1,362,650 Shares in Waystar Holding Corp. $WAY Acquired by Norges Bank

Norges Bank purchased a new position in shares of Waystar Holding Corp. (NASDAQ:WAY) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 1,362,650 shares of the company’s stock, valued at approximately $44,627,000.

Several other large investors have also recently bought and sold shares of the company. SBI Okasan Asset Management Co.Ltd. acquired a new position in Waystar during the 4th quarter worth $191,000. Intech Investment Management LLC lifted its holdings in Waystar by 104.1% during the 4th quarter. Intech Investment Management LLC now owns 94,199 shares of the company’s stock worth $3,085,000 after buying an additional 48,051 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Waystar by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 3,398,053 shares of the company’s stock worth $111,300,000 after buying an additional 224,908 shares in the last quarter. King Luther Capital Management Corp lifted its holdings in Waystar by 67.0% during the 4th quarter. King Luther Capital Management Corp now owns 197,628 shares of the company’s stock worth $6,472,000 after buying an additional 79,303 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Waystar during the 4th quarter worth $170,000.

Analyst Upgrades and Downgrades

WAY has been the topic of several research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $33.00 price objective on shares of Waystar in a report on Thursday, April 30th. BMO Capital Markets reduced their price objective on Waystar from $47.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, February 18th. Barclays reduced their price objective on Waystar from $36.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. Evercore set a $27.00 price objective on Waystar in a report on Wednesday, February 18th. Finally, Bank of America reduced their price objective on Waystar from $45.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $35.62.

Waystar Stock Performance

WAY stock opened at $18.98 on Tuesday. The business’s fifty day moving average is $21.87 and its 200-day moving average is $26.61. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.37. The company has a market cap of $3.64 billion, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 0.79 and a beta of 0.11. Waystar Holding Corp. has a twelve month low of $17.89 and a twelve month high of $41.49.

Waystar (NASDAQ:WAY) last posted 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 the consensus estimate of $311.74 million. Waystar had a return on equity of 6.99% and a net margin of 10.90%.The firm’s quarterly revenue was up 22.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.32 EPS. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. Equities research analysts forecast that Waystar Holding Corp. will post 1.46 EPS 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.