Flywire Corporation $FLYW Stock Position Increased by One Way Holdings LLC

One Way Holdings LLC increased its holdings in Flywire Corporation (NASDAQ:FLYW) by 7.2% in the 3rd quarter, Holdings Channel reports. 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’s holdings in Flywire were worth $19,808,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Essential Partners LLC raised its holdings in Flywire by 219.1% during the 1st quarter. Essential Partners LLC now owns 2,288 shares of the company’s stock valued at $27,000 after acquiring an additional 1,571 shares during the period. Nykredit A S bought a new position in shares of Flywire in the second quarter worth $29,000. KBC Group NV bought a new position in shares of Flywire in the first quarter worth $38,000. Leonteq Securities AG grew its position in shares of Flywire by 267.6% in the first quarter. Leonteq Securities AG now owns 3,540 shares of the company’s stock valued at $41,000 after purchasing an additional 2,577 shares in the last quarter. Finally, IFP Advisors Inc grew its position in shares of Flywire by 168.7% in the third quarter. IFP Advisors Inc now owns 2,483 shares of the company’s stock valued at $43,000 after purchasing an additional 1,559 shares in the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on FLYW shares. Citigroup reiterated a “neutral” rating on shares of Flywire in a research note on Thursday, August 6th. UBS Group reaffirmed a “neutral” rating on shares of Flywire in a report on Thursday, September 17th. Morgan Stanley upped their price target on Flywire from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Wednesday. Seaport Research Partners reissued a “buy” rating and issued a $22.00 price target on shares of Flywire in a report on Monday, August 17th. Finally, Zacks Research lowered shares of Flywire from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Seven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $20.46.

Insider Activity

In related news, major shareholder Voss Capital, Lp sold 44,768 shares of Flywire stock in a transaction on Friday, August 28th. The shares were sold at an average price of $18.78, for a total value of $840,743.04. Following the transaction, the insider owned 11,069,321 shares in the company, valued at $207,881,848.38. This trade represents a 0.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David R. King sold 36,900 shares of the business’s stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $18.32, for a total transaction of $676,008.00. Following the completion of the sale, the insider directly owned 202,404 shares of the company’s stock, valued at $3,708,041.28. This represents a 15.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 592,618 shares of company stock valued at $11,230,341. Corporate insiders own 5.00% of the company’s stock.

Flywire Price Performance

Shares of NASDAQ FLYW opened at $19.69 on Monday. The stock’s 50-day simple moving average is $18.30 and its two-hundred day simple moving average is $15.53. Flywire Corporation has a twelve month low of $10.55 and a twelve month high of $19.79. The firm has a market capitalization of $2.40 billion, a P/E ratio of 75.73, a P/E/G ratio of 1.25 and a beta of 1.32.

Flywire (NASDAQ:FLYW) last released its earnings results on Tuesday, August 4th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The firm had revenue of $163.80 million during 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 firm’s revenue was up 27.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.10) EPS. As a group, research analysts anticipate that Flywire Corporation will post 0.40 EPS for the current fiscal year.

Flywire Company Profile

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.