William Blair Investment Management LLC Has $199.58 Million Stock Position in Waystar Holding Corp. $WAY

William Blair Investment Management LLC boosted its holdings in Waystar Holding Corp. (NASDAQ:WAY) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,263,187 shares of the company’s stock after purchasing an additional 23,822 shares during the quarter. William Blair Investment Management LLC’s holdings in Waystar were worth $199,580,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Nisa Investment Advisors LLC increased its stake in shares of Waystar by 50.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,065 shares of the company’s stock valued at $44,000 after acquiring an additional 358 shares in the last quarter. ANTIPODES PARTNERS Ltd increased its stake in Waystar by 120.1% in the third quarter. ANTIPODES PARTNERS Ltd now owns 823 shares of the company’s stock valued at $31,000 after purchasing an additional 449 shares in the last quarter. BCS Private Wealth Management Inc. raised its holdings in shares of Waystar by 8.4% during the third quarter. BCS Private Wealth Management Inc. now owns 7,455 shares of the company’s stock valued at $283,000 after purchasing an additional 575 shares during the period. Carnegie Investment Counsel boosted its position in shares of Waystar by 9.4% during the 3rd quarter. Carnegie Investment Counsel now owns 7,002 shares of the company’s stock worth $266,000 after purchasing an additional 600 shares in the last quarter. Finally, State of Wyoming grew its stake in shares of Waystar by 45.1% in the 2nd quarter. State of Wyoming now owns 2,098 shares of the company’s stock valued at $86,000 after buying an additional 652 shares during the period.

Waystar Trading Down 1.4%

Shares of Waystar stock opened at $25.65 on Friday. The company has a market capitalization of $4.92 billion, a P/E ratio of 42.05, a price-to-earnings-growth ratio of 1.00 and a beta of 0.75. The stock has a fifty day simple moving average of $28.40 and a 200 day simple moving average of $33.69. Waystar Holding Corp. has a 12-month low of $21.13 and a 12-month high of $45.00. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.38.

Waystar (NASDAQ:WAY) last posted its quarterly earnings data on Tuesday, February 17th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The firm had revenue of $303.54 million for the quarter, compared to analysts’ expectations of $294.72 million. Waystar had a return on equity of 6.86% and a net margin of 10.20%.Waystar’s revenue was up 24.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 earnings per share. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. On average, sell-side analysts anticipate that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WAY. Loop Capital set a $33.00 price target on Waystar in a research note on Wednesday, February 18th. Citigroup cut their target price on Waystar from $46.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Mizuho set a $42.00 price target on shares of Waystar in a research note on Wednesday, February 4th. The Goldman Sachs Group lowered their price objective on shares of Waystar from $44.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Finally, Freedom Capital upgraded shares of Waystar from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Waystar currently has an average rating of “Buy” and an average price target of $37.19.

Insider Transactions 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 stock was sold at an average price of $30.08, for a total value of $1,209,968.00. Following the transaction, the insider owned 474,826 shares in the company, valued at $14,282,766.08. The trade was a 7.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Christopher L. Schremser sold 8,623 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $30.41, for a total value of $262,225.43. Following the completion of the transaction, the chief technology officer directly owned 422,371 shares of the company’s stock, valued at approximately $12,844,302.11. This represents a 2.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 58,549 shares of company stock valued at $1,790,580 over the last ninety days. 4.10% of the stock is currently owned by insiders.

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.