Teachers Retirement System of The State of Kentucky Makes New $948,000 Investment in Waystar Holding Corp. $WAY

Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Waystar Holding Corp. (NASDAQ:WAY) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 25,000 shares of the company’s stock, valued at approximately $948,000.

Other hedge funds also recently modified their holdings of the company. ANTIPODES PARTNERS Ltd increased its holdings in shares of Waystar by 120.1% in the third quarter. ANTIPODES PARTNERS Ltd now owns 823 shares of the company’s stock valued at $31,000 after buying an additional 449 shares in the last quarter. BCS Private Wealth Management Inc. boosted its stake in shares of Waystar by 8.4% during the 3rd quarter. BCS Private Wealth Management Inc. now owns 7,455 shares of the company’s stock worth $283,000 after acquiring an additional 575 shares in the last quarter. Carnegie Investment Counsel grew its holdings in shares of Waystar by 9.4% in the 3rd quarter. Carnegie Investment Counsel now owns 7,002 shares of the company’s stock worth $266,000 after acquiring an additional 600 shares during the last quarter. State of Wyoming grew its holdings in shares of Waystar by 45.1% in the 2nd quarter. State of Wyoming now owns 2,098 shares of the company’s stock worth $86,000 after acquiring an additional 652 shares during the last quarter. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Waystar during the third quarter worth $25,000.

Insider Activity

In other news, insider Eric L. (Ric) Sinclair III sold 40,225 shares of the stock in a transaction that occurred on Tuesday, January 20th. The shares were 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 directly owned 474,826 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which can be accessed through this link. Also, CTO Christopher L. Schremser sold 8,623 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $30.41, for a total transaction of $262,225.43. Following the sale, the chief technology officer owned 422,371 shares of the company’s stock, valued at approximately $12,844,302.11. This represents a 2.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 58,549 shares of company stock worth $1,790,580. Company insiders own 4.10% of the company’s stock.

Waystar Price Performance

WAY opened at $25.71 on Friday. The firm has a market capitalization of $4.93 billion, a P/E ratio of 42.15, a PEG ratio of 1.04 and a beta of 0.80. The stock has a fifty day moving average of $27.75 and a 200-day moving average of $33.38. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.38. Waystar Holding Corp. has a 12-month low of $21.13 and a 12-month high of $42.55.

Waystar (NASDAQ:WAY) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The business 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 firm posted $0.29 EPS. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. Equities analysts forecast that Waystar Holding Corp. will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on WAY shares. The Goldman Sachs Group reduced their target price on Waystar from $44.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Wall Street Zen cut Waystar from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Zacks Research downgraded Waystar from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Mizuho set a $42.00 price objective on shares of Waystar in a research note on Wednesday, February 4th. Finally, Truist Financial decreased their target price on shares of Waystar from $51.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Waystar has an average rating of “Buy” and a consensus price target of $37.06.

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.