Smith Group Asset Management LLC Sells 32,830 Shares of Waystar Holding Corp. $WAY

Smith Group Asset Management LLC reduced its holdings in shares of Waystar Holding Corp. (NASDAQ:WAY) by 68.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,794 shares of the company’s stock after selling 32,830 shares during the quarter. Smith Group Asset Management LLC’s holdings in Waystar were worth $357,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. grew its position in 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 acquiring an additional 41,062 shares during the last quarter. Advent International L.P. bought a new position in shares of Waystar in the fourth quarter worth about $362,212,000. William Blair Investment Management LLC boosted its stake in shares of Waystar by 0.4% in the 4th 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 in the last quarter. State Street Corp boosted its stake in shares of Waystar by 4.0% in the 4th quarter. State Street Corp now owns 4,134,052 shares of the company’s stock valued at $135,390,000 after purchasing an additional 159,183 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Waystar by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 3,398,053 shares of the company’s stock valued at $111,300,000 after purchasing an additional 224,908 shares during the last quarter.

Waystar News Roundup

Here are the key news stories impacting Waystar this week:

• Positive Sentiment: Q2 earnings and revenue beat expectations. Waystar reported adjusted earnings of $0.43 per share, above the $0.40 consensus estimate and up from $0.36 a year earlier. Revenue reached $319.7 million, exceeding expectations of $316.2 million and rising 18.1% year over year. Waystar Holding Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Profitability remained strong. Second-quarter net income was $40.9 million, while non-GAAP net income was $83.3 million. Waystar reported a 43% adjusted EBITDA margin and a 13% net income margin, supporting the investment case for its healthcare payment software business. Waystar Reports Second Quarter 2026 Results
• Positive Sentiment: Full-year operating guidance was raised. Management increased its 2026 revenue and adjusted EBITDA outlook. Revenue guidance of approximately $1.3 billion is broadly in line with analyst expectations, suggesting the main upside comes from improved profitability and execution. Waystar Q2 2026 Earnings Call Transcript
• Neutral Sentiment: New CFO appointed. Alpana Wegner will become chief financial officer on August 1. Her technology-sector experience could support Waystar’s growth and value-creation strategy, although the leadership transition itself does not immediately change earnings. Waystar Announces Appointment of Alpana Wegner as Chief Financial Officer

Waystar Trading Up 3.5%

Shares of WAY stock opened at $24.52 on Thursday. Waystar Holding Corp. has a 1-year low of $17.26 and a 1-year high of $41.47. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.37. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 36.60, a PEG ratio of 0.93 and a beta of 0.08. The stock has a 50-day moving average of $20.73 and a 200-day moving average of $23.31.

Waystar (NASDAQ:WAY) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. Waystar had a return on equity of 6.99% and a net margin of 10.90%.The company had revenue of $319.67 million for the quarter, compared to analyst estimates of $316.21 million. During the same period in the previous year, the firm earned $0.36 earnings per share. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. On average, equities research analysts forecast that Waystar Holding Corp. will post 1.46 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WAY. Raymond James Financial reiterated a “strong-buy” rating and set a $32.00 price objective on shares of Waystar in a research report on Thursday, April 30th. Wall Street Zen lowered shares of Waystar from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $33.00 target price on shares of Waystar in a research note on Thursday, April 30th. UBS Group set a $34.00 price target on shares of Waystar in a report on Monday, July 20th. Finally, Weiss Ratings cut Waystar from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, June 24th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $35.23.

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.