Y Intercept Hong Kong Ltd Takes Position in Waystar Holding Corp. $WAY

Y Intercept Hong Kong Ltd acquired a new stake in Waystar Holding Corp. (NASDAQ:WAY) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 35,364 shares of the company’s stock, valued at approximately $1,445,000.

Several other hedge funds also recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its holdings 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 in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Waystar by 5.2% in the 2nd quarter. Verdence Capital Advisors LLC now owns 7,076 shares of the company’s stock valued at $289,000 after acquiring an additional 348 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Waystar by 50.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,065 shares of the company’s stock valued at $44,000 after acquiring an additional 358 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Waystar in the 2nd quarter valued at about $33,000. Finally, Legato Capital Management LLC grew its holdings in shares of Waystar by 8.4% in the 1st quarter. Legato Capital Management LLC now owns 12,398 shares of the company’s stock valued at $463,000 after acquiring an additional 960 shares in the last quarter.

Waystar Trading Down 3.3%

Shares of WAY stock opened at $35.85 on Monday. The firm has a 50 day moving average price of $37.81 and a two-hundred day moving average price of $37.87. The company has a quick ratio of 3.89, a current ratio of 3.89 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $6.86 billion, a PE ratio of 57.82, a price-to-earnings-growth ratio of 0.64 and a beta of 0.64. Waystar Holding Corp. has a 12-month low of $28.27 and a 12-month high of $48.11.

Waystar (NASDAQ:WAY) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.03. The firm had revenue of $268.65 million during the quarter, compared to the consensus estimate of $256.12 million. Waystar had a net margin of 10.69% and a return on equity of 6.83%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the business posted $0.14 earnings per share. Waystar has set its FY 2025 guidance at 1.460-1.470 EPS. As a group, analysts predict that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Insider Activity

In other Waystar news, CFO Steven M. Oreskovich sold 16,666 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $40.49, for a total transaction of $674,806.34. Following the completion of the sale, the chief financial officer directly owned 354,512 shares in the company, valued at $14,354,190.88. This trade represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Matthew J. Hawkins sold 12,800 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $38.08, for a total transaction of $487,424.00. Following the sale, the chief executive officer owned 717,474 shares of the company’s stock, valued at $27,321,409.92. This trade represents a 1.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 4,546,249 shares of company stock valued at $177,987,193. Company insiders own 4.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on WAY shares. Wall Street Zen upgraded shares of Waystar from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Citigroup raised their target price on shares of Waystar from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Friday. JMP Securities started coverage on shares of Waystar in a research note on Thursday, September 18th. They issued a “market outperform” rating and a $48.00 target price for the company. Barclays started coverage on shares of Waystar in a research note on Tuesday, October 14th. They issued an “overweight” rating and a $50.00 target price for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Waystar in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $46.43.

About Waystar

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