Osterweis Capital Management Inc. Invests $5.78 Million in Waystar Holding Corp. $WAY

Osterweis Capital Management Inc. acquired a new position in Waystar Holding Corp. (NASDAQ:WAY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 281,360 shares of the company’s stock, valued at approximately $5,776,000. Osterweis Capital Management Inc. owned approximately 0.15% of Waystar at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in Waystar in the second quarter valued at about $357,950,000. Vanguard Group Inc. boosted its holdings in Waystar by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 12,330,872 shares of the company’s stock worth $403,836,000 after acquiring an additional 41,062 shares in the last quarter. Advent International L.P. purchased a new stake in shares of Waystar during the fourth quarter worth about $362,212,000. William Blair Investment Management LLC grew its stake in shares of Waystar by 0.4% during the fourth quarter. William Blair Investment Management LLC now owns 5,282,220 shares of the company’s stock worth $172,993,000 after acquiring an additional 19,033 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Waystar by 4.0% during the fourth quarter. State Street Corp now owns 4,134,052 shares of the company’s stock valued at $135,390,000 after acquiring an additional 159,183 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Waystar in a research report on Friday, July 31st. JPMorgan Chase & Co. cut their price target on shares of Waystar from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Wells Fargo & Company decreased their price target on shares of Waystar from $36.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. UBS Group dropped their price objective on shares of Waystar from $37.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $33.00 target price on shares of Waystar in a research report on Thursday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Insider Buying and Selling

In related news, CEO Matthew J. Hawkins sold 60,038 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $25.01, for a total transaction of $1,501,550.38. Following the sale, the chief executive officer directly owned 1,835,081 shares of the company’s stock, valued at $45,895,375.81. This trade represents a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.50% of the stock is currently owned by company insiders.

Waystar Price Performance

NASDAQ:WAY opened at $24.21 on Wednesday. The firm’s fifty day moving average is $22.46 and its two-hundred day moving average is $22.66. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 0.99 and a beta of 0.06. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.85 and a current ratio of 1.85. Waystar Holding Corp. has a one year low of $17.26 and a one year high of $41.47.

Waystar (NASDAQ:WAY) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The business had revenue of $319.67 million during the quarter, compared to analyst estimates of $316.21 million. Waystar had a return on equity of 7.03% and a net margin of 11.18%.The company’s revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the business posted $0.36 EPS. Research analysts expect that Waystar Holding Corp. will post 1.47 EPS for the current year.

Waystar 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.