Connor Clark & Lunn Investment Management Ltd. Buys 221,880 Shares of Flywire Corporation $FLYW

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its stake in Flywire Corporation (NASDAQ:FLYW) by 483.3%, acquiring a total of 267,787 shares worth approximately $2.54 million.
• Several other institutional investors significantly boosted their positions in Flywire, with Janney Montgomery Scott LLC showing a 571.3% increase and Ensign Peak Advisors Inc. increasing by 825.9%.
• Flywire's stock recently traded at $12.37 and has a market capitalization of $1.51 billion, with equity analysts projecting a consensus earnings per share of 0.14 for the current year.

Connor Clark & Lunn Investment Management Ltd. lifted its stake in Flywire Corporation (NASDAQ:FLYW - Free Report) by 483.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 267,787 shares of the company's stock after purchasing an additional 221,880 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.22% of Flywire worth $2,544,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Summit Investment Advisors Inc. boosted its holdings in shares of Flywire by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 12,634 shares of the company's stock worth $261,000 after purchasing an additional 802 shares during the period. Dakota Wealth Management boosted its holdings in shares of Flywire by 8.7% in the 1st quarter. Dakota Wealth Management now owns 13,334 shares of the company's stock worth $127,000 after purchasing an additional 1,066 shares during the period. Bayesian Capital Management LP boosted its holdings in shares of Flywire by 6.9% in the 4th quarter. Bayesian Capital Management LP now owns 20,059 shares of the company's stock worth $414,000 after purchasing an additional 1,300 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Flywire by 3.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 43,858 shares of the company's stock worth $417,000 after purchasing an additional 1,361 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of Flywire by 6.2% in the 1st quarter. SG Americas Securities LLC now owns 42,154 shares of the company's stock worth $400,000 after purchasing an additional 2,445 shares during the period. Hedge funds and other institutional investors own 95.90% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FLYW. Royal Bank Of Canada dropped their price objective on Flywire from $20.00 to $17.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Wells Fargo & Company dropped their price objective on Flywire from $16.00 to $13.00 and set an "equal weight" rating for the company in a report on Wednesday, May 7th. Wall Street Zen upgraded Flywire from a "sell" rating to a "hold" rating in a report on Sunday, August 10th. Deutsche Bank Aktiengesellschaft began coverage on Flywire in a report on Thursday, July 17th. They set a "hold" rating and a $12.00 price objective for the company. Finally, Truist Financial boosted their price objective on Flywire from $12.00 to $13.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $13.71.

Flywire Stock Down 2.1%

NASDAQ FLYW traded down $0.2660 on Tuesday, reaching $12.3840. 252,930 shares of the stock traded hands, compared to its average volume of 2,572,052. 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 company has a fifty day moving average price of $11.41 and a 200-day moving average price of $11.63. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 247.82, a PEG ratio of 2.61 and a beta of 1.27. 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 issued its earnings results on Tuesday, August 5th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.02). The firm had revenue of $127.50 million for the quarter, compared to the consensus estimate of $119.65 million. Flywire had a net margin of 1.27% and a return on equity of 1.94%. The company's revenue for the quarter was up 27.2% on a year-over-year basis. During the same period last year, the firm earned ($0.11) earnings per share. Flywire has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts forecast that Flywire Corporation will post 0.14 EPS for the current fiscal year.

Insider Activity at Flywire

In other news, Director Edwin J. Santos sold 5,466 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $10.04, for a total value of $54,878.64. Following the completion of the transaction, the director directly owned 21,990 shares of the company's stock, valued at approximately $220,779.60. The trade was a 19.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.40% of the company's stock.

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.