Capricorn Fund Managers Ltd Sells 692,554 Shares of Waystar Holding Corp. $WAY

Capricorn Fund Managers Ltd lessened its stake in Waystar Holding Corp. (NASDAQ:WAY) by 93.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,709 shares of the company’s stock after selling 692,554 shares during the quarter. Capricorn Fund Managers Ltd’s holdings in Waystar were worth $1,102,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in WAY. Kennedy Capital Management LLC lifted its position in Waystar by 0.5% in the 4th quarter. Kennedy Capital Management LLC now owns 106,207 shares of the company’s stock valued at $3,478,000 after acquiring an additional 559 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Waystar by 22.1% during the 4th quarter. Pacer Advisors Inc. now owns 3,144 shares of the company’s stock worth $103,000 after purchasing an additional 569 shares in the last quarter. State of Wyoming raised its stake in shares of Waystar by 45.1% in the 2nd quarter. State of Wyoming now owns 2,098 shares of the company’s stock valued at $86,000 after purchasing an additional 652 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Waystar by 51.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company’s stock valued at $80,000 after purchasing an additional 719 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in shares of Waystar by 3.7% in the fourth quarter. ProShare Advisors LLC now owns 21,474 shares of the company’s stock valued at $703,000 after purchasing an additional 764 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have recently weighed in on WAY shares. Bank of America reduced their price objective on Waystar from $45.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Raymond James Financial reissued a “strong-buy” rating and issued a $32.00 target price on shares of Waystar in a research report on Thursday, April 30th. Wall Street Zen cut Waystar from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Citigroup reduced their price target on Waystar from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Waystar from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.62.

Waystar Stock Performance

WAY opened at $20.53 on Wednesday. The business’s 50-day simple moving average is $20.39 and its 200 day simple moving average is $24.79. Waystar Holding Corp. has a 52-week low of $17.26 and a 52-week high of $41.47. 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 market capitalization of $3.94 billion, a PE ratio of 30.64, a PEG ratio of 0.79 and a beta of 0.10.

Waystar (NASDAQ:WAY) last posted its quarterly earnings results 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 return on equity of 6.99% and a net margin of 10.90%.The firm had revenue of $313.87 million during the quarter, compared to the consensus estimate of $311.74 million. During the same period last year, the company earned $0.32 earnings per share. The business’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 expect that Waystar Holding Corp. will post 1.46 earnings per share for the current fiscal year.

About Waystar

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.