50,900 Shares in Waystar Holding Corp. $WAY Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in Waystar Holding Corp. (NASDAQ:WAY) during the first quarter, Holdings Channel reports. The fund purchased 50,900 shares of the company’s stock, valued at approximately $1,227,000.

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

Waystar Stock Performance

NASDAQ:WAY opened at $23.46 on Friday. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.37. The firm’s fifty day simple moving average is $20.20 and its 200 day simple moving average is $24.64. The stock has a market cap of $4.50 billion, a P/E ratio of 35.01, a price-to-earnings-growth ratio of 0.92 and a beta of 0.08. Waystar Holding Corp. has a twelve month low of $17.26 and a twelve month high of $41.47.

Waystar (NASDAQ:WAY) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. Waystar had a net margin of 10.90% and a return on equity of 6.99%. The business had revenue of $313.87 million during the quarter, compared to analyst estimates of $311.74 million. During the same period in the prior year, the business earned $0.32 EPS. The company’s revenue for the quarter 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, research analysts predict that Waystar Holding Corp. will post 1.46 EPS for the current year.

Analysts Set New Price Targets

WAY has been the topic of a number of recent analyst reports. Citigroup cut their price target on shares of Waystar from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Weiss Ratings lowered shares of Waystar from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, June 24th. Raymond James Financial reiterated a “strong-buy” rating and set a $32.00 target price on shares of Waystar in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reduced 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. Finally, Morgan Stanley initiated coverage on Waystar in a research report on Monday, March 30th. They set an “equal weight” rating and a $28.00 price target for the company. Four analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Waystar presently has an average rating of “Buy” and an average price target of $35.36.

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.