Quantinno Capital Management LP lifted its holdings in Waystar Holding Corp. (NASDAQ:WAY – Free Report) by 1,399.7% during the first quarter, HoldingsChannel reports. The firm owned 163,915 shares of the company’s stock after purchasing an additional 152,985 shares during the period. Quantinno Capital Management LP’s holdings in Waystar were worth $3,952,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in WAY. Royal Bank of Canada grew its holdings in Waystar by 11.3% in the 1st quarter. Royal Bank of Canada now owns 21,609 shares of the company’s stock valued at $808,000 after buying an additional 2,195 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of Waystar during the first quarter worth approximately $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Waystar by 91.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,911 shares of the company’s stock worth $1,753,000 after buying an additional 22,364 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of Waystar in the first quarter valued at approximately $234,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Waystar by 13.4% in the first quarter. Goldman Sachs Group Inc. now owns 747,268 shares of the company’s stock valued at $27,918,000 after acquiring an additional 88,256 shares during the period.
Waystar Stock Performance
WAY opened at $24.23 on Friday. The stock has a market cap of $4.65 billion, a PE ratio of 34.61, a P/E/G ratio of 0.91 and a beta of 0.06. Waystar Holding Corp. has a 1 year low of $17.26 and a 1 year high of $41.47. The stock’s 50 day simple moving average is $21.20 and its 200-day simple moving average is $22.96. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.36.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. Citigroup reaffirmed a “buy” rating on shares of Waystar in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $39.00 price target on shares of Waystar in a report on Friday, July 31st. KeyCorp restated an “overweight” rating on shares of Waystar in a report on Friday, July 31st. UBS Group cut their price objective on shares of Waystar from $37.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Finally, Weiss Ratings cut shares of Waystar from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, June 24th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $35.23.
Waystar Company 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.
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