Envestnet Asset Management Inc. Raises Stock Holdings in Waystar Holding Corp. $WAY

Envestnet Asset Management Inc. raised its position in shares of Waystar Holding Corp. (NASDAQ:WAY) by 252.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,873 shares of the company’s stock after buying an additional 47,912 shares during the period. Envestnet Asset Management Inc.’s holdings in Waystar were worth $2,536,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Alliancebernstein L.P. increased its holdings in Waystar by 3,883.4% during the 2nd quarter. Alliancebernstein L.P. now owns 3,268,932 shares of the company’s stock valued at $133,601,000 after purchasing an additional 3,186,869 shares during the period. Geode Capital Management LLC increased its stake in shares of Waystar by 14.9% during the second quarter. Geode Capital Management LLC now owns 2,376,932 shares of the company’s stock valued at $97,155,000 after buying an additional 309,119 shares during the period. Bank of America Corp DE raised its holdings in shares of Waystar by 10.7% during the second quarter. Bank of America Corp DE now owns 2,087,680 shares of the company’s stock valued at $85,323,000 after acquiring an additional 201,262 shares in the last quarter. State Street Corp lifted its stake in Waystar by 28.8% in the second quarter. State Street Corp now owns 2,017,593 shares of the company’s stock worth $82,459,000 after acquiring an additional 451,262 shares during the period. Finally, Voya Investment Management LLC boosted its holdings in Waystar by 143.2% in the third quarter. Voya Investment Management LLC now owns 1,426,330 shares of the company’s stock valued at $54,086,000 after acquiring an additional 839,759 shares in the last quarter.

Insider Activity

In other Waystar news, CTO Christopher L. Schremser sold 8,623 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $30.41, for a total transaction of $262,225.43. Following the completion of the sale, the chief technology officer directly owned 422,371 shares in the company, valued at $12,844,302.11. The trade was a 2.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the firm’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 transaction of $1,209,968.00. Following the completion of the transaction, the insider directly owned 474,826 shares in the company, valued at approximately $14,282,766.08. The trade was a 7.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 58,549 shares of company stock worth $1,790,580 over the last three months. Insiders own 4.10% of the company’s stock.

Waystar Price Performance

Shares of NASDAQ:WAY opened at $26.02 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market cap of $4.99 billion, a price-to-earnings ratio of 42.66, a price-to-earnings-growth ratio of 0.95 and a beta of 0.75. The business has a 50-day simple moving average of $28.55 and a two-hundred day simple moving average of $33.76. Waystar Holding Corp. has a fifty-two week low of $21.13 and a fifty-two week high of $45.00.

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

Analyst Ratings Changes

Several brokerages have commented on WAY. Barclays lowered their price objective on shares of Waystar from $42.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Weiss Ratings restated a “hold (c)” rating on shares of Waystar in a research report on Wednesday, January 21st. TD Cowen reaffirmed a “buy” rating on shares of Waystar in a research note on Wednesday, February 18th. Leerink Partners began coverage on Waystar in a research report on Monday, February 2nd. They set an “outperform” rating and a $43.00 price objective for the company. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $41.00 target price on shares of Waystar in a research report on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Waystar presently has a consensus rating of “Buy” and an average target price of $37.19.

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.