Teacher Retirement System of Texas Has $1.81 Million Holdings in Waystar Holding Corp. $WAY

Teacher Retirement System of Texas increased its holdings in Waystar Holding Corp. (NASDAQ:WAY) by 10.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,159 shares of the company’s stock after purchasing an additional 4,117 shares during the period. Teacher Retirement System of Texas’ holdings in Waystar were worth $1,805,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Waystar by 62.1% during the first quarter. Vanguard Group Inc. now owns 8,090,547 shares of the company’s stock worth $302,263,000 after acquiring an additional 3,099,211 shares during the period. Invesco Ltd. grew its position in Waystar by 9,107.1% in the 1st quarter. Invesco Ltd. now owns 2,040,285 shares of the company’s stock worth $76,225,000 after purchasing an additional 2,018,125 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Waystar by 721.4% during the 1st quarter. Ameriprise Financial Inc. now owns 1,202,340 shares of the company’s stock worth $44,919,000 after purchasing an additional 1,055,965 shares during the period. William Blair Investment Management LLC increased its holdings in shares of Waystar by 23.9% during the 2nd quarter. William Blair Investment Management LLC now owns 5,239,365 shares of the company’s stock worth $214,133,000 after purchasing an additional 1,011,940 shares during the period. Finally, Lord Abbett & CO. LLC raised its position in shares of Waystar by 75.3% during the first quarter. Lord Abbett & CO. LLC now owns 1,336,875 shares of the company’s stock valued at $49,945,000 after buying an additional 574,295 shares during the last quarter.

Insiders Place Their Bets

In other Waystar news, CTO Christopher L. Schremser sold 8,623 shares of the business’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $36.21, for a total value of $312,238.83. Following the transaction, the chief technology officer directly owned 422,371 shares in the company, valued at $15,294,053.91. The trade was a 2.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew J. Hawkins sold 12,800 shares of the company’s stock in a transaction dated 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 directly owned 717,474 shares in the company, valued at $27,321,409.92. This represents a 1.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 4,546,249 shares of company stock worth $177,987,193 in the last quarter. 4.10% of the stock is owned by corporate insiders.

Waystar Price Performance

Waystar stock opened at $37.03 on Tuesday. The business has a 50 day simple moving average of $37.84 and a 200 day simple moving average of $37.88. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.89 and a quick ratio of 3.89. The company has a market capitalization of $7.08 billion, a PE ratio of 59.73, a price-to-earnings-growth ratio of 0.64 and a beta of 0.64. Waystar Holding Corp. has a one year low of $28.55 and a one year high of $48.11.

Waystar (NASDAQ:WAY) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. Waystar had a return on equity of 6.83% and a net margin of 10.69%.The firm had revenue of $268.65 million for the quarter, compared to analysts’ expectations of $256.12 million. During the same period in the prior year, the business posted $0.14 earnings per share. The business’s revenue was up 11.9% compared to the same quarter last year. Waystar has set its FY 2025 guidance at 1.460-1.470 EPS. On average, sell-side analysts forecast that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Robert W. Baird assumed coverage on Waystar in a research report on Friday, September 5th. They set an “outperform” rating and a $44.00 target price on the stock. Wall Street Zen raised Waystar from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Citigroup upped their target price on Waystar from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Friday. Barclays began coverage on Waystar in a research report on Tuesday, October 14th. They issued an “overweight” rating and a $50.00 target price for the company. Finally, Citizens Jmp started coverage on shares of Waystar in a report on Thursday, September 18th. They issued a “mkt outperform” rating and a $48.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently 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.