" rating and a $48.00 target price on the stock. TD Cowen raised shares of Waystar to a "strong-buy" rating in a research note on Thursday, June 5th. Baird R W raised shares of Waystar to a "strong-buy" rating in a research note on Friday, September 5th. Truist Financial upped their target price on shares of Waystar from $50.00 to $51.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Finally, Citigroup began coverage on shares of Waystar in a report on Wednesday, June 25th. They set a "buy" rating and a $45.00 price target for the company. Three research analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to MarketBeat, Waystar presently has an average rating of "Buy" and a consensus price target of $44.67.

Waystar Stock Down 2.6%

Shares of NASDAQ:WAY opened at $37.36 on Monday. The stock has a market cap of $6.51 billion, a P/E ratio of 77.83, a P/E/G ratio of 0.68 and a beta of 0.78. The firm has a fifty day moving average price of $36.78 and a 200 day moving average price of $37.88. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.43 and a quick ratio of 3.43. Waystar Holding Corp. has a 1-year low of $26.26 and a 1-year high of $48.11.

Waystar (NASDAQ:WAY - Get Free Report) last issued its quarterly 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 firm had revenue of $270.65 million during the quarter, compared to analysts' expectations of $255.26 million. Waystar had a net margin of 8.50% and a return on equity of 5.65%. Waystar's quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.04 EPS. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. Sell-side analysts predict that Waystar Holding Corp. will post 0.39 EPS for the current year.

Insider Activity

In other Waystar news, insider T. Craig Bridge sold 85,000 shares of the company's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $37.09, for a total transaction of $3,152,650.00. Following the completion of the transaction, the insider 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew J. Hawkins sold 46,667 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $34.66, for a total transaction of $1,617,478.22. Following the transaction, the chief executive officer owned 764,131 shares of the company's stock, valued at approximately $26,484,780.46. The trade was a 5.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 367,481 shares of company stock worth $13,966,561 in the last 90 days. Corporate 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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