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

Tpg Gp A LLC reduced its position in Waystar Holding Corp. (NASDAQ:WAY - Free Report) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,098,033 shares of the company's stock after selling 13,027 shares during the quarter. Waystar makes up 2.4% of Tpg Gp A LLC's portfolio, making the stock its 8th largest holding. Tpg Gp A LLC owned approximately 2.38% of Waystar worth $150,398,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WAY. Global Retirement Partners LLC acquired a new stake in shares of Waystar in the 4th quarter valued at $25,000. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Waystar in the 4th quarter valued at $48,000. Gen Wealth Partners Inc acquired a new stake in shares of Waystar in the 4th quarter valued at $92,000. RiverPark Advisors LLC boosted its stake in shares of Waystar by 25.5% in the 4th quarter. RiverPark Advisors LLC now owns 3,498 shares of the company's stock valued at $128,000 after purchasing an additional 710 shares in the last quarter. Finally, Pictet Asset Management Holding SA acquired a new stake in shares of Waystar in the 4th quarter valued at $237,000.

Insider Buying and Selling at Waystar

In related news, major shareholder Canada Pension Plan Investment sold 7,517,168 shares of Waystar stock in a transaction dated 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 completion of the sale, the insider now owns 29,692,286 shares of the company's stock, valued at approximately $1,187,691,440. The trade was a 20.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Melissa F. (Missy) Miller sold 3,400 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $42.15, for a total transaction of $143,310.00. Following the completion of the transaction, the chief marketing officer now owns 43,478 shares in the company, valued at approximately $1,832,597.70. This trade represents a 7.25% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,470,151 shares of company stock valued at $531,042,240. 4.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Waystar Stock Performance

Shares of WAY 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 stock has a market cap of $6.81 billion and a PE ratio of 437.11. The stock has a 50-day moving average of $37.64 and a 200-day moving average of $36.99. Waystar Holding Corp. has a one year low of $20.26 and a one year high of $48.11.

Waystar (NASDAQ:WAY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.32 EPS for the quarter, meeting analysts' consensus estimates of $0.32. The company had revenue of $256.44 million during the quarter, compared to the consensus estimate of $248.47 million. The firm's revenue was up 14.1% on a year-over-year basis. As a group, sell-side analysts expect that Waystar Holding Corp. will post 0.39 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.

Want to see what other hedge funds are holding WAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Waystar Holding Corp. (NASDAQ:WAY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.