Marshall Wace LLP Buys Shares of 291,131 Waystar Holding Corp. (NASDAQ:WAY)

Marshall Wace LLP purchased a new position in Waystar Holding Corp. (NASDAQ:WAY) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 291,131 shares of the company’s stock, valued at approximately $6,259,000. Marshall Wace LLP owned 0.17% of Waystar as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. purchased a new stake in shares of Waystar during the 2nd quarter worth $28,357,000. Canada Pension Plan Investment Board purchased a new stake in shares of Waystar during the second quarter valued at about $800,003,000. Davidson Kempner Capital Management LP bought a new stake in shares of Waystar in the 2nd quarter valued at about $4,300,000. TD Asset Management Inc purchased a new position in shares of Waystar in the 2nd quarter worth approximately $1,633,000. Finally, Federated Hermes Inc. purchased a new position in shares of Waystar in the 2nd quarter worth approximately $430,000.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Raymond James began coverage on Waystar in a report on Tuesday, July 2nd. They set an “outperform” rating and a $30.00 price objective for the company. Canaccord Genuity Group started coverage on shares of Waystar in a research report on Tuesday, July 2nd. They issued a “buy” rating and a $30.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on shares of Waystar from $24.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, August 19th. The Goldman Sachs Group assumed coverage on shares of Waystar in a report on Tuesday, July 2nd. They issued a “buy” rating and a $32.00 price target for the company. Finally, Barclays began coverage on shares of Waystar in a report on Tuesday, July 2nd. They set an “overweight” rating and a $24.00 price objective on the stock. Eleven analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $28.90.

Waystar Stock Up 0.4 %

WAY opened at $27.89 on Tuesday. The business’s fifty day moving average is $25.61. Waystar Holding Corp. has a 12 month low of $20.26 and a 12 month high of $28.57.

Waystar (NASDAQ:WAY) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $216.25 million. Waystar’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.07) earnings per share. As a group, research analysts forecast that Waystar Holding Corp. will post -0.08 EPS for the current fiscal year.

Waystar Profile

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