Lombard Odier Asset Management Europe Ltd Reduces Stock Position in Waystar Holding Corp. $WAY

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

Several other hedge funds have also recently made changes to their positions in the stock. Gabelli Funds LLC raised its stake in Waystar by 76.5% during the 1st quarter. Gabelli Funds LLC now owns 15,000 shares of the company’s stock valued at $362,000 after buying an additional 6,500 shares during the last quarter. Keebeck Wealth Management lifted its holdings in shares of Waystar by 13.5% during the 1st quarter. Keebeck Wealth Management now owns 14,759 shares of the company’s stock valued at $356,000 after buying an additional 1,752 shares during the period. Clarkston Capital Partners LLC purchased a new position in shares of Waystar in the 1st quarter worth $22,917,000. Sei Investments Co. boosted its stake in shares of Waystar by 33.5% in the 1st quarter. Sei Investments Co. now owns 370,818 shares of the company’s stock worth $8,940,000 after buying an additional 92,987 shares during the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Waystar by 10.0% in the first quarter. Cetera Investment Advisers now owns 12,294 shares of the company’s stock worth $296,000 after acquiring an additional 1,121 shares during the period.

Waystar Stock Performance

Shares of WAY opened at $22.51 on Monday. 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 business has a 50-day simple moving average of $20.45 and a two-hundred day simple moving average of $23.51. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 0.89 and a beta of 0.08. Waystar Holding Corp. has a 52 week low of $17.26 and a 52 week high of $41.47.

Waystar (NASDAQ:WAY) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The firm had revenue of $313.87 million for the quarter, compared to analysts’ expectations of $311.74 million. Waystar had a return on equity of 6.99% and a net margin of 10.90%.The business’s quarterly revenue was up 22.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 EPS. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. On average, analysts expect that Waystar Holding Corp. will post 1.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on WAY shares. Wall Street Zen cut Waystar from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Barclays cut their price target on Waystar from $36.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $32.00 price target on shares of Waystar in a research report on Thursday, April 30th. KeyCorp began coverage on shares of Waystar in a report on Wednesday, July 1st. They issued an “overweight” rating and a $30.00 price objective on the stock. Finally, UBS Group set a $34.00 price objective on shares of Waystar in a report on Monday, July 20th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.23.

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.