Hsbc Holdings PLC Acquires Shares of 233,366 Waystar Holding Corp. $WAY

Hsbc Holdings PLC acquired a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY) in the first quarter, HoldingsChannel.com reports. The fund acquired 233,366 shares of the company’s stock, valued at approximately $5,625,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capricorn Fund Managers Ltd raised its position in shares of Waystar by 46.2% during the fourth quarter. Capricorn Fund Managers Ltd now owns 738,263 shares of the company’s stock worth $24,178,000 after acquiring an additional 233,141 shares during the last quarter. Renaissance Capital LLC bought a new stake in Waystar in the fourth quarter valued at approximately $2,273,000. Fort Washington Investment Advisors Inc. OH bought a new stake in Waystar in the fourth quarter valued at approximately $20,987,000. Advisors Preferred LLC acquired a new stake in Waystar during the 4th quarter valued at approximately $3,975,000. Finally, Louisiana State Employees Retirement System acquired a new stake in Waystar during the 1st quarter valued at approximately $1,227,000.

Waystar Stock Performance

Shares of Waystar stock opened at $21.58 on Friday. Waystar Holding Corp. has a one year low of $17.26 and a one year high of $41.47. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 0.82 and a beta of 0.08. The business has a 50-day simple moving average of $20.36 and a 200 day simple moving average of $23.58. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.76 and a quick ratio of 1.76.

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

Analyst Upgrades and Downgrades

WAY has been the topic of a number of recent analyst reports. Bank of America dropped their price target on shares of Waystar from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. UBS Group set a $34.00 target price on shares of Waystar in a research note on Monday. Weiss Ratings lowered shares of Waystar from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, June 24th. Citigroup reaffirmed a “buy” rating on shares of Waystar in a research report on Monday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $33.00 price objective on shares of Waystar in a research report on Thursday, April 30th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.