Allspring Global Investments Holdings LLC Buys New Holdings in Waystar Holding Corp. $WAY

Allspring Global Investments Holdings LLC purchased a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 61,145 shares of the company’s stock, valued at approximately $2,272,000.

Several other institutional investors also recently bought and sold shares of the company. Munro Partners grew its stake in Waystar by 107.5% during the 3rd quarter. Munro Partners now owns 178,890 shares of the company’s stock valued at $6,784,000 after acquiring an additional 92,695 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Waystar during the 2nd quarter worth approximately $2,670,000. Geode Capital Management LLC increased its stake in Waystar by 14.9% in the second quarter. Geode Capital Management LLC now owns 2,376,932 shares of the company’s stock valued at $97,155,000 after purchasing an additional 309,119 shares during the last quarter. Teacher Retirement System of Texas raised its stake in Waystar by 10.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 44,159 shares of the company’s stock worth $1,805,000 after acquiring an additional 4,117 shares in the last quarter. Finally, Seven Grand Managers LLC raised its position in Waystar by 20.0% in the 2nd quarter. Seven Grand Managers LLC now owns 600,000 shares of the company’s stock valued at $24,522,000 after purchasing an additional 100,000 shares during the last quarter.

Insider Buying and Selling

In other Waystar news, insider Eric L. (Ric) Sinclair III sold 9,701 shares of Waystar stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $32.82, for a total value of $318,386.82. Following the sale, the insider owned 474,826 shares of the company’s stock, valued at $15,583,789.32. This trade represents a 2.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Christopher L. Schremser sold 8,623 shares of Waystar stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $30.41, for a total transaction of $262,225.43. Following the completion of the transaction, the chief technology officer directly owned 422,371 shares of the company’s stock, valued at approximately $12,844,302.11. This trade represents a 2.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 49,749 shares of company stock worth $1,718,384 over the last ninety days. Company insiders own 4.10% of the company’s stock.

Wall Street Analyst Weigh In

WAY has been the topic of a number of recent analyst reports. Canaccord Genuity Group set a $54.00 price target on shares of Waystar in a research note on Thursday, October 30th. BMO Capital Markets started coverage on Waystar in a research report on Thursday, November 13th. They set an “outperform” rating and a $47.00 target price on the stock. Needham & Company LLC assumed coverage on shares of Waystar in a research report on Tuesday, November 11th. They set a “buy” rating and a $46.00 price objective for the company. Citigroup increased their price objective on shares of Waystar from $47.00 to $49.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Wells Fargo & Company set a $41.00 price target on shares of Waystar and gave the company an “overweight” rating in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $47.43.

Waystar Price Performance

Shares of WAY stock opened at $33.08 on Friday. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $6.33 billion, a price-to-earnings ratio of 53.35, a PEG ratio of 0.42 and a beta of 0.76. The firm’s 50 day moving average is $34.31 and its 200-day moving average is $36.32. Waystar Holding Corp. has a 1 year low of $29.40 and a 1 year high of $48.11.

About Waystar

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.