Waystar Holding Corp. $WAY Shares Sold by Bain Capital Investors LLC

Bain Capital Investors LLC lessened its position in shares of Waystar Holding Corp. (NASDAQ:WAY) by 17.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 18,055,049 shares of the company’s stock after selling 3,699,487 shares during the period. Waystar makes up 23.5% of Bain Capital Investors LLC’s holdings, making the stock its 2nd biggest holding. Bain Capital Investors LLC owned 0.10% of Waystar worth $737,910,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Maven Securities LTD bought a new position in Waystar in the second quarter worth approximately $1,022,000. Hood River Capital Management LLC increased its holdings in Waystar by 0.3% during the second quarter. Hood River Capital Management LLC now owns 1,014,754 shares of the company’s stock worth $41,473,000 after buying an additional 3,252 shares during the last quarter. Federated Hermes Inc. grew its stake in Waystar by 24.4% in the 2nd quarter. Federated Hermes Inc. now owns 801,718 shares of the company’s stock valued at $32,766,000 after buying an additional 157,024 shares in the last quarter. Jump Financial LLC raised its stake in shares of Waystar by 40.4% during the 2nd quarter. Jump Financial LLC now owns 505,699 shares of the company’s stock valued at $20,668,000 after purchasing an additional 145,415 shares during the period. Finally, Quantum Portfolio Management LLC lifted its holdings in shares of Waystar by 81.0% in the second quarter. Quantum Portfolio Management LLC now owns 13,303 shares of the company’s stock worth $544,000 after buying an additional 5,955 shares in the last quarter.

Insider Activity at Waystar

In related news, Director Paul G. Moskowitz sold 4,295,139 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $39.21, for a total value of $168,412,400.19. Following the sale, the director owned 13,759,910 shares in the company, valued at approximately $539,526,071.10. The trade was a 23.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Christopher L. Schremser sold 8,623 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $36.12, for a total transaction of $311,462.76. Following the sale, the chief technology officer owned 422,371 shares in the company, valued at $15,256,040.52. This represents a 2.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 4,395,177 shares of company stock worth $172,203,411 in the last three months. Corporate insiders own 4.10% of the company’s stock.

Waystar Stock Performance

WAY opened at $33.21 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.89 and a quick ratio of 3.89. The company has a 50 day simple moving average of $36.71 and a two-hundred day simple moving average of $37.37. The firm has a market cap of $6.35 billion, a P/E ratio of 53.56, a PEG ratio of 0.52 and a beta of 0.63. Waystar Holding Corp. has a 1-year low of $30.75 and a 1-year high of $48.11.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WAY. Weiss Ratings reissued a “hold (c)” rating on shares of Waystar in a research note on Wednesday, October 8th. Needham & Company LLC began coverage on Waystar in a report on Tuesday, November 11th. They issued a “buy” rating and a $46.00 price objective on the stock. Mizuho upped their price objective on shares of Waystar from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. JMP Securities began coverage on Waystar in a research note on Thursday, September 18th. They issued a “market outperform” rating and a $48.00 price target for the company. Finally, Citizens Jmp started coverage on Waystar in a research report on Thursday, September 18th. They set a “mkt outperform” rating and a $48.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $48.08.

Waystar Profile

Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.