MRA Advisory Group Grows Stock Holdings in Waystar Holding Corp. $WAY

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 lifted its position in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 67.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,878 shares of the company's stock after buying 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 Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in WAY. Ameriprise Financial Inc. increased its holdings in shares of Waystar by 76.3% during the 4th quarter. Ameriprise Financial Inc. now owns 146,375 shares of the company's stock worth $5,372,000 after buying an additional 63,326 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Waystar by 22.8% during the 4th quarter. BNP Paribas Financial Markets now owns 44,301 shares of the company's stock worth $1,626,000 after buying an additional 8,231 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Waystar by 64.9% during the 4th quarter. Deutsche Bank AG now owns 34,847 shares of the company's stock worth $1,279,000 after buying an additional 13,715 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in shares of Waystar during the 4th quarter worth approximately $1,319,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of 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 last quarter.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WAY. Mizuho began coverage on shares of Waystar in a report on Monday, June 30th. They set an "outperform" rating and a $48.00 price target for the company. Baird R W raised Waystar to a "strong-buy" rating in a research report on Friday, September 5th. TD Cowen raised Waystar to a "strong-buy" rating in a research report on Thursday, June 5th. Citizens Jmp started coverage on Waystar in a research report on Thursday. They issued a "mkt outperform" rating and a $48.00 target price on the stock. Finally, Robert W. Baird started coverage on Waystar in a research 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 given a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $45.14.

Insiders Place Their Bets

In other Waystar news, CEO Matthew J. Hawkins sold 46,667 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $34.66, for a total value of $1,617,478.22. Following the completion of the transaction, the chief executive officer owned 764,131 shares in the company, valued at $26,484,780.46. The trade was a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Steven M. Oreskovich sold 16,666 shares of Waystar stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $40.49, for a total transaction of $674,806.34. Following the sale, the chief financial officer directly owned 354,512 shares of the company's stock, valued at approximately $14,354,190.88. This trade represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,652,918 shares of company stock valued at $182,012,322. Corporate insiders own 4.10% of the company's stock.

Waystar Stock Up 0.2%

Shares of NASDAQ:WAY traded up $0.09 during trading on Friday, hitting $38.67. The company's stock had a trading volume of 1,569,061 shares, compared to its average volume of 1,955,202. The business has a 50 day moving average price of $36.80 and a two-hundred day moving average price of $37.82. The company has a market capitalization of $6.74 billion, a PE ratio of 80.52, a P/E/G ratio of 0.71 and a beta of 0.78. 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 Holding Corp. has a fifty-two week low of $26.26 and a fifty-two week high of $48.11.

Waystar (NASDAQ:WAY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. The business had revenue of $270.65 million during the quarter, compared to the consensus estimate of $255.26 million. Waystar had a net margin of 8.50% and a return on equity of 5.65%. The company's quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.04 earnings per share. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. As a group, research analysts expect that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.

Waystar Company Profile

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