Legal & General Group Plc Decreases Stock Holdings in Waystar Holding Corp. $WAY

Legal & General Group Plc decreased its holdings in shares of Waystar Holding Corp. (NASDAQ:WAY) by 11.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 270,414 shares of the company’s stock after selling 34,702 shares during the quarter. Legal & General Group Plc owned about 0.14% of Waystar worth $8,856,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of WAY. Royal Bank of Canada raised its stake in Waystar by 11.3% during the first quarter. Royal Bank of Canada now owns 21,609 shares of the company’s stock valued at $808,000 after purchasing an additional 2,195 shares in the last quarter. AQR Capital Management LLC purchased a new stake in Waystar during the first quarter valued at $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Waystar by 91.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,911 shares of the company’s stock valued at $1,753,000 after purchasing an additional 22,364 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in Waystar during the first quarter valued at $234,000. Finally, Goldman Sachs Group Inc. raised its stake in Waystar by 13.4% during the first quarter. Goldman Sachs Group Inc. now owns 747,268 shares of the company’s stock valued at $27,918,000 after purchasing an additional 88,256 shares in the last quarter.

Waystar Trading Up 3.6%

Shares of WAY opened at $20.22 on Friday. Waystar Holding Corp. has a twelve month low of $17.89 and a twelve month high of $41.49. The company has a market cap of $3.88 billion, a P/E ratio of 30.18, a P/E/G ratio of 0.77 and a beta of 0.10. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.37. The company’s fifty day simple moving average is $22.07 and its 200-day simple moving average is $26.82.

Waystar (NASDAQ:WAY) last announced its earnings results on Wednesday, April 29th. The company reported $0.42 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $311.74 million. During the same quarter in the prior year, the firm posted $0.32 earnings per share. The business’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, analysts expect that Waystar Holding Corp. will post 1.45 EPS for the current year.

Wall Street Analyst Weigh In

WAY has been the topic of a number of recent research reports. Bank of America decreased their price target on shares of Waystar from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. JPMorgan Chase & Co. decreased their price target on shares of Waystar from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Loop Capital set a $33.00 price target on shares of Waystar in a research note on Wednesday, February 18th. Wells Fargo & Company reduced their target price on shares of Waystar from $41.00 to $36.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $32.00 target price on shares of Waystar in a research note on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $35.62.

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.