Smith Group Asset Management LLC Has $357,000 Stake in Waystar Holding Corp. $WAY

Smith Group Asset Management LLC lowered its position in shares of Waystar Holding Corp. (NASDAQ:WAY) by 68.9% during the first quarter, HoldingsChannel.com reports. The fund owned 14,794 shares of the company’s stock after selling 32,830 shares during the quarter. Smith Group Asset Management LLC’s holdings in Waystar were worth $357,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of WAY. Root Financial Partners LLC lifted its stake in shares of Waystar by 6,475.0% in the 1st quarter. Root Financial Partners LLC now owns 1,052 shares of the company’s stock valued at $25,000 after purchasing an additional 1,036 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Waystar by 6,005.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,160 shares of the company’s stock valued at $38,000 after purchasing an additional 1,141 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Waystar by 3,219.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock worth $57,000 after purchasing an additional 1,352 shares during the period. Danske Bank A S acquired a new stake in Waystar during the fourth quarter worth approximately $52,000. Finally, GAMMA Investing LLC increased its holdings in Waystar by 613.4% in the fourth quarter. GAMMA Investing LLC now owns 1,762 shares of the company’s stock worth $58,000 after purchasing an additional 1,515 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $33.00 price target on shares of Waystar in a research note on Thursday, April 30th. UBS Group set a $34.00 price objective on shares of Waystar in a research report on Monday, July 20th. Raymond James Financial reiterated a “strong-buy” rating and issued a $32.00 price objective on shares of Waystar in a research note on Thursday, April 30th. Weiss Ratings downgraded shares of Waystar from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, June 24th. Finally, Barclays cut their target price on shares of Waystar from $36.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 20th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Waystar presently has an average rating of “Moderate Buy” and a consensus target price of $35.23.

More Waystar News

Here are the key news stories impacting Waystar this week:

• Positive Sentiment: Q2 earnings and revenue beat expectations. Waystar reported adjusted earnings of $0.43 per share, above the $0.40 consensus estimate and up from $0.36 a year earlier. Revenue reached $319.7 million, exceeding expectations of $316.2 million and rising 18.1% year over year. Waystar Holding Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Profitability remained strong. Second-quarter net income was $40.9 million, while non-GAAP net income was $83.3 million. Waystar reported a 43% adjusted EBITDA margin and a 13% net income margin, supporting the investment case for its healthcare payment software business. Waystar Reports Second Quarter 2026 Results
• Positive Sentiment: Full-year operating guidance was raised. Management increased its 2026 revenue and adjusted EBITDA outlook. Revenue guidance of approximately $1.3 billion is broadly in line with analyst expectations, suggesting the main upside comes from improved profitability and execution. Waystar Q2 2026 Earnings Call Transcript
• Neutral Sentiment: New CFO appointed. Alpana Wegner will become chief financial officer on August 1. Her technology-sector experience could support Waystar’s growth and value-creation strategy, although the leadership transition itself does not immediately change earnings. Waystar Announces Appointment of Alpana Wegner as Chief Financial Officer

Waystar Trading Up 3.5%

WAY opened at $24.52 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.76 and a quick ratio of 1.76. Waystar Holding Corp. has a fifty-two week low of $17.26 and a fifty-two week high of $41.47. The firm has a market capitalization of $4.70 billion, a PE ratio of 36.60, a P/E/G ratio of 0.93 and a beta of 0.08. The company’s 50-day moving average is $20.73 and its 200 day moving average is $23.31.

Waystar (NASDAQ:WAY) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The business had revenue of $319.67 million during the quarter, compared to the consensus estimate of $316.21 million. Waystar had a return on equity of 6.99% and a net margin of 10.90%.The company’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 EPS. As a group, research analysts predict that Waystar Holding Corp. will post 1.46 earnings per share for the current fiscal year.

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.