Waystar Holding Corp. $WAY Stock Holdings Lifted by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust grew its position in Waystar Holding Corp. (NASDAQ:WAY) by 236.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 55,155 shares of the company’s stock after acquiring an additional 38,767 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in Waystar were worth $1,330,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Root Financial Partners LLC increased its holdings in Waystar by 6,475.0% in the first quarter. Root Financial Partners LLC now owns 1,052 shares of the company’s stock worth $25,000 after buying an additional 1,036 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Waystar by 6,005.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,160 shares of the company’s stock valued at $38,000 after acquiring an additional 1,141 shares during the last quarter. Danske Bank A S acquired a new stake in Waystar in the fourth quarter valued at approximately $52,000. EverSource Wealth Advisors LLC grew its position in Waystar by 3,219.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock worth $57,000 after acquiring an additional 1,352 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Waystar by 613.4% in the fourth quarter. GAMMA Investing LLC now owns 1,762 shares of the company’s stock worth $58,000 after acquiring an additional 1,515 shares in the last quarter.

Wall Street Analysts Forecast Growth

WAY has been the topic of a number of recent research reports. Barclays cut their price target on shares of Waystar from $36.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, May 20th. KeyCorp began coverage on shares of Waystar in a report on Wednesday, July 1st. They issued an “overweight” rating and a $30.00 price objective for the company. Wall Street Zen lowered Waystar from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $32.00 price target on shares of Waystar in a research report on Thursday, April 30th. Finally, UBS Group reduced their price target on Waystar from $41.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.36.

Waystar Stock Performance

Shares of WAY opened at $22.19 on Wednesday. The company has a market capitalization of $4.26 billion, a PE ratio of 33.12, a price-to-earnings-growth ratio of 0.91 and a beta of 0.08. Waystar Holding Corp. has a one year low of $17.26 and a one year high of $41.47. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.76 and a quick ratio of 1.76. The company’s fifty day moving average price is $20.06 and its 200 day moving average price is $24.10.

Waystar (NASDAQ:WAY) last released its earnings results on Wednesday, April 29th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The firm had revenue of $313.87 million during the quarter, compared to analyst estimates of $311.74 million. Waystar had a net margin of 10.90% and a return on equity of 6.99%. The business’s revenue was up 22.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 EPS. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. As a group, analysts expect 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.