Calamos Advisors LLC Makes New $1.36 Million Investment in Flywire Corporation $FLYW

Key Points

• Calamos Advisors acquired a new Flywire position in the third quarter, purchasing 77,710 shares worth about $1.36 million. Institutional investors collectively own 95.9% of the company’s stock.
• Flywire reported quarterly EPS of $0.57, beating the $0.31 consensus estimate, and revenue of $250.3 million, up 25.1% year over year.
• Analysts have a consensus Hold rating and an average price target of $22.27; seven rate the stock Buy and eight rate it Hold.

Calamos Advisors LLC acquired a new position in shares of Flywire Corporation (NASDAQ:FLYW - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 77,710 shares of the company's stock, valued at approximately $1,360,000. Calamos Advisors LLC owned about 0.06% of Flywire at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. One Way Holdings LLC raised its holdings in shares of Flywire by 7.2% in the 3rd quarter. One Way Holdings LLC now owns 1,131,863 shares of the company's stock worth $19,808,000 after acquiring an additional 76,310 shares during the last quarter. Vise Technologies Inc. bought a new position in Flywire in the 3rd quarter valued at about $404,000. Simplicity Wealth LLC acquired a new position in Flywire during the 3rd quarter valued at about $294,000. Sterling Capital Management LLC boosted its stake in Flywire by 592.3% during the 3rd quarter. Sterling Capital Management LLC now owns 3,884 shares of the company's stock valued at $68,000 after purchasing an additional 3,323 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Flywire by 30.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,986 shares of the company's stock valued at $105,000 after purchasing an additional 1,403 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

Flywire Price Performance

Shares of NASDAQ:FLYW opened at $22.13 on Tuesday. The company has a market capitalization of $2.69 billion, a PE ratio of 36.88, a price-to-earnings-growth ratio of 1.39 and a beta of 1.32. The business has a fifty day moving average price of $18.52 and a two-hundred day moving average price of $15.74. Flywire Corporation has a 1 year low of $10.55 and a 1 year high of $22.18.

Flywire (NASDAQ:FLYW - Get Free Report) last announced its earnings results on Tuesday, November 3rd. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.26. The firm had revenue of $250.30 million during the quarter, compared to analyst estimates of $233.25 million. Flywire had a return on equity of 9.46% and a net margin of 10.34%. The business's revenue was up 25.1% compared to the same quarter last year. During the same period last year, the firm posted $0.23 EPS. Sell-side analysts anticipate that Flywire Corporation will post 0.40 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on FLYW. Truist Financial increased their price objective on Flywire from $17.00 to $19.00 and gave the stock a "hold" rating in a research note on Friday, August 14th. UBS Group raised their target price on Flywire from $19.00 to $21.50 and gave the company a "neutral" rating in a report on Wednesday, November 4th. Weiss Ratings raised Flywire from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, September 1st. Citigroup lifted their target price on Flywire from $19.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday, November 5th. Finally, Seaport Research Partners reiterated a "buy" rating and set a $22.00 price target on shares of Flywire in a report on Monday, August 17th. Seven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $22.27.

Insider Activity at Flywire

In other Flywire news, insider David R. King sold 55,325 shares of Flywire stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $20.05, for a total value of $1,109,266.25. Following the sale, the insider owned 147,079 shares of the company's stock, valued at approximately $2,948,933.95. The trade was a 27.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Peter Butterfield sold 12,156 shares of the business's stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $17.99, for a total transaction of $218,686.44. Following the completion of the transaction, the general counsel owned 601,022 shares in the company, valued at approximately $10,812,385.78. The trade was a 1.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 653,996 shares of company stock worth $12,466,115. 5.00% of the stock is owned by company insiders.

Flywire Profile

Flywire Corporation is a global payments and software company that helps businesses and institutions manage domestic and cross-border payments. Its platform connects payment processing with organizations' existing systems and supports multiple currencies and local payment methods.

The company serves customers in sectors including education, healthcare, travel and business-to-business services. Its offerings help organizations collect payments from customers and manage related payment workflows, including international transactions.

Flywire was founded in 2009 as peerTransfer, initially focusing on international payments for students.

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