Osterweis Capital Management Inc. Purchases New Shares in Waystar Holding Corp. $WAY

Osterweis Capital Management Inc. acquired a new stake in Waystar Holding Corp. (NASDAQ:WAY) in the second quarter, Holdings Channel reports. The institutional investor acquired 281,360 shares of the company’s stock, valued at approximately $5,776,000.

A number of other large investors have also modified their holdings of WAY. BlackRock Inc. purchased a new stake in shares of Waystar during the 2nd quarter worth about $357,950,000. Vanguard Group Inc. increased its stake in shares of Waystar by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 12,330,872 shares of the company’s stock valued at $403,836,000 after purchasing an additional 41,062 shares in the last quarter. Advent International L.P. purchased a new position in shares of Waystar in the 4th quarter valued at about $362,212,000. William Blair Investment Management LLC raised its holdings in Waystar by 0.4% in the 4th quarter. William Blair Investment Management LLC now owns 5,282,220 shares of the company’s stock worth $172,993,000 after purchasing an additional 19,033 shares during the period. Finally, State Street Corp raised its holdings in Waystar by 4.0% in the 4th quarter. State Street Corp now owns 4,134,052 shares of the company’s stock worth $135,390,000 after purchasing an additional 159,183 shares during the period.

Insiders Place Their Bets

In other Waystar news, CEO Matthew J. Hawkins sold 60,038 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $25.01, for a total value of $1,501,550.38. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.50% of the stock is owned by company insiders.

Waystar Price Performance

Waystar stock opened at $24.21 on Wednesday. The company has a fifty day simple moving average of $22.46 and a 200-day simple moving average of $22.66. The firm has a market capitalization 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 quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.36. Waystar Holding Corp. has a 52-week low of $17.26 and a 52-week high of $41.47.

Waystar (NASDAQ:WAY) last posted its quarterly earnings results 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 firm had revenue of $319.67 million for the quarter, compared to analyst estimates of $316.21 million. During the same period in the previous year, the business posted $0.36 earnings per share. Waystar’s quarterly revenue was up 18.1% on a year-over-year basis. On average, equities analysts anticipate that Waystar Holding Corp. will post 1.47 EPS for the current fiscal year.

Analysts Set New Price Targets

WAY has been the topic of a number of recent analyst reports. Raymond James Financial reissued a “strong-buy” rating and issued a $32.00 price objective on shares of Waystar in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $39.00 target price on shares of Waystar in a research note on Friday, July 31st. Needham & Company LLC reiterated a “buy” rating and set a $33.00 target price on shares of Waystar in a research report on Thursday, July 30th. Wolfe Research upgraded Waystar to an “outperform” rating in a research report on Thursday, August 13th. Finally, Wall Street Zen cut shares of Waystar from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Waystar presently has an average rating of “Moderate Buy” and an average target price of $35.00.

About Waystar

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.