Penn Capital Management Company LLC Trims Holdings in Waystar Holding Corp. $WAY

Penn Capital Management Company LLC reduced its holdings in shares of Waystar Holding Corp. (NASDAQ:WAY) by 41.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 272,798 shares of the company’s stock after selling 194,137 shares during the period. Penn Capital Management Company LLC’s holdings in Waystar were worth $8,958,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ANTIPODES PARTNERS Ltd boosted its stake in shares of Waystar by 120.1% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 823 shares of the company’s stock valued at $31,000 after buying an additional 449 shares during the last quarter. Danske Bank A S purchased a new position in shares of Waystar during the 4th quarter valued at approximately $52,000. EverSource Wealth Advisors LLC boosted its stake in shares of Waystar by 3,219.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock valued at $57,000 after buying an additional 1,352 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Waystar by 613.4% during the 4th quarter. GAMMA Investing LLC now owns 1,762 shares of the company’s stock valued at $58,000 after buying an additional 1,515 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of Waystar during the 4th quarter valued at approximately $77,000.

Waystar Stock Performance

Shares of WAY opened at $19.72 on Wednesday. The business’s fifty day moving average price is $22.68 and its 200 day moving average price is $27.61. Waystar Holding Corp. has a 12-month low of $17.89 and a 12-month high of $41.49. The stock has a market capitalization of $3.78 billion, a PE ratio of 29.43, a price-to-earnings-growth ratio of 0.77 and a beta of 0.21. 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 data 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 firm had revenue of $313.87 million for the quarter, compared to analysts’ expectations of $311.74 million. During the same period last year, the business posted $0.32 earnings per share. The firm’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. Equities research analysts forecast that Waystar Holding Corp. will post 1.45 EPS for the current year.

Analyst Ratings Changes

WAY has been the subject of several research analyst reports. Canaccord Genuity Group reduced their target price on Waystar from $54.00 to $30.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Raymond James Financial reiterated a “strong-buy” rating and set a $32.00 target price on shares of Waystar in a research note on Thursday, April 30th. Morgan Stanley started coverage on Waystar in a research note on Monday, March 30th. They set an “equal weight” rating and a $28.00 price objective on the stock. Weiss Ratings upgraded Waystar from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Finally, Citigroup reduced their price objective on Waystar from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Three 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $35.62.

Waystar Company 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.