Tpg Gp A LLC Has $150.40 Million Stock Holdings in Waystar Holding Corp. (NASDAQ:WAY)

Tpg Gp A LLC lowered its holdings in shares of Waystar Holding Corp. (NASDAQ:WAY) by 0.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,098,033 shares of the company’s stock after selling 13,027 shares during the period. Waystar comprises 2.4% of Tpg Gp A LLC’s holdings, making the stock its 8th largest holding. Tpg Gp A LLC’s holdings in Waystar were worth $150,398,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of WAY. Barclays PLC raised its stake in Waystar by 701.7% during the third quarter. Barclays PLC now owns 64,934 shares of the company’s stock worth $1,811,000 after buying an additional 56,834 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Waystar in the fourth quarter worth $1,504,000. Perpetual Ltd acquired a new stake in Waystar in the fourth quarter worth $558,000. M&T Bank Corp grew its holdings in Waystar by 16.7% in the fourth quarter. M&T Bank Corp now owns 74,390 shares of the company’s stock worth $2,730,000 after purchasing an additional 10,644 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Waystar by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 377,710 shares of the company’s stock worth $13,862,000 after purchasing an additional 11,117 shares during the period.

Insider Buying and Selling at Waystar

In related news, CMO Melissa F. (Missy) Miller sold 3,400 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $42.15, for a total value of $143,310.00. Following the transaction, the chief marketing officer now owns 43,478 shares of the company’s stock, valued at approximately $1,832,597.70. This trade represents a 7.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of Waystar stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $40.00, for a total transaction of $300,686,720.00. Following the transaction, the insider now directly owns 29,692,286 shares in the company, valued at $1,187,691,440. This represents a 20.20% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,470,151 shares of company stock worth $531,042,240. Insiders own 4.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on WAY shares. Jefferies Financial Group assumed coverage on shares of Waystar in a report on Tuesday, February 11th. They issued a “buy” rating and a $51.00 price target for the company. Canaccord Genuity Group cut their price target on shares of Waystar from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Barclays cut their price target on shares of Waystar from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group boosted their price target on shares of Waystar from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Finally, Truist Financial set a $50.00 price target on shares of Waystar and gave the stock a “buy” rating in a report on Wednesday, May 7th. Twelve investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Waystar has an average rating of “Buy” and a consensus price target of $40.50.

Waystar Stock Up 0.2%

Shares of Waystar stock opened at $39.34 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.55 and a quick ratio of 2.29. The company has a 50-day moving average of $37.64 and a 200 day moving average of $36.99. The firm has a market cap of $6.81 billion and a price-to-earnings ratio of 437.11. Waystar Holding Corp. has a 1 year low of $20.26 and a 1 year high of $48.11.

Waystar (NASDAQ:WAY) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. The firm had revenue of $256.44 million for the quarter, compared to analysts’ expectations of $248.47 million. Waystar’s revenue for the quarter was up 14.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Waystar Holding Corp. will post 0.39 earnings per share for the current fiscal year.

About Waystar

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