164,614 Shares in Waystar Holding Corp. $WAY Acquired by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 164,614 Waystar shares worth approximately $3.38 million in the second quarter, giving it a 0.09% stake. Several other major institutions, including Vanguard, State Street and Geode Capital, also increased their positions.
• Waystar exceeded quarterly expectations, reporting adjusted EPS of $0.43 versus the $0.40 consensus and revenue of $319.67 million, up 18.1% year over year. Shares recently traded at $24.17, below their 12-month high of $41.47.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $35 price target, although CEO Matthew Hawkins sold 60,038 shares under a pre-arranged trading plan.

Deutsche Bank AG purchased a new stake in Waystar Holding Corp. (NASDAQ:WAY - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 164,614 shares of the company's stock, valued at approximately $3,380,000. Deutsche Bank AG owned 0.09% of Waystar at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Waystar by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 12,330,872 shares of the company's stock worth $403,836,000 after buying an additional 41,062 shares in the last quarter. Advent International L.P. acquired a new position in shares of Waystar in the fourth quarter valued at about $362,212,000. William Blair Investment Management LLC grew its stake in shares of Waystar by 0.4% in the fourth quarter. William Blair Investment Management LLC now owns 5,282,220 shares of the company's stock valued at $172,993,000 after acquiring an additional 19,033 shares in the last quarter. State Street Corp increased its position in Waystar by 4.0% during the fourth quarter. State Street Corp now owns 4,134,052 shares of the company's stock worth $135,390,000 after acquiring an additional 159,183 shares during the period. Finally, Geode Capital Management LLC raised its stake in Waystar by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 3,398,053 shares of the company's stock worth $111,300,000 after purchasing an additional 224,908 shares in the last quarter.

Insiders Place Their Bets

In other Waystar 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 sale, the chief executive officer owned 1,835,081 shares of the company's stock, valued at approximately $45,895,375.81. This trade represents a 3.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.50% of the stock is owned by insiders.

Waystar Price Performance

Shares of NASDAQ:WAY opened at $24.17 on Thursday. The firm has a 50 day moving average of $22.58 and a 200-day moving average of $22.66. The stock has a market capitalization of $4.63 billion, a PE ratio of 34.53, a PEG ratio of 0.94 and a beta of 0.06. 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 12 month low of $17.26 and a 12 month high of $41.47.

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

Waystar News Roundup

Here are the key news stories impacting Waystar this week:

• Positive Sentiment: Waystar launched new AltitudeAI agentic capabilities designed to autonomously execute revenue-cycle tasks, including claims processing, denial management, documentation, and patient billing. The company says the tools connect AI-generated insights directly to action, potentially improving provider efficiency and strengthening long-term revenue growth. Waystar Launches New Agentic Solutions Transforming AI Into Action Across the Revenue Cycle
• Positive Sentiment: Coverage of the product rollout highlights Waystar’s expansion of AI-powered tools across claims, denials, and revenue-cycle documentation. Successful adoption could increase customer value, support pricing power, and differentiate Waystar in healthcare payment software. Waystar expands AI-powered agentic revenue cycle tools
• Positive Sentiment: Needham reaffirmed its Buy rating and set a $33 price target, implying substantial upside from the referenced stock level. The endorsement may reinforce investor confidence in Waystar’s growth and AI strategy. Needham rating report
• Positive Sentiment: Waystar announced two executive leadership appointments intended to accelerate innovation, client adoption, and durable growth, adding support to management’s autonomous-revenue-cycle strategy. Waystar Expands Executive Leadership to Accelerate Innovation and Growth
• Neutral Sentiment: Waystar’s analyst/investor-day transcript and presentation provide additional detail on its strategy, but the supplied reports do not identify specific new financial guidance or targets. Waystar Analyst/Investor Day Transcript
• Neutral Sentiment: Reported short-interest data showed zero shares and a zero-day ratio, but the figures include an invalid percentage-change calculation and appear unreliable, offering little usable signal for investors.

Analyst Ratings Changes

A number of research firms have issued reports on WAY. Wells Fargo & Company cut their price objective on shares of Waystar from $36.00 to $33.00 and set an "overweight" rating for the company in a report on Thursday, July 30th. Wolfe Research upgraded Waystar to an "outperform" rating in a research note on Thursday, August 13th. Citigroup reissued a "buy" rating on shares of Waystar in a research report on Monday, July 20th. Weiss Ratings lowered Waystar from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, June 24th. Finally, Truist Financial dropped their price objective on Waystar from $38.00 to $33.00 and set a "buy" rating for the company in a report on Thursday, August 13th. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Waystar presently has an average rating of "Moderate Buy" and a consensus target price of $35.00.

Waystar 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.

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