Healthcare of Ontario Pension Plan Trust Fund Sells 1,250,000 Shares of Waystar Holding Corp. $WAY

Healthcare of Ontario Pension Plan Trust Fund reduced its stake in Waystar Holding Corp. (NASDAQ:WAY – Free Report) by 62.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 750,000 shares of the company’s stock after selling 1,250,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Waystar were worth $24,562,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. ANTIPODES PARTNERS Ltd grew its stake in Waystar by 120.1% in the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 823 shares of the company’s stock worth $31,000 after acquiring an additional 449 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Waystar by 6,005.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,160 shares of the company’s stock worth $38,000 after acquiring an additional 1,141 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Waystar by 3,219.0% in the 2nd 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 in the last quarter. Danske Bank A S bought a new position in Waystar in the 4th quarter worth about $52,000. Finally, GAMMA Investing LLC grew its stake in Waystar by 613.4% in the 4th quarter. GAMMA Investing LLC now owns 1,762 shares of the company’s stock worth $58,000 after acquiring an additional 1,515 shares in the last quarter.

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Waystar Price Performance

NASDAQ WAY opened at $18.55 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.76 and a current ratio of 1.76. The firm’s 50 day moving average price is $21.37 and its 200-day moving average price is $26.01. Waystar Holding Corp. has a 52-week low of $17.89 and a 52-week high of $41.47. The company has a market cap of $3.56 billion, a PE ratio of 27.69, a P/E/G ratio of 0.74 and a beta of 0.11.

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

Wall Street Analyst Weigh In

A number of brokerages have commented on WAY. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Waystar from $42.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. BMO Capital Markets dropped their target price on shares of Waystar from $47.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 18th. Freedom Capital upgraded shares of Waystar from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Morgan Stanley initiated coverage on shares of Waystar in a research note on Monday, March 30th. They set an “equal weight” rating and a $28.00 price objective on the stock. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $32.00 price objective on shares of Waystar in a research note on Thursday, April 30th. 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. Based on data from MarketBeat.com, Waystar has an average rating of “Buy” and an average target price of $35.62.

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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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