JPMorgan Chase & Co. Raises Stock Holdings in Waystar Holding Corp. $WAY

JPMorgan Chase & Co. grew its stake in shares of Waystar Holding Corp. (NASDAQ:WAY) by 152.6% during the third quarter, Holdings Channel reports. The institutional investor owned 2,489,572 shares of the company’s stock after buying an additional 1,504,026 shares during the period. JPMorgan Chase & Co.’s holdings in Waystar were worth $94,405,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in WAY. State of New Jersey Common Pension Fund D raised its stake in Waystar by 20.7% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 59,498 shares of the company’s stock worth $2,256,000 after acquiring an additional 10,193 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Waystar by 22.1% in the third quarter. PNC Financial Services Group Inc. now owns 15,634 shares of the company’s stock worth $593,000 after purchasing an additional 2,831 shares in the last quarter. Public Sector Pension Investment Board bought a new stake in shares of Waystar during the 3rd quarter valued at $17,004,000. Ground Swell Capital LLC purchased a new position in shares of Waystar during the 3rd quarter valued at $213,000. Finally, Illinois Municipal Retirement Fund lifted its stake in shares of Waystar by 231.3% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 59,775 shares of the company’s stock valued at $2,267,000 after buying an additional 41,731 shares in the last quarter.

Waystar Price Performance

NASDAQ:WAY opened at $24.35 on Tuesday. The business’s 50-day moving average is $28.99 and its 200 day moving average is $33.94. Waystar Holding Corp. has a 12 month low of $21.13 and a 12 month high of $45.00. The company has a market capitalization of $4.67 billion, a P/E ratio of 39.92, a P/E/G ratio of 0.98 and a beta of 0.77. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.38.

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

Insiders Place Their Bets

In other Waystar news, CTO Christopher L. Schremser sold 8,623 shares of Waystar stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $30.41, for a total value of $262,225.43. Following the completion of the transaction, the chief technology officer directly owned 422,371 shares of the company’s stock, valued at $12,844,302.11. This trade represents a 2.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the business’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $30.08, for a total transaction 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 trade represents a 7.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 58,549 shares of company stock valued at $1,790,580. 4.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WAY shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Waystar in a research note on Wednesday, January 21st. BMO Capital Markets dropped their price objective on Waystar from $47.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. Wells Fargo & Company cut their target price on Waystar from $41.00 to $36.00 and set an “overweight” rating for the company in a research report on Thursday. Canaccord Genuity Group lowered their price target on Waystar from $54.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Waystar in a report on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Waystar presently has a consensus rating of “Buy” and a consensus target price of $37.19.

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.