Norwood Investment Partners LP Has $11.65 Million Position in Flywire Corporation $FLYW

Norwood Investment Partners LP raised its holdings in shares of Flywire Corporation (NASDAQ:FLYW) by 48.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 860,500 shares of the company’s stock after acquiring an additional 280,424 shares during the period. Flywire comprises approximately 10.0% of Norwood Investment Partners LP’s portfolio, making the stock its 4th biggest holding. Norwood Investment Partners LP’s holdings in Flywire were worth $11,651,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in FLYW. Voss Capital LP lifted its holdings in shares of Flywire by 176.0% in the 2nd quarter. Voss Capital LP now owns 8,100,000 shares of the company’s stock worth $94,770,000 after acquiring an additional 5,165,014 shares during the last quarter. Divisadero Street Capital Management LP raised its position in Flywire by 178.0% in the 2nd quarter. Divisadero Street Capital Management LP now owns 4,784,654 shares of the company’s stock worth $55,980,000 after purchasing an additional 3,063,518 shares during the period. Azora Capital LP bought a new stake in Flywire in the second quarter worth $33,355,000. Primecap Management Co. CA boosted its position in Flywire by 0.5% during the third quarter. Primecap Management Co. CA now owns 1,545,240 shares of the company’s stock valued at $20,923,000 after buying an additional 8,000 shares during the period. Finally, Marshall Wace LLP boosted its position in Flywire by 10.8% during the second quarter. Marshall Wace LLP now owns 1,394,544 shares of the company’s stock valued at $16,316,000 after buying an additional 135,940 shares during the period. 95.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FLYW has been the topic of several analyst reports. Morgan Stanley upgraded Flywire from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $15.00 to $17.00 in a report on Monday. Weiss Ratings restated a “sell (d)” rating on shares of Flywire in a research report on Thursday, January 22nd. Stephens upgraded Flywire from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $17.00 to $19.00 in a research report on Friday, January 16th. B. Riley Financial increased their price objective on Flywire from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Finally, UBS Group decreased their target price on shares of Flywire from $15.50 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.58.

Insider Buying and Selling at Flywire

In other Flywire news, Director Phillip John Riese sold 16,612 shares of the company’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $15.08, for a total value of $250,508.96. Following the completion of the transaction, the director directly owned 234,493 shares in the company, valued at approximately $3,536,154.44. This represents a 6.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Peter Butterfield sold 13,327 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $15.01, for a total transaction of $200,038.27. Following the completion of the sale, the general counsel directly owned 374,933 shares of the company’s stock, valued at approximately $5,627,744.33. This represents a 3.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have purchased 251,112 shares of company stock valued at $3,477,834 and have sold 38,426 shares valued at $567,215. Insiders own 4.40% of the company’s stock.

Flywire Stock Performance

NASDAQ FLYW opened at $12.85 on Thursday. Flywire Corporation has a fifty-two week low of $8.20 and a fifty-two week high of $15.25. The stock has a 50 day simple moving average of $12.84 and a two-hundred day simple moving average of $13.25. The stock has a market cap of $1.57 billion, a P/E ratio of 128.51, a price-to-earnings-growth ratio of 1.26 and a beta of 1.28.

Flywire (NASDAQ:FLYW) last posted its earnings results on Tuesday, February 24th. The company reported $105.55 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $105.56. The firm had revenue of $157.54 million for the quarter, compared to analysts’ expectations of $144.96 million. Flywire had a return on equity of 2.76% and a net margin of 2.17%.The business’s revenue was up 34.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.12) earnings per share. Sell-side analysts predict that Flywire Corporation will post 0.14 earnings per share for the current year.

About Flywire

Flywire Corp (NASDAQ: FLYW) is a global payments enablement and software company that specializes in facilitating complex cross-border transactions. Its cloud-based platform streamlines receivables and payer workflows across key verticals including education, healthcare, travel and hospitality, and commercial services. Flywire’s technology integrates with institutional systems to automate payment posting, reconciliation and reporting, aiming to improve the payer experience and accelerate cash flow for its clients.

Founded in 2009 by entrepreneur Iker Marcaide as peerTransfer, the company rebranded as Flywire in 2015.