WINTON GROUP Ltd Buys Shares of 169,913 Waystar Holding Corp. $WAY

Key Points

• WINTON GROUP Ltd acquired 169,913 Waystar shares worth approximately $3.49 million, while several other institutional investors also increased or initiated positions.
• Analysts remain broadly positive, with Waystar receiving a “Moderate Buy” consensus rating and an average price target of $35.14 versus its reported share price of $23.06.
• Waystar exceeded quarterly expectations, reporting $0.43 EPS and $319.67 million in revenue, up 18.1% year over year; however, insiders have sold 165,000 shares worth about $4.21 million over the past 90 days.

WINTON GROUP Ltd purchased a new position in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 169,913 shares of the company's stock, valued at approximately $3,488,000. WINTON GROUP Ltd owned 0.09% of Waystar at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of WAY. Royal Bank of Canada lifted its position in Waystar by 11.3% during the 1st quarter. Royal Bank of Canada now owns 21,609 shares of the company's stock worth $808,000 after buying an additional 2,195 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of Waystar in the first quarter valued at approximately $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Waystar by 91.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,911 shares of the company's stock worth $1,753,000 after purchasing an additional 22,364 shares during the period. NewEdge Advisors LLC bought a new stake in Waystar during the first quarter worth $234,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Waystar by 13.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 747,268 shares of the company's stock valued at $27,918,000 after purchasing an additional 88,256 shares in the last quarter.

Wall Street Analyst Weigh In

WAY has been the topic of several recent research reports. BMO Capital Markets reiterated an "outperform" rating on shares of Waystar in a research report on Thursday, August 27th. Wolfe Research raised shares of Waystar to an "outperform" rating in a research report on Thursday, August 13th. Canaccord Genuity Group increased their price objective on shares of Waystar from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Monday, August 31st. Wells Fargo & Company lowered their price target on shares of Waystar from $36.00 to $33.00 and set an "overweight" rating on the stock in a report on Thursday, July 30th. Finally, KeyCorp restated an "overweight" rating on shares of Waystar in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Waystar presently has an average rating of "Moderate Buy" and an average target price of $35.14.

Waystar Price Performance

Shares of NASDAQ:WAY opened at $23.06 on Friday. Waystar Holding Corp. has a 52 week low of $17.26 and a 52 week high of $40.35. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.36. The company's fifty day moving average is $23.79 and its 200 day moving average is $22.76. The stock has a market cap of $4.42 billion, a PE ratio of 32.94, a PEG ratio of 0.93 and a beta of 0.16.

Waystar (NASDAQ:WAY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. Waystar had a net margin of 11.18% and a return on equity of 7.03%. The business had revenue of $319.67 million during the quarter, compared to analysts' expectations of $316.21 million. During the same quarter in the prior year, the company posted $0.36 EPS. The firm's revenue for the quarter was up 18.1% compared to the same quarter last year. Research analysts anticipate that Waystar Holding Corp. will post 1.47 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Matthew Hawkins sold 82,500 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $25.97, for a total value of $2,142,525.00. Following the sale, the chief executive officer directly owned 1,804,794 shares of the company's stock, valued at approximately $46,870,500.18. This represents a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 165,000 shares of company stock valued at $4,206,524 in the last 90 days. 3.50% of the stock is currently owned by corporate insiders.

Waystar Profile

Waystar NASDAQ: WAY is a leading provider of cloud-based revenue cycle management and payment solutions for healthcare organizations. The company's unified platform streamlines the entire financial continuum of patient care, from eligibility verification and claim submission to payment reconciliation and patient billing. By automating key processes and improving claim accuracy, Waystar helps providers reduce administrative overhead, accelerate cash flow and enhance overall revenue performance.

At the core of Waystar's offering is a SaaS-based architecture that integrates seamlessly with existing electronic health record (EHR) systems and payer networks.

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