Flywire Co. (NASDAQ:FLYW) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lowered its holdings in Flywire Co. (NASDAQ:FLYW) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,850,980 shares of the company’s stock after selling 36,187 shares during the quarter. Blair William & Co. IL owned 1.49% of Flywire worth $38,167,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Flywire in the fourth quarter valued at about $35,579,000. Teacher Retirement System of Texas purchased a new position in Flywire in the fourth quarter valued at about $24,363,000. Jennison Associates LLC lifted its position in shares of Flywire by 53.0% during the 4th quarter. Jennison Associates LLC now owns 3,406,312 shares of the company’s stock valued at $70,238,000 after acquiring an additional 1,179,562 shares during the period. Vanguard Group Inc. boosted its stake in shares of Flywire by 6.9% during the 4th quarter. Vanguard Group Inc. now owns 12,087,221 shares of the company’s stock worth $249,238,000 after acquiring an additional 781,711 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Flywire by 73.8% in the 4th quarter. Victory Capital Management Inc. now owns 806,257 shares of the company’s stock worth $16,625,000 after acquiring an additional 342,245 shares during the period. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Flywire Stock Performance

Shares of NASDAQ:FLYW opened at $9.95 on Friday. The stock’s 50-day moving average is $15.42 and its 200-day moving average is $17.86. The company has a market cap of $1.23 billion, a P/E ratio of 66.33, a P/E/G ratio of 1.41 and a beta of 1.17. Flywire Co. has a 52-week low of $8.62 and a 52-week high of $25.10.

Flywire (NASDAQ:FLYW) last announced its quarterly earnings results on Tuesday, February 25th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The business had revenue of $112.80 million during the quarter, compared to the consensus estimate of $118.85 million. Flywire had a net margin of 4.23% and a return on equity of 2.49%. As a group, equities analysts predict that Flywire Co. will post 0.14 EPS for the current year.

Insider Activity at Flywire

In other news, Director Gretchen Howard bought 8,889 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were purchased at an average price of $10.94 per share, for a total transaction of $97,245.66. Following the purchase, the director now owns 30,770 shares of the company’s stock, valued at approximately $336,623.80. The trade was a 40.62 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Peter Butterfield sold 5,523 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $10.08, for a total value of $55,671.84. Following the transaction, the general counsel now directly owns 247,561 shares of the company’s stock, valued at $2,495,414.88. This trade represents a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Morgan Stanley decreased their target price on Flywire from $21.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 26th. Stephens lowered shares of Flywire from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $26.00 to $15.00 in a research report on Wednesday, February 26th. BTIG Research cut shares of Flywire from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 26th. Seaport Res Ptn downgraded shares of Flywire from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Royal Bank of Canada dropped their price objective on shares of Flywire from $25.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $18.23.

About Flywire

Flywire Corporation, together with its subsidiaries, operates as a payments enablement and software company in the United States and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company’s platform facilitates payment flows across multiple currencies, payment types, and payment options, as well as provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly.