King Luther Capital Management Corp Has $6.47 Million Stock Holdings in Waystar Holding Corp. $WAY

King Luther Capital Management Corp lifted its holdings in shares of Waystar Holding Corp. (NASDAQ:WAY) by 67.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 197,628 shares of the company’s stock after buying an additional 79,303 shares during the period. King Luther Capital Management Corp owned about 0.10% of Waystar worth $6,472,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. New Age Alpha Advisors LLC acquired a new position in shares of Waystar during the 4th quarter worth about $170,000. William Blair Investment Management LLC boosted its stake in shares of 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 buying an additional 19,033 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Waystar by 61.2% during the 4th quarter. Handelsbanken Fonder AB now owns 24,500 shares of the company’s stock worth $802,000 after buying an additional 9,300 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Waystar by 3.7% during the 4th quarter. ProShare Advisors LLC now owns 21,474 shares of the company’s stock worth $703,000 after buying an additional 764 shares during the last quarter. Finally, Gabelli Funds LLC acquired a new position in shares of Waystar during the 4th quarter worth about $278,000.

Waystar Trading Down 3.3%

Shares of NASDAQ:WAY opened at $19.06 on Thursday. Waystar Holding Corp. has a 52-week low of $17.89 and a 52-week high of $41.49. The company has a market capitalization of $3.66 billion, a P/E ratio of 28.45, a price-to-earnings-growth ratio of 0.78 and a beta of 0.21. The company has a 50-day simple moving average of $22.57 and a 200 day simple moving average of $27.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.76 and a current ratio of 1.76.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on WAY. Barclays reduced 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. TD Cowen restated a “buy” rating on shares of Waystar in a research note on Wednesday, February 18th. Leerink Partners assumed coverage on shares of Waystar in a research note on Monday, February 2nd. They issued an “outperform” rating and a $43.00 target price for the company. Wells Fargo & Company cut their target price on shares of Waystar from $41.00 to $36.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Finally, Evercore set a $27.00 target price 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 issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $35.62.

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.