Jupiter Topco LLC Buys Shares of 2,871,893 Waystar Holding Corp. $WAY

Jupiter Topco LLC purchased a new stake in Waystar Holding Corp. (NASDAQ:WAY) during the second quarter, according to its most recent filing with the SEC. The firm purchased 2,871,893 shares of the company’s stock, valued at approximately $58,960,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Root Financial Partners LLC boosted its position in Waystar by 6,475.0% during the first quarter. Root Financial Partners LLC now owns 1,052 shares of the company’s stock valued at $25,000 after purchasing an additional 1,036 shares in the last quarter. Essential Partners LLC boosted its holdings in shares of Waystar by 1,432.7% in the 1st quarter. Essential Partners LLC now owns 1,548 shares of the company’s stock valued at $37,000 after buying an additional 1,447 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Waystar by 6,005.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,160 shares of the company’s stock worth $38,000 after buying an additional 1,141 shares during the last quarter. Danske Bank A S purchased a new position in shares of Waystar in the 4th quarter worth approximately $52,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Waystar by 3,219.0% during the 2nd 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.

Waystar News Roundup

Here are the key news stories impacting Waystar this week:

• Positive Sentiment: Waystar unveiled new AltitudeAI agentic capabilities designed to autonomously manage claims, denials, documentation and patient-billing workflows. The tools are intended to improve healthcare providers’ revenue-cycle efficiency and strengthen Waystar’s long-term growth opportunity. Waystar Launches New Agentic Solutions Transforming AI Into Action Across the Revenue Cycle
• Positive Sentiment: Royal Bank of Canada reaffirmed its Outperform rating and set a $44 price target, implying substantial potential upside from the referenced share price. Needham also maintained a Buy rating with a $33 target, reinforcing positive sell-side sentiment. Analyst Rating Updates
• Positive Sentiment: Management reaffirmed its long-term financial guidance during investor day, signaling that the company continues to expect its growth strategy—including AI-driven revenue-cycle automation—to remain on track. Waystar Analyst/Investor Day Slideshow
• Neutral Sentiment: Coverage of the product launch highlighted Waystar’s expansion of agentic AI across claims, denials and documentation. The rollout supports the company’s strategic positioning, but the financial impact and adoption pace have yet to be quantified. Waystar Expands AI-Powered Agentic Revenue Cycle Tools
• Negative Sentiment: RBC said the investor-day update lacked new KPIs, which disappointed investors seeking clearer evidence of execution, customer adoption and the measurable impact of the AI strategy. Waystar Reaffirms Long-Term Guidance, Lack of KPIs Disappoints, RBC Says

Waystar Stock Up 4.5%

NASDAQ:WAY opened at $25.25 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.36. Waystar Holding Corp. has a twelve month low of $17.26 and a twelve month high of $41.47. The company has a market cap of $4.84 billion, a PE ratio of 36.07, a P/E/G ratio of 0.94 and a beta of 0.06. The company’s 50 day moving average is $22.71 and its two-hundred day moving average is $22.66.

Waystar (NASDAQ:WAY) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. Waystar had a net margin of 11.18% and a return on equity of 7.03%. The business had revenue of $319.67 million during the quarter, compared to analysts’ expectations of $316.21 million. During the same quarter last year, the company posted $0.36 earnings per share. The business’s quarterly revenue was up 18.1% on a year-over-year basis. Analysts anticipate that Waystar Holding Corp. will post 1.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. UBS Group decreased their target price on shares of Waystar from $37.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $39.00 price target on shares of Waystar in a research report on Friday, July 31st. Royal Bank Of Canada reiterated an “outperform” rating and set a $44.00 price objective on shares of Waystar in a report on Thursday. JPMorgan Chase & Co. lowered their price objective on Waystar from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Finally, Wells Fargo & Company dropped their target price on Waystar from $36.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Three analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.39.

Insider Activity

In related news, CEO Matthew J. Hawkins sold 60,038 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $25.01, for a total value of $1,501,550.38. Following the completion of the transaction, the chief executive officer owned 1,835,081 shares in the company, valued at $45,895,375.81. This trade represents a 3.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.50% of the stock is currently owned by insiders.

Waystar Company 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.