American Century Companies Inc. Acquires New Position in Flywire Co. (NASDAQ:FLYW)

American Century Companies Inc. purchased a new position in Flywire Co. (NASDAQ:FLYW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 30,626 shares of the company's stock, valued at approximately $632,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Global Retirement Partners LLC purchased a new position in Flywire in the 4th quarter worth about $30,000. Arcadia Investment Management Corp MI bought a new position in Flywire during the fourth quarter valued at approximately $48,000. KBC Group NV boosted its holdings in Flywire by 64.0% in the fourth quarter. KBC Group NV now owns 4,899 shares of the company's stock worth $101,000 after purchasing an additional 1,911 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in Flywire in the 4th quarter worth approximately $104,000. Finally, World Investment Advisors LLC bought a new stake in Flywire in the 3rd quarter worth approximately $209,000. 95.90% of the stock is owned by institutional investors.

Insider Activity at Flywire

In other Flywire news, Director Gretchen Howard purchased 8,889 shares of Flywire stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of $10.94 per share, for a total transaction of $97,245.66. Following the acquisition, the director now owns 30,770 shares in the company, valued at $336,623.80. This trade represents 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 business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $10.08, for a total value of $55,671.84. Following the completion of the transaction, the general counsel now directly owns 247,561 shares of the company's stock, valued at approximately $2,495,414.88. The trade was 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 owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft downgraded Flywire from a "buy" rating to a "hold" rating and dropped their price target for the stock from $26.00 to $16.00 in a research note on Wednesday, February 26th. Seaport Res Ptn lowered shares of Flywire from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Citigroup dropped their price objective on shares of Flywire from $26.00 to $13.00 and set a "buy" rating on the stock in a report on Monday, March 24th. The Goldman Sachs Group reduced their target price on shares of Flywire from $15.00 to $11.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Finally, UBS Group downgraded shares of Flywire from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $25.00 to $15.00 in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $17.00.

Flywire Trading Down 1.0 %

Shares of NASDAQ FLYW traded down $0.09 during trading hours on Thursday, hitting $8.74. 202,098 shares of the company traded hands, compared to its average volume of 2,467,994. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 58.15, a price-to-earnings-growth ratio of 1.41 and a beta of 1.22. The company's 50 day moving average price is $12.05 and its 200 day moving average price is $16.96. Flywire Co. has a 12 month low of $8.20 and a 12 month high of $23.40.

Flywire (NASDAQ:FLYW - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The firm had revenue of $112.80 million for 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%. Equities analysts anticipate that Flywire Co. will post 0.14 EPS for the current year.

Flywire Company Profile

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.