Thrivent Financial for Lutherans Boosts Stock Position in Waystar Holding Corp. $WAY

Thrivent Financial for Lutherans grew its holdings in Waystar Holding Corp. (NASDAQ:WAY) by 58.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,399,429 shares of the company’s stock after buying an additional 517,002 shares during the period. Thrivent Financial for Lutherans’ holdings in Waystar were worth $45,831,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Waystar by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 12,330,872 shares of the company’s stock worth $403,836,000 after acquiring an additional 41,062 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in Waystar by 0.5% in the third quarter. William Blair Investment Management LLC now owns 5,263,187 shares of the company’s stock worth $199,580,000 after acquiring an additional 23,822 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Waystar by 4.5% in the third quarter. Alliancebernstein L.P. now owns 3,415,442 shares of the company’s stock worth $129,514,000 after acquiring an additional 146,510 shares in the last quarter. Invesco Ltd. boosted its holdings in Waystar by 63.0% in the third quarter. Invesco Ltd. now owns 3,130,230 shares of the company’s stock worth $118,698,000 after acquiring an additional 1,209,276 shares in the last quarter. Finally, Artisan Partners Limited Partnership acquired a new stake in Waystar in the third quarter worth about $95,497,000.

Waystar Trading Down 4.8%

Waystar stock opened at $17.93 on Friday. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.37. Waystar Holding Corp. has a 52 week low of $17.89 and a 52 week high of $41.49. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 0.71 and a beta of 0.21. The stock has a 50-day moving average price of $23.51 and a 200 day moving average price of $28.58.

Waystar (NASDAQ:WAY) last released its earnings results on Wednesday, April 29th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $311.74 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue was up 22.4% compared to the same quarter last year. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. Sell-side analysts anticipate that Waystar Holding Corp. will post 1.45 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Jefferies Financial Group reissued a “buy” rating and issued a $41.00 price target on shares of Waystar in a report on Wednesday, February 18th. UBS Group lowered their price target on Waystar from $41.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, April 30th. BMO Capital Markets lowered their price target on Waystar from $47.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Bank of America lowered their price target on Waystar from $45.00 to $38.00 and set a “buy” rating for the company in a report on Friday, April 10th. Finally, The Goldman Sachs Group lowered their price target on Waystar from $44.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $36.14.

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.