Flywire Corporation $FLYW Stock Purchased by One Way Holdings LLC

One Way Holdings LLC grew its stake in Flywire Corporation (NASDAQ:FLYW) by 7.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,131,863 shares of the company’s stock after purchasing an additional 76,310 shares during the period. One Way Holdings LLC owned about 0.93% of Flywire worth $19,808,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vise Technologies Inc. acquired a new position in shares of Flywire during the third quarter worth $404,000. Simplicity Wealth LLC acquired a new stake in shares of Flywire during the 3rd quarter valued at $294,000. Sterling Capital Management LLC boosted its holdings in shares of Flywire by 592.3% during the 3rd quarter. Sterling Capital Management LLC now owns 3,884 shares of the company’s stock valued at $68,000 after acquiring an additional 3,323 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Flywire by 30.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,986 shares of the company’s stock valued at $105,000 after acquiring an additional 1,403 shares in the last quarter. Finally, IFP Advisors Inc grew its position in Flywire by 168.7% during the 3rd quarter. IFP Advisors Inc now owns 2,483 shares of the company’s stock worth $43,000 after acquiring an additional 1,559 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

Flywire Price Performance

NASDAQ FLYW opened at $19.69 on Monday. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 75.73, a PEG ratio of 1.25 and a beta of 1.32. Flywire Corporation has a one year low of $10.55 and a one year high of $19.79. The business’s fifty day moving average is $18.30 and its 200-day moving average is $15.53.

Flywire (NASDAQ:FLYW) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The company had revenue of $163.80 million during the quarter, compared to the consensus estimate of $156.47 million. Flywire had a return on equity of 4.08% and a net margin of 4.77%. The business’s revenue was up 27.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.10) EPS. Research analysts expect that Flywire Corporation will post 0.40 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Seaport Research Partners restated a “buy” rating and issued a $22.00 price target on shares of Flywire in a report on Monday, August 17th. Citigroup reiterated a “neutral” rating on shares of Flywire in a report on Thursday, August 6th. Wolfe Research raised their target price on Flywire from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $22.00 target price on shares of Flywire in a research report on Wednesday, August 5th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Flywire in a research note on Thursday, September 17th. Seven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Flywire currently has an average rating of “Hold” and a consensus price target of $20.46.

Insider Buying and Selling at Flywire

In other Flywire news, General Counsel Peter Butterfield sold 12,156 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $17.99, for a total value of $218,686.44. Following the completion of the sale, the general counsel directly owned 601,022 shares of the company’s stock, valued at $10,812,385.78. This trade represents a 1.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Voss Capital, Lp sold 172,973 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $19.19, for a total value of $3,319,351.87. Following the completion of the sale, the insider owned 369,168 shares in the company, valued at approximately $7,084,333.92. The trade was a 31.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 592,618 shares of company stock valued at $11,230,341. Company insiders own 5.00% of the company’s stock.

About Flywire

Flywire Corp. (NASDAQ: FLYW) is a global payments and software company that helps organizations receive and manage payments from customers and clients in multiple countries and currencies. Its platform is designed to simplify complex, cross-border transactions while providing payment tracking, reconciliation and related accounts-receivable capabilities.

The company serves several major verticals, including education, healthcare, travel and business-to-business payments. Its products and services include international and domestic payment processing, digital billing and invoicing, payment plans, embedded payment solutions and tools that help organizations automate reconciliation and improve the payment experience.

Flywire was founded in 2009 as peerTransfer and is headquartered in Boston, Massachusetts.