Geode Capital Management LLC Purchases 224,908 Shares of Waystar Holding Corp. $WAY

Geode Capital Management LLC boosted its position in shares of Waystar Holding Corp. (NASDAQ:WAY) by 7.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,398,053 shares of the company’s stock after acquiring an additional 224,908 shares during the quarter. Geode Capital Management LLC owned 1.78% of Waystar worth $111,300,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Waystar by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 12,330,872 shares of the company’s stock valued at $403,836,000 after purchasing an additional 41,062 shares during the last quarter. William Blair Investment Management LLC increased its holdings in shares of Waystar by 0.4% in the fourth quarter. William Blair Investment Management LLC now owns 5,282,220 shares of the company’s stock valued at $172,993,000 after purchasing an additional 19,033 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Waystar by 4.5% in the third quarter. Alliancebernstein L.P. now owns 3,415,442 shares of the company’s stock valued at $129,514,000 after purchasing an additional 146,510 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Waystar by 63.0% in the third quarter. Invesco Ltd. now owns 3,130,230 shares of the company’s stock valued at $118,698,000 after purchasing an additional 1,209,276 shares during the last quarter. Finally, Artisan Partners Limited Partnership acquired a new position in shares of Waystar in the third quarter valued at $95,497,000.

Analysts Set New Price Targets

Several equities analysts have commented on WAY shares. UBS Group decreased their price objective on shares of Waystar from $41.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Jefferies Financial Group reiterated a “buy” rating and issued a $41.00 price objective on shares of Waystar in a report on Wednesday, February 18th. TD Cowen reiterated a “buy” rating on shares of Waystar in a report on Wednesday, February 18th. Loop Capital set a $33.00 price objective on shares of Waystar in a report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Waystar from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $35.62.

Waystar Trading Down 1.1%

WAY stock opened at $20.00 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.76 and a current ratio of 1.76. The company’s 50-day simple moving average is $21.99 and its 200 day simple moving average is $26.77. Waystar Holding Corp. has a 52 week low of $17.89 and a 52 week high of $41.49. The company has a market capitalization of $3.84 billion, a PE ratio of 29.85, a price-to-earnings-growth ratio of 0.80 and a beta of 0.10.

Waystar (NASDAQ:WAY) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.42 EPS for the quarter, beating 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 business had revenue of $313.87 million for the quarter, compared to the consensus estimate of $311.74 million. During the same period in the prior year, the company posted $0.32 earnings per share. Waystar’s revenue was up 22.4% compared to the same quarter last year. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. As a group, sell-side analysts anticipate that Waystar Holding Corp. will post 1.46 earnings per share 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.