William Blair Issues Positive Outlook for Waystar Earnings

Waystar Holding Corp. (NASDAQ:WAY) – Research analysts at William Blair raised their Q1 2026 earnings per share (EPS) estimates for shares of Waystar in a research report issued on Thursday, September 4th. William Blair analyst R. Daniels now forecasts that the company will post earnings of $0.33 per share for the quarter, up from their previous forecast of $0.32. The consensus estimate for Waystar’s current full-year earnings is $0.39 per share. William Blair also issued estimates for Waystar’s Q2 2026 earnings at $0.36 EPS, Q3 2026 earnings at $0.32 EPS, Q4 2026 earnings at $0.33 EPS and FY2026 earnings at $1.34 EPS.

Waystar (NASDAQ:WAY) last announced its earnings results on Wednesday, July 30th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. The firm had revenue of $270.65 million for the quarter, compared to the consensus estimate of $255.26 million. Waystar had a net margin of 8.50% and a return on equity of 5.65%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period last year, the company posted $0.04 EPS. Waystar has set its FY 2025 guidance at 1.360-1.400 EPS.

Other equities analysts have also recently issued research reports about the company. TD Cowen upgraded Waystar to a “strong-buy” rating in a report on Thursday, June 5th. Citigroup started coverage on Waystar in a research report on Wednesday, June 25th. They set a “buy” rating and a $45.00 price target for the company. Robert W. Baird assumed coverage on shares of Waystar in a research note on Friday, September 5th. They set an “outperform” rating and a $44.00 price target for the company. Mizuho began coverage on shares of Waystar in a research report on Monday, June 30th. They issued an “outperform” rating and a $48.00 price objective on the stock. Finally, Baird R W raised shares of Waystar to a “strong-buy” rating in a research report on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $44.67.

Waystar Trading Up 0.1%

Shares of NASDAQ:WAY opened at $40.89 on Monday. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 85.19, a PEG ratio of 0.75 and a beta of 0.78. Waystar has a 12 month low of $25.76 and a 12 month high of $48.11. The company’s fifty day simple moving average is $36.80 and its 200 day simple moving average is $37.98. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.39.

Hedge Funds Weigh In On Waystar

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 3,099,211 shares in the last quarter. William Blair Investment Management LLC increased its position in Waystar by 23.9% during the second quarter. William Blair Investment Management LLC now owns 5,239,365 shares of the company’s stock worth $214,133,000 after buying an additional 1,011,940 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Waystar by 3,883.4% in the second quarter. Alliancebernstein L.P. now owns 3,268,932 shares of the company’s stock worth $133,601,000 after acquiring an additional 3,186,869 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Waystar by 14.9% in the second quarter. Geode Capital Management LLC now owns 2,376,932 shares of the company’s stock valued at $97,155,000 after acquiring an additional 309,119 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Waystar by 10.7% during the second quarter. Bank of America Corp DE now owns 2,087,680 shares of the company’s stock valued at $85,323,000 after acquiring an additional 201,262 shares during the last quarter.

Insider Transactions at Waystar

In other news, insider Eric L. (Ric) Sinclair III sold 9,702 shares of the firm’s stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $40.22, for a total transaction of $390,214.44. Following the transaction, the insider directly owned 490,870 shares of the company’s stock, valued at approximately $19,742,791.40. This trade represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider T. Craig Bridge sold 85,000 shares of the firm’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $37.09, for a total transaction of $3,152,650.00. Following the completion of the sale, the insider directly owned 682,843 shares in the company, valued at approximately $25,326,646.87. This trade represents a 11.07% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 237,788 shares of company stock valued at $8,760,767. Corporate insiders own 4.10% of the company’s stock.

Waystar Company Profile

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