King Luther Capital Management Corp Purchases 36,160 Shares of Waystar Holding Corp. $WAY

King Luther Capital Management Corp raised its position in Waystar Holding Corp. (NASDAQ:WAY) by 44.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,325 shares of the company’s stock after buying an additional 36,160 shares during the quarter. King Luther Capital Management Corp’s holdings in Waystar were worth $4,487,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Waystar by 35.5% during the 3rd quarter. Vanguard Group Inc. now owns 12,289,810 shares of the company’s stock worth $466,030,000 after acquiring an additional 3,219,586 shares during the period. Alliancebernstein L.P. raised its position in Waystar by 3,883.4% during the second quarter. Alliancebernstein L.P. now owns 3,268,932 shares of the company’s stock valued at $133,601,000 after purchasing an additional 3,186,869 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Waystar by 152.6% during the third quarter. JPMorgan Chase & Co. now owns 2,489,572 shares of the company’s stock worth $94,405,000 after purchasing an additional 1,504,026 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Waystar by 14.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,376,932 shares of the company’s stock valued at $97,155,000 after purchasing an additional 309,119 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Waystar by 10.7% in the 2nd quarter. Bank of America Corp DE now owns 2,087,680 shares of the company’s stock valued at $85,323,000 after purchasing an additional 201,262 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms have recently commented on WAY. TD Cowen reissued a “buy” rating on shares of Waystar in a report on Wednesday. Needham & Company LLC decreased their target price on Waystar from $46.00 to $33.00 and set a “buy” rating on the stock in a research report on Tuesday. Mizuho set a $42.00 target price on Waystar in a research note on Wednesday, February 4th. Citigroup dropped their target price on shares of Waystar from $46.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday. Finally, UBS Group assumed coverage on shares of Waystar in a research note on Monday, December 15th. They issued a “buy” rating and a $41.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $37.19.

Waystar Price Performance

Shares of WAY opened at $25.07 on Friday. The company has a quick ratio of 3.89, a current ratio of 1.41 and a debt-to-equity ratio of 0.38. The stock has a market cap of $4.81 billion, a PE ratio of 41.10, a PEG ratio of 0.95 and a beta of 0.75. Waystar Holding Corp. has a 12-month low of $21.13 and a 12-month high of $45.00. The business has a 50-day simple moving average of $29.15 and a two-hundred day simple moving average of $34.02.

Waystar (NASDAQ:WAY) last released its quarterly earnings data 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). Waystar had a net margin of 10.20% and a return on equity of 6.86%. The firm had revenue of $303.54 million during the quarter, compared to analyst estimates of $294.72 million. During the same period in the prior year, the company earned $0.29 EPS. The business’s quarterly revenue was up 24.3% compared to the same quarter last year. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. Analysts anticipate that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Waystar

In other news, CTO Christopher L. Schremser sold 8,623 shares of the firm’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $30.41, for a total transaction of $262,225.43. Following the completion of the transaction, the chief technology officer owned 422,371 shares of the company’s stock, valued at approximately $12,844,302.11. This trade represents a 2.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eric L. (Ric) Sinclair III sold 40,225 shares of Waystar stock in a transaction on Tuesday, January 20th. The stock was 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 approximately $14,282,766.08. This trade represents a 7.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 61,949 shares of company stock worth $1,916,380. 4.10% of the stock is currently owned by company insiders.

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.