Amalgamated Bank Has $1.25 Million Holdings in Waystar Holding Corp. $WAY

Amalgamated Bank lifted its position in Waystar Holding Corp. (NASDAQ:WAY) by 1,109.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,862 shares of the company’s stock after acquiring an additional 30,146 shares during the quarter. Amalgamated Bank’s holdings in Waystar were worth $1,246,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WAY. Salomon & Ludwin LLC acquired a new stake in Waystar during the 3rd quarter valued at $25,000. First Horizon Corp purchased a new position in shares of Waystar during the third quarter valued at $38,000. Nisa Investment Advisors LLC raised its position in Waystar by 50.6% during the second quarter. Nisa Investment Advisors LLC now owns 1,065 shares of the company’s stock valued at $44,000 after buying an additional 358 shares during the period. EverSource Wealth Advisors LLC raised its position in Waystar by 3,219.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock valued at $57,000 after buying an additional 1,352 shares during the period. Finally, State of Wyoming lifted its stake in Waystar by 45.1% in the 2nd quarter. State of Wyoming now owns 2,098 shares of the company’s stock worth $86,000 after acquiring an additional 652 shares in the last quarter.

Analysts Set New Price Targets

WAY has been the topic of a number of research reports. Barclays dropped their target price on Waystar from $56.00 to $42.00 and set an “overweight” rating on the stock in a report on Monday, December 8th. Canaccord Genuity Group set a $54.00 target price on shares of Waystar in a research report on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Waystar in a research note on Wednesday. The Goldman Sachs Group set a $44.00 price target on shares of Waystar in a research note on Wednesday, January 14th. Finally, Mizuho lifted their price objective on Waystar from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Waystar has a consensus rating of “Buy” and a consensus price target of $46.64.

Insider Buying and Selling

In other news, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the business’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $30.08, for a total value of $1,209,968.00. Following the completion of the sale, the insider directly owned 474,826 shares in the company, valued at approximately $14,282,766.08. The trade was a 7.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $37.00, for a total transaction of $125,800.00. Following the sale, the chief marketing officer directly owned 193,261 shares of the company’s stock, valued at approximately $7,150,657. This represents a 1.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 80,273 shares of company stock worth $2,569,997. 4.10% of the stock is currently owned by insiders.

Waystar Price Performance

Shares of NASDAQ:WAY opened at $29.98 on Monday. The stock has a market capitalization of $5.74 billion, a P/E ratio of 48.35, a P/E/G ratio of 0.37 and a beta of 0.76. The business has a 50-day moving average of $33.04 and a two-hundred day moving average of $35.63. Waystar Holding Corp. has a fifty-two week low of $28.71 and a fifty-two week high of $48.11. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.89 and a quick ratio of 3.89.

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.