Robeco Institutional Asset Management B.V. Makes New Investment in Waystar Holding Corp. $WAY

Robeco Institutional Asset Management B.V. acquired a new stake in Waystar Holding Corp. (NASDAQ:WAY) during the 3rd quarter, Holdings Channel reports. The firm acquired 231,237 shares of the company’s stock, valued at approximately $8,769,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Salomon & Ludwin LLC bought a new position in shares of Waystar during the third quarter worth $25,000. Central Pacific Bank Trust Division purchased a new position in shares of Waystar during the second quarter valued at about $33,000. Nisa Investment Advisors LLC grew its position in shares of 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 purchasing an additional 358 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Waystar by 3,219.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock worth $57,000 after purchasing an additional 1,352 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Waystar by 515.8% in the third quarter. CWM LLC now owns 2,100 shares of the company’s stock worth $80,000 after buying an additional 1,759 shares in the last quarter.

Waystar Price Performance

Waystar stock opened at $34.50 on Friday. Waystar Holding Corp. has a 12-month low of $29.40 and a 12-month 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 firm has a 50-day moving average price of $34.28 and a 200-day moving average price of $36.30. The firm has a market capitalization of $6.60 billion, a PE ratio of 55.65, a price-to-earnings-growth ratio of 0.41 and a beta of 0.76.

Analyst Ratings Changes

Several equities analysts have weighed in on WAY shares. Citigroup cut their price target on Waystar from $49.00 to $46.00 and set a “buy” rating for the company in a report on Friday. Mizuho upped their price target on shares of Waystar from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Citizens Jmp started coverage on shares of Waystar in a research note on Thursday, September 18th. They issued a “mkt outperform” rating and a $48.00 price objective for the company. UBS Group initiated coverage on shares of Waystar in a research report on Monday, December 15th. They set a “buy” rating and a $41.00 target price on the stock. Finally, Zacks Research lowered Waystar from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Waystar currently has a consensus rating of “Buy” and a consensus target price of $47.21.

Insider Buying and Selling at Waystar

In related news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the business’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 completion of the transaction, the chief marketing officer owned 193,261 shares in the company, valued at $7,150,657. The trade was a 1.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eric L. (Ric) Sinclair III sold 9,701 shares of the company’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $36.94, for a total value of $358,354.94. Following the completion of the transaction, the insider directly owned 474,826 shares in the company, valued at $17,540,072.44. This trade represents a 2.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 49,749 shares of company stock worth $1,718,384 over the last 90 days. Company insiders own 4.10% of the company’s stock.

Waystar Company Profile

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.