ARGA Investment Management LP Purchases 64,377 Shares of Waystar Holding Corp. $WAY

Key Points

• ARGA Investment Management nearly doubled its Waystar stake in the third quarter, buying 64,377 shares and ending the period with 128,827 shares valued at about $3.26 million.
• Waystar’s quarterly revenue increased 21.2% year over year to $325.6 million, while EPS of $0.44 beat analysts’ $0.41 estimate.
• Analysts have a consensus Moderate Buy rating and a $35.14 average price target; Canaccord raised its target to $34 while maintaining a Buy rating.

ARGA Investment Management LP increased its stake in Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 99.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 128,827 shares of the company's stock after purchasing an additional 64,377 shares during the quarter. ARGA Investment Management LP owned about 0.07% of Waystar worth $3,264,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WAY. VCI Wealth Management LLC acquired a new stake in shares of Waystar in the third quarter valued at $1,204,000. Salomon & Ludwin LLC grew its holdings in Waystar by 310.6% during the third quarter. Salomon & Ludwin LLC now owns 1,010 shares of the company's stock worth $26,000 after acquiring an additional 764 shares during the period. Modera Wealth Management LLC acquired a new position in Waystar during the third quarter worth about $1,276,000. Smith Group Asset Management LLC raised its position in Waystar by 1.5% in the third quarter. Smith Group Asset Management LLC now owns 29,634 shares of the company's stock worth $751,000 after acquiring an additional 433 shares in the last quarter. Finally, Robeco Schweiz AG bought a new stake in Waystar in the third quarter worth about $1,397,000.

Waystar Stock Down 1.7%

Shares of NASDAQ:WAY opened at $27.66 on Wednesday. The firm has a 50 day simple moving average of $26.27 and a 200 day simple moving average of $23.96. Waystar Holding Corp. has a 52 week low of $17.26 and a 52 week high of $37.71. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market cap of $5.30 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.10 and a beta of 0.11.

Waystar (NASDAQ:WAY - Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. The firm had revenue of $325.62 million during the quarter, compared to the consensus estimate of $323.43 million. Waystar had a return on equity of 6.95% and a net margin of 10.70%. The business's revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.37 EPS. As a group, research analysts expect that Waystar Holding Corp. will post 1.47 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on WAY shares. Weiss Ratings raised shares of Waystar from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, October 2nd. Wells Fargo & Company reduced their price objective on shares of Waystar from $36.00 to $33.00 and set an "overweight" rating for the company in a research report on Thursday, July 30th. UBS Group lowered their price objective on shares of Waystar from $37.00 to $33.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Needham & Company LLC reissued a "buy" rating and set a $33.00 target price on shares of Waystar in a research note on Wednesday, August 26th. Finally, Canaccord Genuity Group raised their target price on shares of Waystar from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $35.14.

More Waystar News

Here are the key news stories impacting Waystar this week:

• Positive Sentiment: Waystar’s Q3 revenue rose 21% year over year to $325.6 million, beating estimates of $323.4 million. Non-GAAP EPS of $0.44 also topped the $0.41 consensus and increased from $0.37 a year earlier. Waystar Reports Third Quarter 2026 Results
• Positive Sentiment: The company raised its 2026 adjusted EBITDA outlook to $543 million–$549 million. RBC Capital Markets also pointed to solid leading indicators and potential revenue conversion in 2027. Waystar forecasts 2026 revenue and raises EBITDA outlook RBC on Waystar’s leading indicators
• Positive Sentiment: Canaccord raised its price target to $34 and maintained a Buy rating, while TD Cowen kept its Buy rating despite trimming its target to $39. Canaccord analyst recommendations TD Cowen analyst recommendations
• Neutral Sentiment: Waystar’s full-year 2026 revenue forecast of about $1.3 billion was broadly in line with consensus; its EPS guidance of $1.63–$1.71 starts at the consensus estimate of $1.63. Waystar 2026 earnings guidance

Insider Activity

In related news, CEO Matthew Hawkins sold 82,500 shares of Waystar stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $26.23, for a total transaction of $2,163,975.00. Following the completion of the sale, the chief executive officer owned 1,804,794 shares of the company's stock, valued at approximately $47,339,746.62. This trade represents a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 247,500 shares of company stock worth $6,370,499 in the last ninety days. 3.50% of the stock is currently owned by company insiders.

About Waystar

Waystar Holding Corp. is a healthcare technology company that provides cloud-based software designed to simplify administrative and financial processes across the healthcare industry. Its platform connects healthcare providers, health plans and patients, helping organizations manage revenue cycle operations and improve the flow of information and payments.

The company's products and services include electronic claims management, eligibility and benefits verification, prior authorization, payment integrity, denial management, patient estimates and payments, billing automation, and healthcare analytics.

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