Robeco Schweiz AG Purchases 55,141 Shares of Waystar Holding Corp. $WAY

Robeco Schweiz AG purchased a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY) during the third quarter, HoldingsChannel reports. The fund purchased 55,141 shares of the company’s stock, valued at approximately $1,397,000.

Several other institutional investors have also bought and sold shares of the business. Root Financial Partners LLC grew its stake in shares of Waystar by 6,475.0% in the 1st quarter. Root Financial Partners LLC now owns 1,052 shares of the company’s stock worth $25,000 after buying an additional 1,036 shares in the last quarter. Essential Partners LLC increased its holdings in shares of Waystar by 1,432.7% in the 1st quarter. Essential Partners LLC now owns 1,548 shares of the company’s stock worth $37,000 after buying an additional 1,447 shares during the last quarter. OP Asset Management Ltd purchased a new stake in shares of Waystar during the 1st quarter valued at about $58,000. GAMMA Investing LLC raised its position in shares of Waystar by 20.9% during the 3rd quarter. GAMMA Investing LLC now owns 2,692 shares of the company’s stock valued at $68,000 after buying an additional 465 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Waystar by 18.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,782 shares of the company’s stock valued at $70,000 after buying an additional 435 shares in the last quarter.

Waystar Stock Performance

Shares of NASDAQ:WAY opened at $28.85 on Monday. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 41.21, a PEG ratio of 1.12 and a beta of 0.18. Waystar Holding Corp. has a 12 month low of $17.26 and a 12 month high of $40.35. The firm’s 50-day moving average is $25.80 and its 200 day moving average is $23.10. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.36.

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

Insider Activity

In other Waystar news, CEO Matthew Hawkins sold 82,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $26.23, for a total transaction of $2,163,975.00. Following the completion of the transaction, the chief executive officer owned 1,804,794 shares in the company, valued at $47,339,746.62. 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 $6,370,499 in the last ninety days. 3.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on WAY shares. UBS Group lowered their price target on shares of Waystar from $37.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Truist Financial reduced their price objective on Waystar from $38.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. BMO Capital Markets reissued an “outperform” rating on shares of Waystar in a research note on Thursday, August 27th. Royal Bank Of Canada restated an “outperform” rating on shares of Waystar in a research report on Tuesday, September 15th. Finally, Wolfe Research raised Waystar to an “outperform” rating in a research note on Thursday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.90.

Waystar Company Profile

Waystar Holding Corp. is a healthcare technology company that provides cloud-based software designed to simplify administrative and financial processes across the healthcare industry. Its platform connects healthcare providers, health plans and patients, helping organizations manage revenue cycle operations and improve the flow of information and payments.

The company’s products and services include electronic claims management, eligibility and benefits verification, prior authorization, payment integrity, denial management, patient estimates and payments, billing automation, and healthcare analytics.