Waystar Holding Corp. $WAY Stock Holdings Trimmed by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd lessened its position in shares of Waystar Holding Corp. (NASDAQ:WAY) by 42.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,000 shares of the company’s stock after selling 29,000 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Waystar were worth $964,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada raised its position in shares of Waystar by 11.3% during the 1st quarter. Royal Bank of Canada now owns 21,609 shares of the company’s stock valued at $808,000 after acquiring an additional 2,195 shares in the last quarter. AQR Capital Management LLC acquired a new position in Waystar in the first quarter worth $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Waystar by 91.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,911 shares of the company’s stock worth $1,753,000 after purchasing an additional 22,364 shares during the period. NewEdge Advisors LLC bought a new stake in Waystar during the first quarter valued at $234,000. Finally, Goldman Sachs Group Inc. increased its stake in Waystar by 13.4% during the first quarter. Goldman Sachs Group Inc. now owns 747,268 shares of the company’s stock valued at $27,918,000 after purchasing an additional 88,256 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have recently issued reports on WAY. Wall Street Zen downgraded shares of Waystar from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. KeyCorp reaffirmed an “overweight” rating on shares of Waystar in a research report on Friday. Weiss Ratings lowered shares of Waystar from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, June 24th. Citigroup reissued a “buy” rating on shares of Waystar in a report on Monday, July 20th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $32.00 target price on shares of Waystar in a research note on Thursday, April 30th. Three 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.14.

Waystar Stock Performance

WAY stock opened at $22.66 on Tuesday. Waystar Holding Corp. has a 1 year low of $17.26 and a 1 year high of $41.47. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 32.37, a PEG ratio of 0.82 and a beta of 0.06. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.85 and a current ratio of 1.85. The stock’s fifty day moving average is $20.86 and its two-hundred day moving average is $23.09.

Waystar (NASDAQ:WAY) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. Waystar had a net margin of 11.18% and a return on equity of 7.03%. The business had revenue of $319.67 million during the quarter, compared to analyst estimates of $316.21 million. During the same quarter in the prior year, the firm earned $0.36 earnings per share. The company’s quarterly revenue was up 18.1% on a year-over-year basis. On average, research analysts predict that Waystar Holding Corp. will post 1.47 EPS for the current year.

Waystar Company 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.