Waystar Holding Corp. $WAY Shares Sold by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd lessened its position in Waystar Holding Corp. (NASDAQ:WAY) by 98.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,000 shares of the company’s stock after selling 5,931,000 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Waystar were worth $2,260,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of WAY. Vanguard Group Inc. increased its holdings in shares of Waystar by 35.5% in the 3rd quarter. Vanguard Group Inc. now owns 12,289,810 shares of the company’s stock worth $466,030,000 after acquiring an additional 3,219,586 shares during the period. Alliancebernstein L.P. grew its position in Waystar by 3,883.4% in the 2nd quarter. Alliancebernstein L.P. now owns 3,268,932 shares of the company’s stock valued at $133,601,000 after buying an additional 3,186,869 shares in the last quarter. Artisan Partners Limited Partnership bought a new position in Waystar in the 3rd quarter valued at about $95,497,000. Alyeska Investment Group L.P. grew its position in Waystar by 4,717.4% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,814,648 shares of the company’s stock valued at $68,811,000 after buying an additional 1,776,979 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Waystar by 152.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,489,572 shares of the company’s stock valued at $94,405,000 after buying an additional 1,504,026 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on WAY shares. JPMorgan Chase & Co. decreased their target price on shares of Waystar from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Morgan Stanley started coverage on shares of Waystar in a research report on Monday, March 30th. They issued an “equal weight” rating and a $28.00 target price for the company. Evercore set a $27.00 target price on shares of Waystar in a research report on Wednesday, February 18th. Needham & Company LLC reiterated a “buy” rating and issued a $33.00 target price on shares of Waystar in a research report on Thursday, April 30th. Finally, Wells Fargo & Company decreased their target price on shares of Waystar from $41.00 to $36.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $35.62.

Waystar Stock Performance

NASDAQ:WAY opened at $18.38 on Wednesday. Waystar Holding Corp. has a twelve month low of $17.89 and a twelve month high of $41.47. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average of $21.26 and a 200-day moving average of $25.88. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 0.73 and a beta of 0.10.

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 during the quarter, compared to analysts’ expectations of $311.74 million. During the same period last year, the company posted $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. Analysts forecast that Waystar Holding Corp. will post 1.46 earnings per share for the current fiscal year.

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.