Capital Research Global Investors Takes Position in Waystar Holding Corp. $WAY

Capital Research Global Investors acquired a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY – Free Report) in the fourth quarter, Holdings Channel.com reports. The firm acquired 495,000 shares of the company’s stock, valued at approximately $16,211,000.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Waystar by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 12,330,872 shares of the company’s stock valued at $403,836,000 after buying an additional 41,062 shares during the last quarter. William Blair Investment Management LLC raised its position in Waystar by 0.4% in the fourth quarter. William Blair Investment Management LLC now owns 5,282,220 shares of the company’s stock worth $172,993,000 after purchasing an additional 19,033 shares in the last quarter. Alliancebernstein L.P. raised its position in Waystar by 4.5% in the third quarter. Alliancebernstein L.P. now owns 3,415,442 shares of the company’s stock worth $129,514,000 after purchasing an additional 146,510 shares in the last quarter. Geode Capital Management LLC raised its position in Waystar by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 3,398,053 shares of the company’s stock worth $111,300,000 after purchasing an additional 224,908 shares in the last quarter. Finally, Invesco Ltd. raised its position in Waystar by 63.0% in the third quarter. Invesco Ltd. now owns 3,130,230 shares of the company’s stock worth $118,698,000 after purchasing an additional 1,209,276 shares in the last quarter.

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Waystar Price Performance

Shares of Waystar stock opened at $19.17 on Wednesday. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 28.61, a P/E/G ratio of 0.75 and a beta of 0.10. Waystar Holding Corp. has a 1-year low of $17.89 and a 1-year high of $41.47. The firm’s 50-day moving average price is $21.78 and its two-hundred day moving average price is $26.50.

Waystar (NASDAQ:WAY – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.03. The firm had revenue of $313.87 million for the quarter, compared to analysts’ expectations of $311.74 million. Waystar had a net margin of 10.90% and a return on equity of 6.99%. The company’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 earnings per share. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. On average, equities analysts predict that Waystar Holding Corp. will post 1.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WAY has been the subject of several recent research reports. Citigroup dropped their price target on shares of Waystar from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Barclays dropped their price target on shares of Waystar from $36.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Waystar from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Evercore set a $27.00 price target on shares of Waystar in a research report on Wednesday, February 18th. Finally, Freedom Capital raised shares of Waystar from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $35.62.

Read Our Latest Analysis on Waystar

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.

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