Waystar Holding Corp. $WAY Shares Sold by Bailard Inc.

Bailard Inc. cut its position in shares of Waystar Holding Corp. (NASDAQ:WAY) by 78.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,585 shares of the company’s stock after selling 49,623 shares during the period. Bailard Inc.’s holdings in Waystar were worth $515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in WAY. Salomon & Ludwin LLC acquired a new stake in shares of Waystar during the third quarter worth $25,000. First Horizon Corp bought a new stake in shares of Waystar during the 3rd quarter valued at about $38,000. Nisa Investment Advisors LLC raised its stake in Waystar by 50.6% during the second quarter. Nisa Investment Advisors LLC now owns 1,065 shares of the company’s stock worth $44,000 after acquiring an additional 358 shares during the period. EverSource Wealth Advisors LLC raised its stake in Waystar by 3,219.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock worth $57,000 after acquiring an additional 1,352 shares during the period. Finally, CWM LLC lifted its holdings in Waystar by 515.8% in the third quarter. CWM LLC now owns 2,100 shares of the company’s stock worth $80,000 after acquiring an additional 1,759 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on WAY shares. Canaccord Genuity Group set a $54.00 target price on Waystar in a report on Thursday, October 30th. UBS Group assumed coverage on Waystar in a research report on Monday, December 15th. They set a “buy” rating and a $41.00 price objective for the company. Wells Fargo & Company began coverage on Waystar in a research note on Thursday, January 8th. They set an “overweight” rating and a $41.00 price objective for the company. Mizuho raised their target price on Waystar from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Finally, Wall Street Zen downgraded shares of Waystar from a “buy” rating to a “hold” rating in a report on Saturday, November 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $46.64.

Insider Transactions at Waystar

In other news, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the firm’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $30.08, for a total transaction of $1,209,968.00. Following the transaction, the insider directly owned 474,826 shares of the company’s stock, valued at approximately $14,282,766.08. This trade represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of Waystar stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $37.00, for a total transaction of $125,800.00. Following the sale, the chief marketing officer owned 193,261 shares in the company, valued at approximately $7,150,657. This represents a 1.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 80,273 shares of company stock valued at $2,569,997. 4.10% of the stock is currently owned by corporate insiders.

Waystar Stock Performance

Shares of WAY stock opened at $29.98 on Friday. Waystar Holding Corp. has a 12-month low of $28.71 and a 12-month high of $48.11. 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 firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 48.35, a price-to-earnings-growth ratio of 0.37 and a beta of 0.76. The business has a 50 day simple moving average of $33.04 and a 200 day simple moving average of $35.66.

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.