Penn Capital Management Company LLC Sells 29,531 Shares of Waystar Holding Corp. $WAY

Penn Capital Management Company LLC lowered its stake in Waystar Holding Corp. (NASDAQ:WAY) by 5.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 466,935 shares of the company’s stock after selling 29,531 shares during the period. Waystar accounts for 1.4% of Penn Capital Management Company LLC’s holdings, making the stock its 17th largest holding. Penn Capital Management Company LLC owned approximately 0.24% of Waystar worth $17,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada increased its holdings in shares of Waystar by 11.3% during the first quarter. Royal Bank of Canada now owns 21,609 shares of the company’s stock worth $808,000 after buying an additional 2,195 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Waystar during the 1st quarter valued at $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Waystar by 91.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,911 shares of the company’s stock valued at $1,753,000 after acquiring an additional 22,364 shares in the last quarter. NewEdge Advisors LLC bought a new stake in Waystar during the 1st quarter worth $234,000. Finally, Goldman Sachs Group Inc. grew its position 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 acquiring an additional 88,256 shares during the last quarter.

Waystar Stock Up 0.6%

Shares of NASDAQ:WAY opened at $24.75 on Wednesday. The firm has a market cap of $4.74 billion, a P/E ratio of 40.57, a P/E/G ratio of 0.96 and a beta of 0.80. Waystar Holding Corp. has a 12-month low of $21.13 and a 12-month high of $42.55. The business has a fifty day simple moving average of $26.68 and a 200 day simple moving average of $32.75. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.38.

Waystar (NASDAQ:WAY) last released its quarterly earnings results on Tuesday, February 17th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The company had revenue of $303.54 million during the quarter, compared to the consensus estimate of $294.72 million. Waystar had a net margin of 10.20% and a return on equity of 6.86%. The company’s quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 EPS. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. Analysts predict that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Insider Buying and Selling

In other Waystar news, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $30.08, for a total transaction of $1,209,968.00. Following the completion of the sale, the insider owned 474,826 shares of the company’s stock, valued at approximately $14,282,766.08. This represents a 7.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on WAY. Deutsche Bank Aktiengesellschaft dropped their target price on Waystar from $42.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. TD Cowen reaffirmed a “buy” rating on shares of Waystar in a research note on Wednesday, February 18th. Mizuho set a $42.00 price objective on shares of Waystar in a report on Wednesday, February 4th. Freedom Capital upgraded shares of Waystar from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Finally, BMO Capital Markets reduced their target price on shares of Waystar from $47.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, February 18th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Waystar presently has an average rating of “Buy” and an average target price of $37.06.

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.