Bfsg LLC Takes Position in Waystar Holding Corp. $WAY

Bfsg LLC acquired a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 27,287 shares of the company’s stock, valued at approximately $1,115,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WAY. Central Pacific Bank Trust Division acquired a new position in Waystar during the 2nd quarter valued at approximately $33,000. State of Wyoming acquired a new position in Waystar during the 1st quarter valued at approximately $54,000. Quarry LP acquired a new position in Waystar during the 1st quarter valued at approximately $60,000. Amalgamated Bank boosted its position in Waystar by 84.1% during the 1st quarter. Amalgamated Bank now owns 2,716 shares of the company’s stock valued at $101,000 after purchasing an additional 1,241 shares during the period. Finally, KBC Group NV acquired a new position in Waystar during the 1st quarter valued at approximately $109,000.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. TD Cowen upgraded Waystar to a “strong-buy” rating in a research report on Thursday, June 5th. Wall Street Zen lowered Waystar from a “buy” rating to a “hold” rating in a research report on Saturday. Baird R W upgraded Waystar to a “strong-buy” rating in a research report on Friday, September 5th. Citigroup initiated coverage on Waystar in a research report on Thursday, September 18th. They set an “outperform” rating for the company. Finally, JMP Securities initiated coverage on Waystar in a research report on Thursday, September 18th. They set a “market outperform” rating and a $48.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the stock. According to MarketBeat, Waystar has a consensus rating of “Buy” and an average price target of $45.14.

Insider Activity

In related news, Director Paul G. Moskowitz sold 4,295,139 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $39.21, for a total transaction of $168,412,400.19. Following the transaction, the director directly owned 13,759,910 shares of the company’s stock, valued at approximately $539,526,071.10. The trade was a 23.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eric L. (Ric) Sinclair III sold 19,404 shares of the company’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $40.03, for a total value of $776,742.12. Following the transaction, the insider directly owned 474,826 shares in the company, valued at $19,007,284.78. The trade was a 3.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,643,216 shares of company stock valued at $181,622,108 in the last ninety days. Corporate insiders own 4.10% of the company’s stock.

Waystar Stock Up 0.2%

Shares of Waystar stock opened at $37.77 on Wednesday. The stock’s fifty day moving average is $36.79 and its 200-day moving average is $37.73. The firm has a market capitalization of $6.58 billion, a PE ratio of 78.69, a price-to-earnings-growth ratio of 0.69 and a beta of 0.78. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.39. Waystar Holding Corp. has a 12-month low of $26.56 and a 12-month high of $48.11.

Waystar (NASDAQ:WAY) last announced its earnings results on Wednesday, July 30th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $270.65 million for the quarter, compared to analyst estimates of $255.26 million. Waystar had a return on equity of 5.65% and a net margin of 8.50%.Waystar’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.04 earnings per share. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS. Equities analysts anticipate that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Waystar Company Profile

Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.