Waystar Holding Corp. $WAY is Fortress Investment Group LLC’s 8th Largest Position

Fortress Investment Group LLC lifted its stake in shares of Waystar Holding Corp. (NASDAQ:WAY) by 451.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 686,071 shares of the company’s stock after acquiring an additional 561,671 shares during the period. Waystar makes up 3.5% of Fortress Investment Group LLC’s investment portfolio, making the stock its 8th biggest position. Fortress Investment Group LLC owned about 0.36% of Waystar worth $26,016,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Thrivent Financial for Lutherans raised its stake in shares of Waystar by 2,923.3% during the third quarter. Thrivent Financial for Lutherans now owns 882,427 shares of the company’s stock worth $33,461,000 after acquiring an additional 853,239 shares in the last quarter. Lisanti Capital Growth LLC purchased a new stake in shares of Waystar in the 3rd quarter valued at $4,002,000. Munro Partners grew its holdings in shares of Waystar by 107.5% during the 3rd quarter. Munro Partners now owns 178,890 shares of the company’s stock valued at $6,784,000 after purchasing an additional 92,695 shares during the last quarter. Oak Ridge Investments LLC bought a new position in shares of Waystar during the 3rd quarter valued at $2,139,000. Finally, New York State Common Retirement Fund raised its position in Waystar by 32.0% in the 3rd quarter. New York State Common Retirement Fund now owns 515,946 shares of the company’s stock worth $19,565,000 after purchasing an additional 125,199 shares during the period.

Insider Buying and Selling at Waystar

In related news, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the business’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $30.08, for a total transaction of $1,209,968.00. Following the transaction, the insider owned 474,826 shares in the company, valued at $14,282,766.08. The trade was a 7.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Canaccord Genuity Group lowered their price target on shares of Waystar from $54.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Wall Street Zen cut Waystar from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. TD Cowen reiterated a “buy” rating on shares of Waystar in a report on Wednesday, February 18th. BMO Capital Markets lowered their target price on Waystar from $47.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. Finally, Jefferies Financial Group restated a “buy” rating and set a $41.00 target price on shares of Waystar in a report on Wednesday, February 18th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $37.06.

Waystar Stock Down 1.8%

NASDAQ WAY opened at $24.16 on Monday. Waystar Holding Corp. has a 1 year low of $21.13 and a 1 year high of $42.55. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.41 and a quick ratio of 1.41. The business’s 50-day moving average is $26.97 and its 200 day moving average is $32.94. The stock has a market capitalization of $4.63 billion, a PE ratio of 39.61, a PEG ratio of 0.94 and a beta of 0.80.

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

Waystar Profile

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.