Waystar Holding Corp. $WAY Shares Acquired by Vanguard Group Inc.

by · The Markets Daily

Vanguard Group Inc. lifted its holdings in Waystar Holding Corp. (NASDAQ:WAY – Free Report) by 35.5% during the third quarter, Holdings Channel reports. The fund owned 12,289,810 shares of the company’s stock after buying an additional 3,219,586 shares during the quarter. Vanguard Group Inc. owned approximately 0.06% of Waystar worth $466,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings in Waystar by 11.3% in the first quarter. Royal Bank of Canada now owns 21,609 shares of the company’s stock valued at $808,000 after purchasing an additional 2,195 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of Waystar in the 1st quarter valued at about $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Waystar by 91.1% in 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 acquired a new stake in Waystar during the first quarter worth about $234,000. Finally, Goldman Sachs Group Inc. raised its position in Waystar by 13.4% during 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 in the last quarter.

Insiders Place Their Bets

In other Waystar news, CTO Christopher L. Schremser sold 8,623 shares of the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $30.41, for a total value of $262,225.43. Following the completion of the sale, the chief technology officer owned 422,371 shares in the company, valued at approximately $12,844,302.11. This represents a 2.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 474,826 shares in the company, valued at $14,282,766.08. This trade represents a 7.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 58,549 shares of company stock valued at $1,790,580 in the last ninety days. Insiders own 4.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on WAY shares. Barclays lowered their price objective on Waystar from $42.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Needham & Company LLC dropped their price target on shares of Waystar from $46.00 to $33.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Truist Financial decreased their price objective on shares of Waystar from $51.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Weiss Ratings restated a “hold (c)” rating on shares of Waystar in a research note on Wednesday, January 21st. Finally, Mizuho set a $42.00 price target on Waystar in a report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $37.19.

Get Our Latest Research Report on Waystar

Waystar Trading Down 3.3%

Shares of Waystar stock opened at $24.40 on Thursday. Waystar Holding Corp. has a twelve month low of $21.13 and a twelve month high of $45.00. The firm’s 50-day moving average price is $28.68 and its 200 day moving average price is $33.81. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $4.68 billion, a PE ratio of 40.00, a P/E/G ratio of 0.98 and a beta of 0.75.

Waystar (NASDAQ:WAY – Get Free Report) last released its earnings results on Tuesday, February 17th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.03). Waystar had a net margin of 10.20% and a return on equity of 6.86%. The firm had revenue of $303.54 million during the quarter, compared to analysts’ expectations of $294.72 million. During the same quarter last year, the business earned $0.29 EPS. The business’s revenue was up 24.3% compared to the same quarter last year. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. On average, sell-side analysts predict that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.

Waystar Profile

(Free Report)

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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