Fortress Investment Group LLC Grows Stake in Waystar Holding Corp. $WAY

Fortress Investment Group LLC increased its position in Waystar Holding Corp. (NASDAQ:WAY) by 451.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 686,071 shares of the company’s stock after purchasing an additional 561,671 shares during the period. Waystar accounts for 3.5% of Fortress Investment Group LLC’s portfolio, making the stock its 8th biggest position. Fortress Investment Group LLC’s holdings in Waystar were worth $26,016,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WAY. Thrivent Financial for Lutherans boosted its holdings in shares of Waystar by 2,923.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 882,427 shares of the company’s stock valued at $33,461,000 after buying an additional 853,239 shares in the last quarter. Lisanti Capital Growth LLC bought a new position in shares of Waystar in the 3rd quarter worth about $4,002,000. Munro Partners lifted its position in Waystar by 107.5% during the 3rd quarter. Munro Partners now owns 178,890 shares of the company’s stock valued at $6,784,000 after acquiring an additional 92,695 shares during the period. Oak Ridge Investments LLC bought a new stake in Waystar during the third quarter worth about $2,139,000. Finally, New York State Common Retirement Fund grew its holdings in Waystar by 32.0% in the third quarter. New York State Common Retirement Fund now owns 515,946 shares of the company’s stock worth $19,565,000 after purchasing an additional 125,199 shares during the period.

Waystar Trading Down 1.8%

Shares of NASDAQ:WAY opened at $24.16 on Monday. 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 Holding Corp. has a 1 year low of $21.13 and a 1 year high of $42.55. The company has a market cap of $4.63 billion, a P/E ratio of 39.61, a PEG ratio of 0.94 and a beta of 0.80. The stock’s fifty day moving average price is $26.97 and its 200-day moving average price is $32.94.

Waystar (NASDAQ:WAY) last released its quarterly earnings data on Tuesday, February 17th. The company reported $0.36 EPS 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%.Waystar’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 earnings per share. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. Sell-side analysts expect that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Insider Activity at Waystar

In other news, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $30.08, for a total transaction of $1,209,968.00. Following the completion of the transaction, the insider directly owned 474,826 shares of the company’s stock, valued at $14,282,766.08. The trade was a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Zacks Research downgraded shares of Waystar from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Wells Fargo & Company cut their price target on Waystar from $41.00 to $36.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Loop Capital set a $33.00 price objective on Waystar in a research note on Wednesday, February 18th. Truist Financial cut their target price on Waystar from $51.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Waystar from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $37.06.

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.