Intech Investment Management LLC Raises Stock Position in Waystar Holding Corp. $WAY

Intech Investment Management LLC raised its stake in Waystar Holding Corp. (NASDAQ:WAY) by 104.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 94,199 shares of the company’s stock after buying an additional 48,051 shares during the period. Intech Investment Management LLC’s holdings in Waystar were worth $3,085,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in WAY. Vanguard Group Inc. increased its holdings in Waystar by 35.5% in the third quarter. Vanguard Group Inc. now owns 12,289,810 shares of the company’s stock valued at $466,030,000 after buying an additional 3,219,586 shares in the last quarter. Alliancebernstein L.P. increased its holdings in 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 buying an additional 3,186,869 shares in the last quarter. Artisan Partners Limited Partnership purchased a new position in Waystar in the third quarter valued at about $95,497,000. Alyeska Investment Group L.P. increased its holdings in Waystar by 4,717.4% in the third quarter. Alyeska Investment Group L.P. now owns 1,814,648 shares of the company’s stock valued at $68,811,000 after buying an additional 1,776,979 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Waystar by 152.6% in the third quarter. JPMorgan Chase & Co. now owns 2,489,572 shares of the company’s stock valued at $94,405,000 after buying an additional 1,504,026 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have recently weighed in on WAY. UBS Group dropped their price objective on shares of Waystar from $41.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Evercore set a $27.00 price objective on shares of Waystar in a research note on Wednesday, February 18th. Barclays dropped their price objective on shares of Waystar from $36.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Needham & Company LLC reissued a “buy” rating and set a $33.00 price objective on shares of Waystar in a research note on Thursday, April 30th. Finally, Loop Capital set a $33.00 price objective on shares of Waystar in a research note on Wednesday, February 18th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $35.62.

Waystar Stock Down 5.0%

Shares of WAY opened at $20.82 on Wednesday. The firm has a market cap of $3.99 billion, a PE ratio of 31.07, a price-to-earnings-growth ratio of 0.87 and a beta of 0.10. The company’s fifty day moving average is $22.31 and its two-hundred day moving average is $27.16. Waystar Holding Corp. has a fifty-two week low of $17.89 and a fifty-two week high of $41.49. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.37.

Waystar (NASDAQ:WAY) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $313.87 million for the quarter, compared to analyst estimates of $311.74 million. Waystar had a net margin of 10.90% and a return on equity of 6.99%. Waystar’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same quarter last year, the business earned $0.32 EPS. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. Analysts forecast that Waystar Holding Corp. will post 1.45 earnings per share for the current 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.