Oregon Public Employees Retirement Fund Makes New $982,000 Investment in Waystar Holding Corp. $WAY

Oregon Public Employees Retirement Fund purchased a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 25,900 shares of the company’s stock, valued at approximately $982,000.

Other large investors have also recently modified their holdings of the company. Munro Partners boosted its holdings in shares of Waystar by 107.5% during the 3rd quarter. Munro Partners now owns 178,890 shares of the company’s stock worth $6,784,000 after purchasing an additional 92,695 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in Waystar during the third quarter worth about $1,703,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Waystar in the second quarter valued at approximately $2,670,000. Geode Capital Management LLC raised its holdings in shares of Waystar by 14.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,376,932 shares of the company’s stock valued at $97,155,000 after buying an additional 309,119 shares during the period. Finally, Teacher Retirement System of Texas lifted its stake in Waystar by 10.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 44,159 shares of the company’s stock worth $1,805,000 after acquiring an additional 4,117 shares in the last quarter.

Insider Transactions at Waystar

In related news, CTO Christopher L. Schremser sold 8,623 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $30.41, for a total value of $262,225.43. Following the completion of the transaction, the chief technology officer directly owned 422,371 shares of the company’s stock, valued at $12,844,302.11. This represents a 2.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Eric L. (Ric) Sinclair III sold 9,701 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $32.82, for a total transaction of $318,386.82. Following the sale, the insider owned 474,826 shares of the company’s stock, valued at $15,583,789.32. This represents a 2.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 49,749 shares of company stock valued at $1,718,384. Corporate insiders own 4.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Barclays cut their price target on shares of Waystar from $56.00 to $42.00 and set an “overweight” rating on the stock in a research note on Monday, December 8th. The Goldman Sachs Group set a $44.00 target price on shares of Waystar in a research note on Wednesday. Needham & Company LLC began coverage on shares of Waystar in a research report on Tuesday, November 11th. They issued a “buy” rating and a $46.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Waystar in a research report on Wednesday, October 8th. Finally, Zacks Research lowered Waystar from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $46.64.

Waystar Stock Performance

Shares of WAY stock opened at $30.27 on Friday. The company has a market cap of $5.79 billion, a P/E ratio of 48.82, a PEG ratio of 0.38 and a beta of 0.76. The firm has a fifty day moving average price of $33.67 and a 200 day moving average price of $35.98. The company has a current ratio of 3.89, a quick ratio of 3.89 and a debt-to-equity ratio of 0.38. Waystar Holding Corp. has a 12 month low of $29.40 and a 12 month high of $48.11.

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.