Healthcare of Ontario Pension Plan Trust Fund Decreases Stock Position in Waystar Holding Corp. $WAY

Healthcare of Ontario Pension Plan Trust Fund trimmed its holdings in shares of Waystar Holding Corp. (NASDAQ:WAY) by 62.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 750,000 shares of the company’s stock after selling 1,250,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.39% of Waystar worth $24,562,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. ANTIPODES PARTNERS Ltd raised its position in shares of Waystar by 120.1% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 823 shares of the company’s stock valued at $31,000 after buying an additional 449 shares in the last quarter. Kennedy Capital Management LLC raised its position in shares of Waystar by 0.5% during the 4th quarter. Kennedy Capital Management LLC now owns 106,207 shares of the company’s stock valued at $3,478,000 after buying an additional 559 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Waystar by 22.1% during the 4th quarter. Pacer Advisors Inc. now owns 3,144 shares of the company’s stock valued at $103,000 after buying an additional 569 shares in the last quarter. State of Wyoming raised its position in shares of Waystar by 45.1% during the 2nd quarter. State of Wyoming now owns 2,098 shares of the company’s stock valued at $86,000 after buying an additional 652 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Waystar by 51.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,113 shares of the company’s stock valued at $80,000 after buying an additional 719 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have recently issued reports on WAY. UBS Group decreased their target price on shares of Waystar from $41.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Waystar from $42.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Wall Street Zen cut shares of Waystar from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Bank of America decreased their target price on shares of Waystar from $45.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $33.00 price target on shares of Waystar in a report on Thursday, April 30th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $35.62.

Waystar Stock Performance

Shares of NASDAQ:WAY opened at $18.55 on Tuesday. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 0.74 and a beta of 0.11. Waystar Holding Corp. has a 12 month low of $17.89 and a 12 month high of $41.47. The firm’s 50-day moving average is $21.37 and its 200 day moving average is $26.01. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.37.

Waystar (NASDAQ:WAY) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. The company had revenue of $313.87 million for the quarter, compared to the consensus estimate of $311.74 million. Waystar had a net margin of 10.90% and a return on equity of 6.99%. The firm’s revenue was up 22.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 EPS. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. Research analysts predict that Waystar Holding Corp. will post 1.46 EPS for the current 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.