Waystar Holding Corp. $WAY Shares Bought by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC boosted its stake in shares of Waystar Holding Corp. (NASDAQ:WAY) by 12.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 336,900 shares of the company’s stock after purchasing an additional 37,000 shares during the quarter. Waystar comprises approximately 0.8% of Main Street Financial Solutions LLC’s holdings, making the stock its 26th biggest position. Main Street Financial Solutions LLC’s holdings in Waystar were worth $11,033,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Waystar by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 12,330,872 shares of the company’s stock worth $403,836,000 after purchasing an additional 41,062 shares during the period. Advent International L.P. acquired a new stake in Waystar during the 4th quarter worth about $362,212,000. William Blair Investment Management LLC grew its position in Waystar by 0.4% during the 4th quarter. William Blair Investment Management LLC now owns 5,282,220 shares of the company’s stock worth $172,993,000 after purchasing an additional 19,033 shares during the period. State Street Corp grew its position in Waystar by 4.0% during the 4th quarter. State Street Corp now owns 4,134,052 shares of the company’s stock worth $135,390,000 after purchasing an additional 159,183 shares during the period. Finally, Alliancebernstein L.P. grew its position in Waystar by 4.5% during the 3rd quarter. Alliancebernstein L.P. now owns 3,415,442 shares of the company’s stock worth $129,514,000 after purchasing an additional 146,510 shares during the period.

Wall Street Analysts Forecast Growth

WAY has been the topic of several analyst reports. Freedom Capital raised Waystar from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Needham & Company LLC restated a “buy” rating and set a $33.00 target price on shares of Waystar in a research report on Thursday, April 30th. Raymond James Financial restated a “strong-buy” rating and set a $32.00 target price on shares of Waystar in a research report on Thursday, April 30th. JPMorgan Chase & Co. dropped their target price on Waystar from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Finally, Canaccord Genuity Group dropped their target price on Waystar from $54.00 to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $35.62.

Waystar Price Performance

NASDAQ:WAY opened at $18.25 on Thursday. Waystar Holding Corp. has a 52 week low of $17.75 and a 52 week high of $41.47. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $3.50 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 0.72 and a beta of 0.10. The stock’s 50-day moving average price is $21.16 and its 200-day moving average price is $25.75.

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

Waystar Company 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.