Next Century Growth Investors LLC Lowers Position in Waystar Holding Corp. $WAY

Next Century Growth Investors LLC cut its stake in Waystar Holding Corp. (NASDAQ:WAY) by 14.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 237,035 shares of the company’s stock after selling 39,784 shares during the period. Next Century Growth Investors LLC’s holdings in Waystar were worth $7,763,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Waystar by 152.6% in the third quarter. JPMorgan Chase & Co. now owns 2,489,572 shares of the company’s stock worth $94,405,000 after buying an additional 1,504,026 shares during the period. Vanguard Group Inc. lifted its holdings in Waystar by 35.5% in the third quarter. Vanguard Group Inc. now owns 12,289,810 shares of the company’s stock worth $466,030,000 after buying an additional 3,219,586 shares during the period. Monashee Investment Management LLC purchased a new stake in Waystar in the third quarter worth about $5,688,000. Envestnet Asset Management Inc. lifted its holdings in Waystar by 252.7% in the third quarter. Envestnet Asset Management Inc. now owns 66,873 shares of the company’s stock worth $2,536,000 after buying an additional 47,912 shares during the period. Finally, William Blair Investment Management LLC lifted its holdings in Waystar by 0.5% in the third quarter. William Blair Investment Management LLC now owns 5,263,187 shares of the company’s stock worth $199,580,000 after buying an additional 23,822 shares during the period.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Citigroup lowered their price objective on shares of Waystar from $35.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. The Goldman Sachs Group lowered their price target on shares of Waystar from $44.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Barclays lowered their price target on shares of Waystar from $36.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, May 20th. Freedom Capital raised shares of Waystar from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 18th. Finally, Needham & Company LLC reissued a “buy” rating and set a $33.00 price target on shares of Waystar in a research report on Thursday, April 30th. 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 data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $35.62.

Waystar Stock Performance

Shares of NASDAQ WAY opened at $18.75 on Monday. Waystar Holding Corp. has a 1 year low of $17.89 and a 1 year high of $41.47. The stock has a market cap of $3.60 billion, a P/E ratio of 27.99, a price-to-earnings-growth ratio of 0.74 and a beta of 0.11. The firm has a 50-day moving average of $21.48 and a 200 day moving average of $26.14. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.76 and a quick ratio of 1.76.

Waystar (NASDAQ:WAY) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Waystar had a net margin of 10.90% and a return on equity of 6.99%. The company had revenue of $313.87 million during the quarter, compared to analysts’ expectations of $311.74 million. During the same period last year, the company posted $0.32 EPS. Waystar’s revenue was up 22.4% on a year-over-year basis. 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 EPS 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.