Baird Financial Group Inc. Purchases Shares of 92,967 Waystar Holding Corp. $WAY

Baird Financial Group Inc. acquired a new position in shares of Waystar Holding Corp. (NASDAQ:WAY) in the second quarter, HoldingsChannel.com reports. The firm acquired 92,967 shares of the company’s stock, valued at approximately $3,800,000.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Waystar by 62.1% in the first quarter. Vanguard Group Inc. now owns 8,090,547 shares of the company’s stock valued at $302,263,000 after buying an additional 3,099,211 shares during the last quarter. Jump Financial LLC raised its stake in Waystar by 239.3% in the 1st quarter. Jump Financial LLC now owns 360,284 shares of the company’s stock valued at $13,460,000 after acquiring an additional 254,084 shares during the period. FORA Capital LLC acquired a new stake in Waystar during the 1st quarter valued at $891,000. Invesco Ltd. boosted its position in Waystar by 9,107.1% during the first quarter. Invesco Ltd. now owns 2,040,285 shares of the company’s stock worth $76,225,000 after purchasing an additional 2,018,125 shares during the period. Finally, Hsbc Holdings PLC increased its holdings in shares of Waystar by 575.1% in the first quarter. Hsbc Holdings PLC now owns 70,360 shares of the company’s stock valued at $2,627,000 after purchasing an additional 59,938 shares during the last quarter.

Waystar Stock Performance

Waystar stock opened at $30.40 on Thursday. The company has a quick ratio of 3.89, a current ratio of 3.89 and a debt-to-equity ratio of 0.38. The stock has a market cap of $5.82 billion, a PE ratio of 49.03, a P/E/G ratio of 0.46 and a beta of 0.64. Waystar Holding Corp. has a 12-month low of $29.40 and a 12-month high of $48.11. The business’s 50-day moving average price is $36.42 and its two-hundred day moving average price is $37.26.

Insider Activity at Waystar

In other Waystar news, insider Eric L. (Ric) Sinclair III sold 9,701 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $35.27, for a total value of $342,154.27. Following the sale, the insider owned 474,826 shares in the company, valued at $16,747,113.02. This trade represents a 2.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Matthew J. Hawkins sold 12,800 shares of the business’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $38.08, for a total transaction of $487,424.00. Following the sale, the chief executive officer directly owned 717,474 shares in the company, valued at approximately $27,321,409.92. The trade was a 1.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 4,369,888 shares of company stock worth $171,179,460 in the last ninety days. Insiders own 4.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Zacks Research raised shares of Waystar from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Citigroup boosted their price objective on Waystar from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Waystar in a research report on Wednesday, October 8th. Mizuho lifted their price target on Waystar from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Finally, Citizens Jmp began coverage on Waystar in a report on Thursday, September 18th. They issued a “mkt outperform” rating and a $48.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $48.08.

About Waystar

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