Oregon Public Employees Retirement Fund Takes $982,000 Position in Waystar Holding Corp. $WAY

Oregon Public Employees Retirement Fund bought a new position in Waystar Holding Corp. (NASDAQ:WAY) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 25,900 shares of the company’s stock, valued at approximately $982,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new position in shares of Waystar in the 3rd quarter worth $2,167,000. Peregrine Capital Management LLC increased its stake in Waystar by 20.7% during the third quarter. Peregrine Capital Management LLC now owns 355,941 shares of the company’s stock worth $13,497,000 after acquiring an additional 61,027 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Waystar in the 3rd quarter worth about $290,000. KLP Kapitalforvaltning AS lifted its stake in shares of Waystar by 72.6% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 25,200 shares of the company’s stock valued at $956,000 after purchasing an additional 10,600 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of Waystar during the 3rd quarter worth about $1,703,000.

Analysts Set New Price Targets

Several brokerages have issued reports on WAY. Needham & Company LLC assumed coverage on shares of Waystar in a research report on Tuesday, November 11th. They issued a “buy” rating and a $46.00 price objective for the company. Wells Fargo & Company began coverage on Waystar in a research report on Thursday, January 8th. They set an “overweight” rating and a $41.00 target price on the stock. Citigroup reduced their price target on Waystar from $49.00 to $46.00 and set a “buy” rating for the company in a report on Friday, January 9th. Canaccord Genuity Group set a $54.00 price objective on Waystar in a report on Thursday, October 30th. Finally, Zacks Research lowered Waystar from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $46.64.

Insiders Place Their Bets

In related news, CTO Christopher L. Schremser sold 8,623 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $36.12, for a total value of $311,462.76. Following the completion of the sale, the chief technology officer owned 422,371 shares of the company’s stock, valued at $15,256,040.52. This trade represents a 2.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of Waystar stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $37.00, for a total value of $125,800.00. Following the completion of the sale, the chief marketing officer directly owned 193,261 shares of the company’s stock, valued at $7,150,657. This trade represents a 1.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 49,749 shares of company stock valued at $1,718,384. 4.10% of the stock is currently owned by corporate insiders.

Waystar Stock Performance

WAY stock opened at $30.27 on Friday. Waystar Holding Corp. has a 1-year low of $29.40 and a 1-year 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 business’s 50 day moving average is $33.67 and its 200-day moving average is $35.98. The firm has a market cap of $5.79 billion, a P/E ratio of 48.82, a P/E/G ratio of 0.38 and a beta of 0.76.

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.