Dimensional Fund Advisors LP Has $49.33 Million Stock Position in Waystar Holding Corp. $WAY

Key Points

• Dimensional Fund Advisors increased its Waystar stake by 73.8% in the first quarter, adding 868,853 shares and bringing its holdings to 2.05 million shares worth approximately $49.33 million, or 1.07% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $35.14, despite several firms recently lowering their targets.
• Waystar reported quarterly EPS of $0.43, beating estimates by $0.03, while revenue reached $319.67 million and grew 18.1% year over year. The stock opened at $21.11, near the lower end of its 52-week range.

Dimensional Fund Advisors LP increased its stake in Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 73.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,046,396 shares of the company's stock after purchasing an additional 868,853 shares during the period. Dimensional Fund Advisors LP owned approximately 1.07% of Waystar worth $49,329,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kennedy Capital Management LLC increased its stake in Waystar by 0.5% in the fourth quarter. Kennedy Capital Management LLC now owns 106,207 shares of the company's stock valued at $3,478,000 after acquiring an additional 559 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Waystar by 22.1% during the fourth quarter. Pacer Advisors Inc. now owns 3,144 shares of the company's stock worth $103,000 after purchasing an additional 569 shares during the last quarter. State of Wyoming lifted its stake in Waystar by 45.1% during the second quarter. State of Wyoming now owns 2,098 shares of the company's stock worth $86,000 after purchasing an additional 652 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Waystar by 3.7% in the 4th quarter. ProShare Advisors LLC now owns 21,474 shares of the company's stock valued at $703,000 after purchasing an additional 764 shares in the last quarter. Finally, Vinva Investment Management Ltd increased its stake in shares of Waystar by 9.3% in the 4th quarter. Vinva Investment Management Ltd now owns 9,202 shares of the company's stock valued at $301,000 after purchasing an additional 786 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WAY. JPMorgan Chase & Co. lowered their price target on Waystar from $40.00 to $38.00 and set an "overweight" rating for the company in a report on Thursday, April 30th. Barclays reduced their price objective on Waystar from $36.00 to $25.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 20th. Citigroup reiterated a "buy" rating on shares of Waystar in a research report on Monday, July 20th. Wells Fargo & Company lowered their target price on Waystar from $36.00 to $33.00 and set an "overweight" rating for the company in a research note on Thursday. Finally, Weiss Ratings cut shares of Waystar from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, June 24th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $35.14.

Waystar Price Performance

Shares of NASDAQ:WAY opened at $21.11 on Monday. Waystar Holding Corp. has a 52-week low of $17.26 and a 52-week high of $41.47. The company has a market capitalization of $4.05 billion, a PE ratio of 30.16, a price-to-earnings-growth ratio of 0.82 and a beta of 0.06. 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 fifty day moving average of $20.80 and a 200-day moving average of $23.14.

Waystar (NASDAQ:WAY - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. The company had revenue of $319.67 million for the quarter, compared to the consensus estimate of $316.21 million. Waystar had a return on equity of 7.03% and a net margin of 11.18%.Waystar'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 analysts predict that Waystar Holding Corp. will post 1.47 EPS for the current fiscal year.

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.

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