Mawer Investment Management Ltd. Takes $11.06 Million Position in Waystar Holding Corp. $WAY

Mawer Investment Management Ltd. purchased a new position in shares of Waystar Holding Corp. (NASDAQ:WAY) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 337,732 shares of the company’s stock, valued at approximately $11,061,000.

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

Waystar Stock Up 10.1%

Shares of NASDAQ WAY opened at $21.92 on Tuesday. Waystar Holding Corp. has a 52-week low of $17.89 and a 52-week high of $41.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.76 and a current ratio of 1.76. The stock has a market cap of $4.20 billion, a P/E ratio of 32.72, a P/E/G ratio of 0.79 and a beta of 0.11. The firm has a 50 day moving average price of $22.31 and a 200 day moving average price of $27.16.

Waystar (NASDAQ:WAY) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $313.87 million for the quarter, compared to analysts’ expectations of $311.74 million. Waystar had a net margin of 10.90% and a return on equity of 6.99%. The business’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period last year, the firm posted $0.32 earnings per share. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. Analysts expect that Waystar Holding Corp. will post 1.45 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Freedom Capital upgraded Waystar from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Bank of America cut their price target on Waystar from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Deutsche Bank Aktiengesellschaft decreased their price target on Waystar from $42.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. TD Cowen reiterated a “buy” rating on shares of Waystar in a research report on Wednesday, February 18th. Finally, BMO Capital Markets dropped their price objective on Waystar from $47.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. 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 stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $35.62.

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.