King Luther Capital Management Corp Has $6.47 Million Holdings in Waystar Holding Corp. $WAY

King Luther Capital Management Corp grew its stake in shares of Waystar Holding Corp. (NASDAQ:WAY) by 67.0% in the 4th quarter, HoldingsChannel reports. The fund owned 197,628 shares of the company’s stock after purchasing an additional 79,303 shares during the quarter. King Luther Capital Management Corp’s holdings in Waystar were worth $6,472,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Waystar by 0.3% during 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 during the last quarter. William Blair Investment Management LLC lifted its position in Waystar by 0.4% during the fourth quarter. William Blair Investment Management LLC now owns 5,282,220 shares of the company’s stock worth $172,993,000 after acquiring an additional 19,033 shares during the last quarter. Alliancebernstein L.P. lifted its position in 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 acquiring an additional 146,510 shares during the last quarter. Invesco Ltd. lifted its position in Waystar by 63.0% during 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 during the last quarter. Finally, Artisan Partners Limited Partnership acquired a new stake in Waystar during the third quarter worth approximately $95,497,000.

Analysts Set New Price Targets

Several equities research analysts have issued reports on WAY shares. TD Cowen restated a “buy” rating on shares of Waystar in a research report on Wednesday, February 18th. Barclays lowered their target price on shares of Waystar from $36.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. The Goldman Sachs Group lowered their target price on shares of Waystar from $44.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Wells Fargo & Company lowered their target price on shares of Waystar from $41.00 to $36.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Finally, Leerink Partners assumed coverage on shares of Waystar in a report on Monday, February 2nd. They set an “outperform” rating and a $43.00 target price on the stock. Three equities 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 company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $35.62.

Waystar Stock Down 3.3%

Shares of WAY opened at $19.06 on Thursday. Waystar Holding Corp. has a 12 month low of $17.89 and a 12 month high of $41.49. The firm’s 50 day moving average is $22.57 and its 200-day moving average is $27.49. The stock has a market capitalization of $3.66 billion, a PE ratio of 28.45, a P/E/G ratio of 0.78 and a beta of 0.21. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.37.

Waystar (NASDAQ:WAY) last announced its earnings results on Wednesday, April 29th. The company reported $0.42 EPS for the quarter, topping 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 company had revenue of $313.87 million for the quarter, compared to analysts’ expectations of $311.74 million. During the same period last year, the firm earned $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. Equities research analysts forecast that Waystar Holding Corp. will post 1.45 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.