Dimensional Fund Advisors LP Has $21.96 Million Stock Holdings in Flywire Corporation $FLYW

Dimensional Fund Advisors LP raised its holdings in Flywire Corporation (NASDAQ:FLYW - Free Report) by 18.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,886,865 shares of the company's stock after buying an additional 295,960 shares during the period. Dimensional Fund Advisors LP owned about 1.56% of Flywire worth $21,962,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new stake in shares of Flywire in the 4th quarter worth about $32,000. KBC Group NV acquired a new position in Flywire during the 1st quarter valued at about $38,000. Leonteq Securities AG increased its holdings in Flywire by 267.6% during the 1st quarter. Leonteq Securities AG now owns 3,540 shares of the company's stock worth $41,000 after purchasing an additional 2,577 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Flywire by 78.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,681 shares of the company's stock worth $66,000 after purchasing an additional 2,497 shares in the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new stake in shares of Flywire in the first quarter worth approximately $92,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Flywire Stock Down 2.4%

Shares of NASDAQ FLYW opened at $18.20 on Friday. The company has a market capitalization of $2.25 billion, a PE ratio of 70.00, a PEG ratio of 1.91 and a beta of 1.34. The stock's 50 day moving average price is $16.64 and its 200-day moving average price is $14.37. Flywire Corporation has a twelve month low of $10.55 and a twelve month high of $18.98.

Flywire (NASDAQ:FLYW - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.05). The business had revenue of $163.80 million for the quarter, compared to the consensus estimate of $156.47 million. Flywire had a return on equity of 4.06% and a net margin of 4.77%.The business's revenue was up 27.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.10) earnings per share. As a group, research analysts expect that Flywire Corporation will post 0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on FLYW shares. JPMorgan Chase & Co. upgraded Flywire from an "underweight" rating to a "neutral" rating and raised their target price for the company from $14.00 to $16.00 in a report on Thursday, May 21st. Morgan Stanley reissued an "overweight" rating and issued a $22.00 price target on shares of Flywire in a research report on Wednesday. BTIG Research restated a "buy" rating and set a $20.00 price objective on shares of Flywire in a research note on Tuesday, July 21st. Zacks Research downgraded shares of Flywire from a "strong-buy" rating to a "hold" rating in a report on Friday, July 10th. Finally, New Street Research set a $16.00 target price on shares of Flywire in a research note on Thursday, May 21st. Eight research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $19.38.

Insider Transactions at Flywire

In other news, insider Mohit Kansal sold 54,543 shares of the firm's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $15.15, for a total transaction of $826,326.45. Following the completion of the sale, the insider directly owned 504,320 shares of the company's stock, valued at $7,640,448. This trade represents a 9.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Phillip John Riese sold 5,000 shares of Flywire stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $15.43, for a total value of $77,150.00. Following the sale, the director owned 234,493 shares in the company, valued at $3,618,226.99. The trade was a 2.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 304,889 shares of company stock worth $4,958,590. Company insiders own 5.00% of the company's stock.

About Flywire

Flywire Corp NASDAQ: FLYW is a global payments enablement and software company that specializes in facilitating complex cross-border transactions. Its cloud-based platform streamlines receivables and payer workflows across key verticals including education, healthcare, travel and hospitality, and commercial services. Flywire's technology integrates with institutional systems to automate payment posting, reconciliation and reporting, aiming to improve the payer experience and accelerate cash flow for its clients.

Founded in 2009 by entrepreneur Iker Marcaide as peerTransfer, the company rebranded as Flywire in 2015.

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