576,387 Waystar Holding Corp. $WAY Shares Acquired by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. boosted its position in Waystar Holding Corp. (NASDAQ:WAY) by 120.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,056,456 shares of the company’s stock after acquiring an additional 576,387 shares during the period. Mawer Investment Management Ltd.’s holdings in Waystar were worth $26,771,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Smith Group Asset Management LLC increased its holdings in shares of Waystar by 1.5% during the third quarter. Smith Group Asset Management LLC now owns 29,634 shares of the company’s stock valued at $751,000 after acquiring an additional 433 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Waystar by 18.5% during the third quarter. Nisa Investment Advisors LLC now owns 2,782 shares of the company’s stock worth $70,000 after purchasing an additional 435 shares during the period. GAMMA Investing LLC raised its position in shares of Waystar by 20.9% during the third quarter. GAMMA Investing LLC now owns 2,692 shares of the company’s stock worth $68,000 after purchasing an additional 465 shares during the period. Silver Grove Financial Group Inc. lifted its holdings in shares of Waystar by 48.4% in the 3rd quarter. Silver Grove Financial Group Inc. now owns 1,589 shares of the company’s stock worth $40,000 after purchasing an additional 518 shares in the last quarter. Finally, Hohimer Wealth Management LLC lifted its holdings in shares of Waystar by 6.7% in the 3rd quarter. Hohimer Wealth Management LLC now owns 11,293 shares of the company’s stock worth $286,000 after purchasing an additional 709 shares in the last quarter.

Analyst Ratings Changes

WAY has been the subject of several research reports. KeyCorp lifted their price target on shares of Waystar from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, October 16th. Royal Bank Of Canada restated an “outperform” rating on shares of Waystar in a research note on Tuesday, September 15th. Wells Fargo & Company lowered their price objective on shares of Waystar from $36.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $28.00 price objective on shares of Waystar in a research note on Wednesday, September 16th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Waystar in a research note on Thursday, August 27th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $35.23.

Insider Activity

In related news, CEO Matthew Hawkins sold 82,500 shares of Waystar stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $28.75, for a total transaction of $2,371,875.00. Following the transaction, the chief executive officer owned 1,804,794 shares of the company’s stock, valued at $51,887,827.50. The trade was a 4.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 247,500 shares of company stock worth $6,678,375 over the last 90 days. 3.50% of the stock is owned by insiders.

Waystar Stock Down 0.5%

WAY stock traded down $0.15 during mid-day trading on Friday, reaching $27.99. 1,147,466 shares of the company traded hands, compared to its average volume of 1,950,399. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.36. The firm’s 50 day moving average price is $26.81 and its 200 day moving average price is $23.93. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of 40.57, a P/E/G ratio of 1.17 and a beta of 0.11. Waystar Holding Corp. has a fifty-two week low of $17.26 and a fifty-two week high of $37.51.

Waystar (NASDAQ:WAY) last issued its quarterly earnings data on Monday, November 2nd. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. The firm had revenue of $325.62 million during the quarter, compared to the consensus estimate of $323.43 million. Waystar had a return on equity of 6.91% and a net margin of 10.70%. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 earnings per share. As a group, equities research analysts predict that Waystar Holding Corp. will post 1.43 EPS for the current fiscal year.

Waystar Company Profile

Waystar provides cloud-based healthcare payment and revenue cycle management software. Its platform helps healthcare organizations manage administrative and financial processes, including claims submission, payment processing, patient billing, and revenue collection. The company’s products support providers in identifying and addressing claim denials, checking patient eligibility, estimating costs, collecting payments, and analyzing revenue cycle performance. Waystar serves a range of healthcare organizations, including hospitals, health systems, physician groups, and other medical providers, primarily in the United States.