Quantinno Capital Management LP Buys 79,368 Shares of Flywire Corporation $FLYW

Quantinno Capital Management LP raised its stake in shares of Flywire Corporation (NASDAQ:FLYW) by 49.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 238,849 shares of the company’s stock after purchasing an additional 79,368 shares during the period. Quantinno Capital Management LP owned 0.19% of Flywire worth $2,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Jennison Associates LLC raised its holdings in Flywire by 35.2% during the 4th quarter. Jennison Associates LLC now owns 4,420,633 shares of the company’s stock valued at $62,596,000 after buying an additional 1,150,802 shares during the period. Voss Capital LP boosted its stake in Flywire by 21.5% during the fourth quarter. Voss Capital LP now owns 11,750,000 shares of the company’s stock worth $166,380,000 after buying an additional 2,080,202 shares during the period. Renaissance Technologies LLC boosted its stake in Flywire by 110.8% during the first quarter. Renaissance Technologies LLC now owns 887,200 shares of the company’s stock worth $10,327,000 after buying an additional 466,300 shares during the period. AlphaQuest LLC increased its position in Flywire by 372.4% during the fourth quarter. AlphaQuest LLC now owns 105,448 shares of the company’s stock valued at $1,493,000 after acquiring an additional 83,128 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in Flywire by 103.3% during the fourth quarter. BNP Paribas Financial Markets now owns 1,023,958 shares of the company’s stock valued at $14,499,000 after acquiring an additional 520,256 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Flywire news, General Counsel Peter Butterfield sold 6,528 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $15.08, for a total value of $98,442.24. Following the completion of the sale, the general counsel directly owned 652,152 shares in the company, valued at approximately $9,834,452.16. This represents a 0.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Rob Orgel sold 178,980 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $17.00, for a total value of $3,042,660.00. Following the transaction, the chief operating officer directly owned 959,061 shares in the company, valued at $16,304,037. The trade was a 15.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 304,889 shares of company stock valued at $4,958,590 over the last 90 days. 5.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FLYW. Raymond James Financial restated an “outperform” rating and issued a $22.00 target price on shares of Flywire in a report on Wednesday, May 27th. BTIG Research reissued a “buy” rating and issued a $20.00 price objective on shares of Flywire in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft raised shares of Flywire to an “outperform” rating in a research note on Wednesday, May 27th. Truist Financial restated a “hold” rating and set a $17.00 target price (down from $18.00) on shares of Flywire in a research report on Friday, July 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $22.00 target price on shares of Flywire in a research note on Wednesday. Eight analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Flywire currently has a consensus rating of “Hold” and a consensus target price of $19.38.

Flywire Stock Performance

NASDAQ FLYW opened at $17.78 on Monday. The stock has a market cap of $2.19 billion, a PE ratio of 68.39, a PEG ratio of 1.82 and a beta of 1.34. Flywire Corporation has a 12 month low of $10.55 and a 12 month high of $18.98. The company’s 50-day moving average price is $16.68 and its 200-day moving average price is $14.39.

Flywire (NASDAQ:FLYW) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The company had revenue of $163.80 million for the quarter, compared to the consensus estimate of $156.47 million. Flywire had a net margin of 4.77% and a return on equity of 4.08%. The company’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.10) EPS. As a group, sell-side analysts forecast that Flywire Corporation will post 0.28 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.