Norges Bank Purchases New Holdings in Waystar Holding Corp. $WAY

Norges Bank purchased a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,362,650 shares of the company’s stock, valued at approximately $44,627,000. Norges Bank owned 0.71% of Waystar as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in 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 acquiring an additional 41,062 shares during the period. William Blair Investment Management LLC increased its stake in Waystar by 0.4% during the fourth quarter. William Blair Investment Management LLC now owns 5,282,220 shares of the company’s stock valued at $172,993,000 after acquiring an additional 19,033 shares during the period. Alliancebernstein L.P. increased its stake in Waystar by 4.5% during the third quarter. Alliancebernstein L.P. now owns 3,415,442 shares of the company’s stock valued at $129,514,000 after acquiring an additional 146,510 shares during the period. Geode Capital Management LLC increased its stake in Waystar by 7.1% during the fourth quarter. Geode Capital Management LLC now owns 3,398,053 shares of the company’s stock valued at $111,300,000 after acquiring an additional 224,908 shares during the period. Finally, Invesco Ltd. increased its stake in Waystar by 63.0% during the third quarter. Invesco Ltd. now owns 3,130,230 shares of the company’s stock valued at $118,698,000 after acquiring an additional 1,209,276 shares during the period.

Analyst Ratings Changes

Several brokerages recently issued reports on WAY. BMO Capital Markets lowered their price target on Waystar from $47.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 18th. Truist Financial lowered their price objective on Waystar from $51.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Citigroup lowered their price objective on Waystar from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Morgan Stanley began coverage on Waystar in a research note on Monday, March 30th. They issued an “equal weight” rating and a $28.00 price objective on the stock. Finally, TD Cowen reiterated a “buy” rating on shares of Waystar in a research note 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. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $35.62.

Waystar Stock Down 5.1%

NASDAQ WAY opened at $18.98 on Tuesday. The firm has a market cap of $3.64 billion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 0.79 and a beta of 0.11. Waystar Holding Corp. has a one year low of $17.89 and a one year high of $41.49. The stock’s 50 day simple moving average is $21.87 and its 200 day simple moving average is $26.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.76 and a quick ratio of 1.76.

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