Thrivent Financial for Lutherans Grows Holdings in Waystar Holding Corp. $WAY

Thrivent Financial for Lutherans grew its holdings in Waystar Holding Corp. (NASDAQ:WAY) by 58.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,399,429 shares of the company’s stock after purchasing an additional 517,002 shares during the period. Thrivent Financial for Lutherans owned about 0.73% of Waystar worth $45,831,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. ANTIPODES PARTNERS Ltd increased its stake in shares of Waystar by 120.1% during the third quarter. ANTIPODES PARTNERS Ltd now owns 823 shares of the company’s stock valued at $31,000 after buying an additional 449 shares during the period. First Horizon Corp purchased a new position in shares of Waystar during the third quarter valued at $38,000. Danske Bank A S purchased a new position in shares of Waystar during the fourth quarter valued at $52,000. EverSource Wealth Advisors LLC increased its stake in shares of Waystar by 3,219.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,394 shares of the company’s stock valued at $57,000 after buying an additional 1,352 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Waystar by 613.4% during the fourth quarter. GAMMA Investing LLC now owns 1,762 shares of the company’s stock valued at $58,000 after buying an additional 1,515 shares during the period.

Waystar Price Performance

WAY opened at $17.93 on Friday. The business’s 50-day moving average is $23.51 and its two-hundred day moving average is $28.58. Waystar Holding Corp. has a 1 year low of $17.89 and a 1 year high of $41.49. 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 firm has a market capitalization of $3.44 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 0.71 and a beta of 0.21.

Waystar (NASDAQ:WAY) last posted its earnings results on Wednesday, April 29th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. Waystar had a return on equity of 6.99% and a net margin of 10.90%.The company had revenue of $313.87 million for the quarter, compared to analyst estimates of $311.74 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The firm’s quarterly 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. Research analysts anticipate that Waystar Holding Corp. will post 1.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Loop Capital set a $33.00 price target on Waystar in a research note on Wednesday, February 18th. Canaccord Genuity Group cut their price target on Waystar from $54.00 to $30.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Barclays cut their price target on Waystar from $42.00 to $36.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. JPMorgan Chase & Co. cut their price target on Waystar from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Finally, Bank of America cut their price target on Waystar from $45.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Waystar presently has an average rating of “Buy” and an average target price of $36.14.

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.