Waystar Holding Corp. $WAY Shares Sold by Bailard Inc.

Bailard Inc. lessened its holdings in shares of Waystar Holding Corp. (NASDAQ:WAY) by 78.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,585 shares of the company’s stock after selling 49,623 shares during the quarter. Bailard Inc.’s holdings in Waystar were worth $515,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Alliancebernstein L.P. increased its position in shares of Waystar by 3,883.4% in the second quarter. Alliancebernstein L.P. now owns 3,268,932 shares of the company’s stock worth $133,601,000 after acquiring an additional 3,186,869 shares in the last quarter. Norges Bank acquired a new stake in Waystar in the 2nd quarter valued at $46,577,000. William Blair Investment Management LLC raised its position in Waystar by 23.9% in the second quarter. William Blair Investment Management LLC now owns 5,239,365 shares of the company’s stock valued at $214,133,000 after purchasing an additional 1,011,940 shares during the period. Voya Investment Management LLC raised its position in Waystar by 143.2% in the third quarter. Voya Investment Management LLC now owns 1,426,330 shares of the company’s stock valued at $54,086,000 after purchasing an additional 839,759 shares during the period. Finally, Man Group plc lifted its stake in shares of Waystar by 680.8% during the second quarter. Man Group plc now owns 731,401 shares of the company’s stock worth $29,892,000 after purchasing an additional 637,723 shares in the last quarter.

Insider Buying and Selling at Waystar

In other Waystar news, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the firm’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $30.08, for a total transaction of $1,209,968.00. Following the completion of the transaction, the insider directly owned 474,826 shares of the company’s stock, valued at $14,282,766.08. This trade represents a 7.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Christopher L. Schremser sold 8,623 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $36.12, for a total transaction of $311,462.76. Following the completion of the sale, the chief technology officer owned 422,371 shares in the company, valued at approximately $15,256,040.52. 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 80,273 shares of company stock worth $2,569,997 in the last ninety days. 4.10% of the stock is owned by insiders.

Waystar Stock Performance

Waystar stock opened at $29.98 on Friday. Waystar Holding Corp. has a 52 week low of $28.71 and a 52 week high of $48.11. 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 stock has a market cap of $5.74 billion, a P/E ratio of 48.35, a price-to-earnings-growth ratio of 0.37 and a beta of 0.76. The stock has a 50 day moving average of $33.04 and a 200-day moving average of $35.66.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on WAY shares. Wall Street Zen lowered Waystar from a “buy” rating to a “hold” rating in a research note on Saturday, November 29th. Mizuho increased their price objective on shares of Waystar from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Barclays dropped their price objective on shares of Waystar from $56.00 to $42.00 and set an “overweight” rating on the stock in a research note on Monday, December 8th. BMO Capital Markets initiated coverage on shares of Waystar in a research note on Thursday, November 13th. They issued an “outperform” rating and a $47.00 target price for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Waystar in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $46.64.

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.