Bain Capital Investors LLC Sells 4,811,510 Shares of Waystar Holding Corp. $WAY

Bain Capital Investors LLC decreased its position in shares of Waystar Holding Corp. (NASDAQ:WAY) by 26.6% during the 3rd quarter, Holdings Channel reports. The fund owned 13,243,539 shares of the company’s stock after selling 4,811,510 shares during the quarter. Waystar accounts for about 15.0% of Bain Capital Investors LLC’s investment portfolio, making the stock its 4th biggest holding. Bain Capital Investors LLC owned 0.07% of Waystar worth $502,195,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Salomon & Ludwin LLC bought a new stake in Waystar in the third quarter valued at approximately $25,000. ANTIPODES PARTNERS Ltd boosted its position in shares of Waystar by 120.1% during the third quarter. ANTIPODES PARTNERS Ltd now owns 823 shares of the company’s stock worth $31,000 after purchasing an additional 449 shares in the last quarter. First Horizon Corp acquired a new position in shares of Waystar in the 3rd quarter valued at $38,000. EverSource Wealth Advisors LLC grew its holdings in shares of Waystar by 3,219.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock valued at $57,000 after buying an additional 1,352 shares during the period. Finally, State of Wyoming increased its position in shares of Waystar by 45.1% in the 2nd quarter. State of Wyoming now owns 2,098 shares of the company’s stock valued at $86,000 after buying an additional 652 shares in the last quarter.

Insiders Place Their Bets

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 transaction 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 through this link. 4.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Freedom Capital raised Waystar from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 18th. Wall Street Zen downgraded Waystar from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. UBS Group started coverage on Waystar in a report on Monday, December 15th. They set a “buy” rating and a $41.00 price objective on the stock. TD Cowen reiterated a “buy” rating on shares of Waystar in a research report on Wednesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Waystar from $42.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday. Three investment 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 given a Sell rating to the company’s stock. According to MarketBeat, Waystar presently has a consensus rating of “Buy” and an average price target of $37.06.

Waystar Stock Performance

WAY opened at $24.16 on Friday. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 39.61, a P/E/G ratio of 0.94 and a beta of 0.80. The business’s 50-day moving average price is $26.97 and its two-hundred day moving average price is $32.97. 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.

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