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

Mawer Investment Management Ltd. grew its position in shares of Waystar Holding Corp. (NASDAQ:WAY) by 120.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,056,456 shares of the company’s stock after purchasing an additional 576,387 shares during the quarter. Mawer Investment Management Ltd. owned about 0.55% of Waystar worth $26,771,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Diversified Trust Co bought a new stake in shares of Waystar in the 3rd quarter valued at $617,000. Russell Investments Group Ltd. increased its position in shares of Waystar by 158.8% during the third quarter. Russell Investments Group Ltd. now owns 289,699 shares of the company’s stock worth $7,341,000 after buying an additional 177,765 shares during the period. Eurizon Capital SGR S.p.A. bought a new position in Waystar during the third quarter worth $36,000. Fifth Third Bancorp raised its stake in Waystar by 21.5% during the third quarter. Fifth Third Bancorp now owns 30,580 shares of the company’s stock worth $775,000 after buying an additional 5,417 shares during the last quarter. Finally, Maryland State Retirement & Pension System raised its stake in Waystar by 60.1% during the third quarter. Maryland State Retirement & Pension System now owns 26,874 shares of the company’s stock worth $681,000 after buying an additional 10,085 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts recently issued reports on WAY shares. Canaccord Genuity Group boosted their target price on shares of Waystar from $33.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, November 3rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Waystar in a report on Tuesday, September 15th. Truist Financial increased their price target on Waystar from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, November 4th. Citigroup reissued a “buy” rating on shares of Waystar in a research report on Monday, July 20th. Finally, KeyCorp boosted their price objective on Waystar from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Waystar has an average rating of “Moderate Buy” and an average price target of $35.23.

Waystar Trading Down 0.5%

Shares of Waystar stock traded down $0.15 on Friday, reaching $27.99. 1,147,466 shares of the company’s stock were exchanged, compared to its average volume of 1,950,399. The company has a market capitalization of $5.38 billion, a P/E ratio of 40.57, a price-to-earnings-growth ratio of 1.17 and a beta of 0.11. Waystar Holding Corp. has a 52 week low of $17.26 and a 52 week high of $37.51. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.10 and a current ratio of 2.10. The firm’s 50-day moving average is $26.81 and its two-hundred day moving average is $23.93.

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

Insider Buying and Selling

In other Waystar news, CEO Matthew Hawkins sold 82,500 shares of the firm’s stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $28.75, for a total value of $2,371,875.00. Following the completion of the sale, the chief executive officer directly owned 1,804,794 shares in the company, valued at approximately $51,887,827.50. This trade represents a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 247,500 shares of company stock valued at $6,678,375 in the last ninety days. Company insiders own 3.50% of the company’s stock.

About Waystar

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.