Teachers Retirement System of The State of Kentucky Invests $948,000 in Waystar Holding Corp. $WAY

Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY) in the third quarter, HoldingsChannel reports. The fund acquired 25,000 shares of the company’s stock, valued at approximately $948,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Waystar by 35.5% during the third quarter. Vanguard Group Inc. now owns 12,289,810 shares of the company’s stock worth $466,030,000 after purchasing an additional 3,219,586 shares during the period. Alliancebernstein L.P. raised its position in shares of Waystar by 3,883.4% in 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 during the period. Artisan Partners Limited Partnership acquired a new stake in shares of Waystar in the third quarter worth $95,497,000. JPMorgan Chase & Co. boosted its holdings in shares of Waystar by 152.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,489,572 shares of the company’s stock worth $94,405,000 after buying an additional 1,504,026 shares during the period. Finally, Norges Bank bought a new stake in shares of Waystar during the 2nd quarter worth $46,577,000.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WAY. Jefferies Financial Group reiterated a “buy” rating and issued a $41.00 target price on shares of Waystar in a report on Wednesday, February 18th. BMO Capital Markets decreased their price target on shares of Waystar from $47.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Wall Street Zen downgraded Waystar from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. TD Cowen reiterated a “buy” rating on shares of Waystar in a research note on Wednesday, February 18th. Finally, Evercore set a $27.00 price objective on Waystar in a research report on Wednesday, February 18th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $37.06.

Waystar Trading Down 3.3%

Shares of Waystar stock opened at $25.71 on Friday. Waystar Holding Corp. has a 1 year low of $21.13 and a 1 year high of $42.55. The company’s fifty day simple moving average is $27.75 and its 200-day simple moving average is $33.38. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 42.15, a PEG ratio of 1.04 and a beta of 0.80. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.38.

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

Insider Transactions at Waystar

In other Waystar news, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $30.08, for a total value of $1,209,968.00. Following the completion of the transaction, the insider owned 474,826 shares of the company’s stock, valued at $14,282,766.08. This represents a 7.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Christopher L. Schremser sold 8,623 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $30.41, for a total value of $262,225.43. Following the completion of the sale, the chief technology officer owned 422,371 shares of the company’s stock, valued at $12,844,302.11. This represents a 2.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 58,549 shares of company stock valued at $1,790,580 in the last ninety days. 4.10% of the stock is owned by company insiders.

About Waystar

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.