Louisiana State Employees Retirement System Invests $1.23 Million in Waystar Holding Corp. $WAY

Louisiana State Employees Retirement System acquired a new stake in Waystar Holding Corp. (NASDAQ:WAY) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 50,900 shares of the company’s stock, valued at approximately $1,227,000.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of Waystar by 152.6% during the third quarter. JPMorgan Chase & Co. now owns 2,489,572 shares of the company’s stock worth $94,405,000 after purchasing an additional 1,504,026 shares in the last quarter. Farallon Capital Management LLC lifted its position in Waystar by 22.3% during the third quarter. Farallon Capital Management LLC now owns 750,000 shares of the company’s stock valued at $28,440,000 after purchasing an additional 137,000 shares during the last quarter. Alliancebernstein L.P. lifted its position in Waystar by 4.5% during the third quarter. Alliancebernstein L.P. now owns 3,415,442 shares of the company’s stock valued at $129,514,000 after purchasing an additional 146,510 shares during the last quarter. Fortress Investment Group LLC grew its stake in Waystar by 451.5% in the 3rd quarter. Fortress Investment Group LLC now owns 686,071 shares of the company’s stock worth $26,016,000 after buying an additional 561,671 shares in the last quarter. Finally, Capricorn Fund Managers Ltd grew its stake in Waystar by 46.2% in the 4th quarter. Capricorn Fund Managers Ltd now owns 738,263 shares of the company’s stock worth $24,178,000 after buying an additional 233,141 shares in the last quarter.

Analyst Upgrades and Downgrades

WAY has been the topic of several research reports. UBS Group lowered their price objective on shares of Waystar from $41.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. JPMorgan Chase & Co. cut their target price on shares of Waystar from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Weiss Ratings cut Waystar from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, June 24th. Wall Street Zen downgraded Waystar from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $32.00 price target on shares of Waystar in a research note on Thursday, April 30th. Four research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Waystar presently has an average rating of “Buy” and a consensus price target of $35.36.

Waystar Stock Performance

WAY stock opened at $23.46 on Friday. The company has a market capitalization of $4.50 billion, a PE ratio of 35.01, a price-to-earnings-growth ratio of 0.92 and a beta of 0.08. 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 Holding Corp. has a one year low of $17.26 and a one year high of $41.47. The company’s 50 day moving average price is $20.20 and its two-hundred day moving average price is $24.64.

Waystar (NASDAQ:WAY) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Waystar had a net margin of 10.90% and a return on equity of 6.99%. The company had revenue of $313.87 million during the quarter, compared to analysts’ expectations of $311.74 million. During the same quarter in the prior year, the company earned $0.32 EPS. The firm’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. As a group, 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.