Waystar Holding Corp. $WAY Shares Sold by Bain Capital Investors LLC

Bain Capital Investors LLC trimmed its holdings in Waystar Holding Corp. (NASDAQ:WAY) by 26.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,243,539 shares of the company’s stock after selling 4,811,510 shares during the quarter. Waystar comprises 15.0% of Bain Capital Investors LLC’s portfolio, making the stock its 4th biggest holding. Bain Capital Investors LLC owned about 6.92% of Waystar worth $502,195,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WAY. Vanguard Group Inc. increased its position in Waystar by 35.5% in the 3rd quarter. Vanguard Group Inc. now owns 12,289,810 shares of the company’s stock valued at $466,030,000 after acquiring an additional 3,219,586 shares in the last quarter. William Blair Investment Management LLC lifted its position in shares of Waystar by 0.5% during the third quarter. William Blair Investment Management LLC now owns 5,263,187 shares of the company’s stock worth $199,580,000 after purchasing an additional 23,822 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Waystar by 4.5% during the third quarter. Alliancebernstein L.P. now owns 3,415,442 shares of the company’s stock worth $129,514,000 after purchasing an additional 146,510 shares in the last quarter. Invesco Ltd. grew its stake in shares of Waystar by 63.0% during the third quarter. Invesco Ltd. now owns 3,130,230 shares of the company’s stock valued at $118,698,000 after purchasing an additional 1,209,276 shares during the last quarter. Finally, Artisan Partners Limited Partnership bought a new stake in shares of Waystar during the third quarter valued at approximately $95,497,000.

Analyst Ratings Changes

Several research analysts recently weighed in on WAY shares. TD Cowen restated a “buy” rating on shares of Waystar in a research report on Wednesday, February 18th. Leerink Partners assumed coverage on Waystar in a research note on Monday, February 2nd. They issued an “outperform” rating and a $43.00 target price for the company. UBS Group began coverage on Waystar in a research report on Monday, December 15th. They set a “buy” rating and a $41.00 target price for the company. Mizuho set a $42.00 price target on Waystar in a research note on Wednesday, February 4th. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $35.00 price target on shares of Waystar in a report on Thursday, March 5th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Waystar has a consensus rating of “Buy” and an average price target of $37.06.

Insider Activity at Waystar

In related news, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the company’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $30.08, for a total value of $1,209,968.00. Following the completion of the sale, the insider owned 474,826 shares in the company, valued at approximately $14,282,766.08. This represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 4.10% of the stock is currently owned by company insiders.

Waystar Price Performance

Shares of WAY stock opened at $24.16 on Friday. The firm’s 50 day moving average price is $26.97 and its two-hundred day moving average price is $32.97. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.41 and a current ratio of 1.41. Waystar Holding Corp. has a 52-week low of $21.13 and a 52-week high of $42.55. The stock has a market cap of $4.63 billion, a PE ratio of 39.61, a PEG ratio of 0.94 and a beta of 0.80.

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

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.