Waystar Holding Corp. $WAY Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its stake in shares of Waystar Holding Corp. (NASDAQ:WAY) by 1,562.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 375,380 shares of the company’s stock after buying an additional 352,806 shares during the quarter. BNP Paribas Financial Markets’ holdings in Waystar were worth $12,294,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Waystar during the fourth quarter worth approximately $44,627,000. SBI Okasan Asset Management Co.Ltd. acquired a new position in Waystar in the fourth quarter worth $191,000. Intech Investment Management LLC boosted its holdings in Waystar by 104.1% in the fourth quarter. Intech Investment Management LLC now owns 94,199 shares of the company’s stock worth $3,085,000 after purchasing an additional 48,051 shares during the period. Geode Capital Management LLC boosted its holdings in Waystar by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 3,398,053 shares of the company’s stock worth $111,300,000 after purchasing an additional 224,908 shares during the period. Finally, King Luther Capital Management Corp boosted its holdings in Waystar by 67.0% in the fourth quarter. King Luther Capital Management Corp now owns 197,628 shares of the company’s stock worth $6,472,000 after purchasing an additional 79,303 shares during the period.

Waystar Stock Performance

Shares of WAY opened at $20.00 on Monday. Waystar Holding Corp. has a 1 year low of $17.89 and a 1 year high of $41.49. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 29.85, a price-to-earnings-growth ratio of 0.79 and a beta of 0.11. 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 firm has a fifty day moving average of $21.99 and a 200-day moving average of $26.72.

Waystar (NASDAQ:WAY) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $311.74 million. During the same period in the previous year, the business earned $0.32 earnings per share. The company’s revenue was up 22.4% on a year-over-year basis. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. As a group, equities analysts anticipate that Waystar Holding Corp. will post 1.46 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on WAY shares. Bank of America decreased their price objective on shares of Waystar from $45.00 to $38.00 and set a “buy” rating for the company in a report on Friday, April 10th. Barclays decreased their price objective on shares of Waystar from $36.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, May 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Waystar in a report on Thursday, April 30th. Citigroup decreased their price objective on shares of Waystar from $35.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $32.00 price objective on shares of Waystar in a report on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $35.62.

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.