3,995,805 Shares in Waystar Holding Corp. (NASDAQ:WAY) Bought by Tpg Gp A LLC

TPG GP A LLC acquired a new position in shares of Waystar Holding Corp. (NASDAQ:WAY - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,995,805 shares of the company's stock, valued at approximately $85,910,000. Waystar comprises about 2.0% of TPG GP A LLC's investment portfolio, making the stock its 15th biggest position. TPG GP A LLC owned 2.40% of Waystar as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Waystar in the second quarter valued at approximately $145,000. Federated Hermes Inc. purchased a new stake in Waystar in the 2nd quarter valued at approximately $430,000. Sandia Investment Management LP acquired a new stake in Waystar during the 2nd quarter valued at $860,000. Sei Investments Co. purchased a new position in Waystar during the second quarter worth $1,435,000. Finally, TD Asset Management Inc acquired a new position in shares of Waystar in the second quarter worth $1,633,000.

Analysts Set New Price Targets

A number of research firms recently commented on WAY. Barclays started coverage on Waystar in a research report on Tuesday, July 2nd. They set an "overweight" rating and a $24.00 price objective for the company. Raymond James initiated coverage on shares of Waystar in a research report on Tuesday, July 2nd. They issued an "outperform" rating and a $30.00 price objective for the company. Evercore ISI raised their target price on shares of Waystar from $25.00 to $27.00 and gave the stock an "outperform" rating in a research report on Thursday, August 8th. Royal Bank of Canada boosted their price target on Waystar from $27.00 to $31.00 and gave the company an "outperform" rating in a report on Friday, September 6th. Finally, Canaccord Genuity Group began coverage on Waystar in a report on Tuesday, July 2nd. They set a "buy" rating and a $30.00 price objective on the stock. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $28.90.

Waystar Price Performance

NASDAQ:WAY traded up $0.21 on Wednesday, hitting $27.29. 734,831 shares of the stock were exchanged, compared to its average volume of 916,080. The business has a fifty day moving average of $25.19. Waystar Holding Corp. has a fifty-two week low of $20.26 and a fifty-two week high of $28.57.

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

About Waystar

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