Canada Pension Plan Investment Board Purchases Shares of 37,209,454 Waystar Holding Corp. (NASDAQ:WAY)

Canada Pension Plan Investment Board purchased a new position in Waystar Holding Corp. (NASDAQ:WAY - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 37,209,454 shares of the company's stock, valued at approximately $800,003,000. Waystar makes up 0.8% of Canada Pension Plan Investment Board's investment portfolio, making the stock its 24th largest holding. Canada Pension Plan Investment Board owned approximately 22.33% of Waystar at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Federated Hermes Inc. bought a new stake in Waystar in the 2nd quarter worth about $430,000. TD Asset Management Inc bought a new stake in shares of Waystar in the second quarter worth approximately $1,633,000. Peregrine Capital Management LLC purchased a new position in shares of Waystar during the second quarter valued at approximately $9,010,000. Finally, American Century Companies Inc. purchased a new position in shares of Waystar during the second quarter valued at approximately $28,357,000.

Waystar Trading Up 1.2 %

NASDAQ WAY traded up $0.32 on Friday, reaching $27.33. 9,538,277 shares of the stock were exchanged, compared to its average volume of 923,533. Waystar Holding Corp. has a one year low of $20.26 and a one year high of $28.57. The firm's 50-day moving average price is $24.86.

Waystar (NASDAQ:WAY - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.05. The firm had revenue of $234.50 million for the quarter, compared to analysts' expectations of $216.25 million. The firm's quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.07) EPS. Sell-side analysts forecast that Waystar Holding Corp. will post -0.08 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on WAY shares. The Goldman Sachs Group started coverage on shares of Waystar in a research report on Tuesday, July 2nd. They issued a "buy" rating and a $32.00 target price for the company. JPMorgan Chase & Co. upped their price objective on Waystar from $24.00 to $27.00 and gave the company an "overweight" rating in a research report on Monday, August 19th. Canaccord Genuity Group began coverage on Waystar in a research report on Tuesday, July 2nd. They issued a "buy" rating and a $30.00 target price on the stock. Royal Bank of Canada upped their price target on shares of Waystar from $27.00 to $31.00 and gave the company an "outperform" rating in a research report on Friday, September 6th. Finally, William Blair assumed coverage on shares of Waystar in a research note on Tuesday, July 2nd. They issued an "outperform" rating on the stock. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $28.90.

About Waystar

Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.