American Century Companies Inc. Purchases 69,873 Shares of Flywire Corporation $FLYW

Key Points

• American Century Companies Inc. increased its stake in Flywire Corporation by 228.1% in Q1, owning approximately 0.08% of the company worth $955,000 after acquiring an additional 69,873 shares.
• Flywire reported a net revenue increase of 27.2% year-over-year, with quarterly earnings of $127.50 million, though its earnings per share missed analyst estimates.
• Several institutional investors and hedge funds own around 95.90% of Flywire's stock, indicating strong interest and investment in the company.

American Century Companies Inc. boosted its position in shares of Flywire Corporation (NASDAQ:FLYW - Free Report) by 228.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,499 shares of the company's stock after acquiring an additional 69,873 shares during the period. American Century Companies Inc. owned 0.08% of Flywire worth $955,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FLYW. First Trust Advisors LP purchased a new position in Flywire during the fourth quarter valued at $297,000. Northern Trust Corp increased its stake in shares of Flywire by 10.3% in the fourth quarter. Northern Trust Corp now owns 1,149,254 shares of the company's stock worth $23,698,000 after acquiring an additional 107,441 shares during the period. Algert Global LLC purchased a new position in shares of Flywire during the 4th quarter valued at approximately $546,000. BNP Paribas Financial Markets purchased a new stake in Flywire in the 4th quarter worth $378,000. Finally, Bayesian Capital Management LP raised its holdings in Flywire by 6.9% in the 4th quarter. Bayesian Capital Management LP now owns 20,059 shares of the company's stock valued at $414,000 after buying an additional 1,300 shares during the period. Institutional investors own 95.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FLYW. Wall Street Zen upgraded shares of Flywire from a "sell" rating to a "hold" rating in a research note on Sunday, August 10th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Flywire in a research report on Thursday, July 17th. They set a "hold" rating and a $12.00 target price on the stock. B. Riley lowered their price objective on Flywire from $17.00 to $15.00 and set a "buy" rating for the company in a research note on Monday, June 23rd. Truist Financial lifted their target price on Flywire from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Finally, UBS Group lifted their target price on Flywire from $11.50 to $13.50 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $13.71.

Flywire Stock Up 1.9%

FLYW traded up $0.25 on Monday, hitting $13.24. The company had a trading volume of 1,121,975 shares, compared to its average volume of 2,507,605. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.87 and a current ratio of 1.87. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 264.30, a P/E/G ratio of 2.74 and a beta of 1.29. The stock has a fifty day moving average price of $11.94 and a 200-day moving average price of $10.94. Flywire Corporation has a 12-month low of $8.20 and a 12-month high of $23.40.

Flywire (NASDAQ:FLYW - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.02). Flywire had a net margin of 1.27% and a return on equity of 1.94%. The firm had revenue of $127.50 million during the quarter, compared to analysts' expectations of $119.65 million. During the same period in the prior year, the company posted ($0.11) EPS. The company's revenue for the quarter was up 27.2% compared to the same quarter last year. Flywire has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts predict that Flywire Corporation will post 0.14 EPS for the current fiscal 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.