William Blair Investment Management LLC Buys 23,822 Shares of Waystar Holding Corp. $WAY

William Blair Investment Management LLC increased its position in shares of Waystar Holding Corp. (NASDAQ:WAY) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,263,187 shares of the company’s stock after purchasing an additional 23,822 shares during the quarter. William Blair Investment Management LLC owned 2.75% of Waystar worth $199,580,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Ninepoint Partners LP bought a new stake in shares of Waystar during the 3rd quarter worth approximately $161,000. Artisan Partners Limited Partnership bought a new stake in Waystar during the third quarter worth $95,497,000. Xponance Inc. boosted its holdings in shares of Waystar by 20.8% in the 3rd quarter. Xponance Inc. now owns 8,604 shares of the company’s stock valued at $326,000 after purchasing an additional 1,484 shares in the last quarter. DNB Asset Management AS bought a new position in shares of Waystar in the 3rd quarter valued at $605,000. Finally, Hohimer Wealth Management LLC acquired a new position in shares of Waystar during the 3rd quarter worth $216,000.

Insider Activity

In related news, CTO Christopher L. Schremser sold 8,623 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $30.41, for a total value of $262,225.43. Following the sale, the chief technology officer directly owned 422,371 shares in the company, valued at $12,844,302.11. This represents a 2.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the firm’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 transaction, the insider owned 474,826 shares of the company’s stock, valued at approximately $14,282,766.08. The trade was a 7.81% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 58,549 shares of company stock valued at $1,790,580. Insiders own 4.10% of the company’s stock.

Waystar Trading Down 1.4%

WAY opened at $25.65 on Friday. The company’s 50 day moving average price is $28.40 and its two-hundred day moving average price is $33.69. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 42.05, a PEG ratio of 1.00 and a beta of 0.75. Waystar Holding Corp. has a fifty-two week low of $21.13 and a fifty-two week high of $45.00. 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 issued 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). The business had revenue of $303.54 million during the quarter, compared to the consensus estimate of $294.72 million. Waystar had a return on equity of 6.86% and a net margin of 10.20%.The business’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 EPS. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. As a group, research analysts predict that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Analyst Ratings Changes

WAY has been the topic of several research analyst reports. Wall Street Zen lowered Waystar from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. BMO Capital Markets decreased their price target on shares of Waystar from $47.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, February 18th. Needham & Company LLC lowered their price objective on shares of Waystar from $46.00 to $33.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Citigroup cut their target price on shares of Waystar from $46.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $41.00 price target on shares of Waystar in a report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $37.19.

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.