Diamond Hill Capital Management LLC Investment Advisor Acquires Shares of 2,109,793 Waystar Holding Corp. $WAY

Posted by Stanley Muller on Aug 17th, 2026

Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Waystar Holding Corp. (NASDAQ:WAY – Free Report) during the second quarter, Holdings Channel.com reports. The firm bought 2,109,793 shares of the company’s stock, valued at approximately $43,314,000.

Several other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of Waystar by 11.3% during 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 in the last quarter. AQR Capital Management LLC bought a new position in Waystar in the first quarter worth $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in 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 purchasing an additional 22,364 shares in the last quarter. NewEdge Advisors LLC purchased a new position in Waystar during the first quarter valued at $234,000. Finally, Goldman Sachs Group Inc. lifted 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 buying an additional 88,256 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have recently commented on WAY shares. Wall Street Zen cut shares of Waystar from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Raymond James Financial reiterated a “strong-buy” rating and issued a $32.00 price target on shares of Waystar in a research note on Thursday, April 30th. UBS Group lowered their price target on shares of Waystar from $37.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Wells Fargo & Company dropped their price objective on shares of Waystar from $36.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $39.00 price objective on shares of Waystar in a report on Friday, July 31st. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Waystar currently has an average rating of “Moderate Buy” and an average target price of $35.00.

Get Our Latest Analysis on Waystar

Waystar Price Performance

Shares of NASDAQ:WAY opened at $24.78 on Monday. The stock has a fifty day simple moving average of $21.62 and a two-hundred day simple moving average of $22.73. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 35.40, a PEG ratio of 0.96 and a beta of 0.06. Waystar Holding Corp. has a 12-month low of $17.26 and a 12-month high of $41.47. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.36.

Waystar (NASDAQ:WAY – Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. Waystar had a return on equity of 7.03% and a net margin of 11.18%.The business had revenue of $319.67 million for the quarter, compared to the consensus estimate of $316.21 million. During the same period in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. On average, research analysts anticipate that Waystar Holding Corp. will post 1.47 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Matthew J. Hawkins sold 60,038 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $25.01, for a total value of $1,501,550.38. Following the transaction, the chief executive officer owned 1,835,081 shares in the company, valued at $45,895,375.81. The trade was a 3.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.50% of the stock is currently owned by corporate insiders.

About Waystar

(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.