King Luther Capital Management Corp Purchases 36,160 Shares of Waystar Holding Corp. $WAY

King Luther Capital Management Corp boosted its position in shares of Waystar Holding Corp. (NASDAQ:WAY) by 44.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,325 shares of the company’s stock after acquiring an additional 36,160 shares during the quarter. King Luther Capital Management Corp owned 0.06% of Waystar worth $4,487,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Salomon & Ludwin LLC acquired a new position in shares of Waystar during the 3rd quarter worth about $25,000. First Horizon Corp bought a new position in Waystar during the third quarter worth about $38,000. Nisa Investment Advisors LLC increased its position in Waystar by 50.6% during the second quarter. Nisa Investment Advisors LLC now owns 1,065 shares of the company’s stock worth $44,000 after buying an additional 358 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Waystar by 3,219.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock worth $57,000 after buying an additional 1,352 shares during the last quarter. Finally, State of Wyoming raised its stake in Waystar by 45.1% in the second quarter. State of Wyoming now owns 2,098 shares of the company’s stock valued at $86,000 after buying an additional 652 shares during the period.

Waystar Stock Down 2.8%

WAY stock opened at $25.07 on Friday. Waystar Holding Corp. has a fifty-two week low of $21.13 and a fifty-two week high of $45.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.41 and a quick ratio of 3.89. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of 41.10, a PEG ratio of 0.95 and a beta of 0.75. The business’s fifty day moving average price is $29.15 and its two-hundred day moving average price is $34.02.

Waystar (NASDAQ:WAY) last released its quarterly 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). Waystar had a net margin of 10.20% and a return on equity of 6.86%. The business had revenue of $303.54 million during the quarter, compared to analyst estimates of $294.72 million. During the same quarter last year, the company posted $0.29 earnings per share. The company’s revenue was up 24.3% on a year-over-year basis. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. On average, equities analysts anticipate that Waystar Holding Corp. will post 0.39 earnings per share for the current year.

Insiders Place Their Bets

In other Waystar news, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the firm’s stock in a transaction on 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 transaction, the insider owned 474,826 shares in the company, valued at $14,282,766.08. This trade represents a 7.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of Waystar stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $37.00, for a total value of $125,800.00. Following the completion of the transaction, the chief marketing officer directly owned 193,261 shares of the company’s stock, valued at $7,150,657. This represents a 1.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 61,949 shares of company stock worth $1,916,380 in the last quarter. Corporate insiders own 4.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WAY. Barclays reduced their target price on Waystar from $42.00 to $36.00 and set an “overweight” rating for the company in a research note on Wednesday. Zacks Research downgraded Waystar from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. TD Cowen reaffirmed a “buy” rating on shares of Waystar in a research report on Wednesday. Mizuho set a $42.00 price objective on shares of Waystar in a report on Wednesday, February 4th. Finally, Wall Street Zen lowered shares of Waystar from a “buy” rating to a “hold” rating in a research report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Waystar has an average rating of “Buy” and a consensus price target of $37.19.

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.