Dimensional Fund Advisors LP Raises Stake in Flywire Co. (NASDAQ:FLYW)

Dimensional Fund Advisors LP lifted its stake in Flywire Co. (NASDAQ:FLYW - Free Report) by 12.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,466,000 shares of the company's stock after purchasing an additional 157,779 shares during the period. Dimensional Fund Advisors LP owned 1.18% of Flywire worth $30,227,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other news, Director Gretchen Howard bought 8,889 shares of Flywire stock in a transaction dated Thursday, February 27th. The stock was purchased at an average price of $10.94 per share, for a total transaction of $97,245.66. Following the purchase, the director now directly owns 30,770 shares in the company, valued at $336,623.80. The trade was a 40.62 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Peter Butterfield sold 5,523 shares of Flywire 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 sale, the general counsel now owns 247,561 shares in the company, valued at $2,495,414.88. This trade represents a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company's stock.

Flywire Stock Performance

Flywire stock traded down $0.23 during midday trading on Friday, reaching $10.89. 2,043,831 shares of the company's stock were exchanged, compared to its average volume of 1,728,229. The stock's 50-day simple moving average is $9.57 and its 200 day simple moving average is $16.13. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 72.60, a P/E/G ratio of 1.41 and a beta of 1.22. Flywire Co. has a 52 week low of $8.20 and a 52 week high of $23.40.

Flywire (NASDAQ:FLYW - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.02. Flywire had a return on equity of 2.49% and a net margin of 4.23%. The business had revenue of $128.70 million for the quarter, compared to analyst estimates of $124.18 million. During the same period in the previous year, the firm earned ($0.05) EPS. The firm's revenue was up 17.0% compared to the same quarter last year. Research analysts forecast that Flywire Co. will post 0.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wolfe Research restated a "peer perform" rating on shares of Flywire in a research report on Wednesday, April 23rd. Stephens lowered shares of Flywire from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $26.00 to $15.00 in a research note on Wednesday, February 26th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $9.00 target price (down from $16.00) on shares of Flywire in a report on Monday, April 14th. Seaport Res Ptn downgraded Flywire from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, The Goldman Sachs Group lifted their price target on shares of Flywire from $10.00 to $12.00 and gave the company a "neutral" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $15.62.

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.