Flywire Corporation $FLYW Stock Holdings Decreased by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. reduced its stake in Flywire Corporation by 4.6%, now holding approximately 9.33% of the company, worth about $109.5 million.
• Several other institutional investors have significantly increased their holdings in Flywire, including Janney Montgomery Scott LLC and ABS Direct Equity Fund LLC, indicating strong interest in the stock.
• Despite a miss in quarterly EPS estimates, Flywire reported a 27.2% increase in revenue year-over-year, with a revenue of $127.5 million for the quarter.

Vanguard Group Inc. reduced its position in Flywire Corporation (NASDAQ:FLYW - Free Report) by 4.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,530,428 shares of the company's stock after selling 556,793 shares during the period. Vanguard Group Inc. owned about 9.33% of Flywire worth $109,539,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Janney Montgomery Scott LLC boosted its holdings in shares of Flywire by 571.3% during the first quarter. Janney Montgomery Scott LLC now owns 77,708 shares of the company's stock worth $738,000 after purchasing an additional 66,133 shares during the period. ABS Direct Equity Fund LLC bought a new stake in Flywire in the first quarter worth approximately $950,000. Ensign Peak Advisors Inc grew its position in Flywire by 825.9% in the fourth quarter. Ensign Peak Advisors Inc now owns 414,800 shares of the company's stock worth $8,553,000 after acquiring an additional 370,000 shares in the last quarter. Federated Hermes Inc. acquired a new stake in shares of Flywire in the first quarter worth $11,733,000. Finally, Northern Trust Corp boosted its holdings in shares of Flywire by 10.3% during the 4th quarter. Northern Trust Corp now owns 1,149,254 shares of the company's stock worth $23,698,000 after buying an additional 107,441 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on FLYW shares. The Goldman Sachs Group upped their price objective on shares of Flywire from $10.00 to $12.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Wall Street Zen raised shares of Flywire from a "sell" rating to a "hold" rating in a report on Sunday, August 10th. Truist Financial increased their price objective on shares of Flywire from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Flywire in a research note on Thursday, July 17th. They issued a "hold" rating and a $12.00 price objective for the company. Finally, Wells Fargo & Company dropped their target price on shares of Flywire from $16.00 to $13.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 7th. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $13.71.

Flywire Stock Up 4.4%

Shares of NASDAQ:FLYW opened at $12.82 on Friday. Flywire Corporation has a 12 month low of $8.20 and a 12 month high of $23.40. The company's 50-day moving average price is $11.54 and its two-hundred day moving average price is $11.53. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.57 billion, a P/E ratio of 256.40, a P/E/G ratio of 2.59 and a beta of 1.27.

Flywire (NASDAQ:FLYW - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.02). Flywire had a return on equity of 1.94% and a net margin of 1.27%.The company had revenue of $127.50 million for the quarter, compared to the consensus estimate of $119.65 million. During the same period in the prior year, the company earned ($0.11) EPS. The firm's revenue 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. As a group, research analysts forecast that Flywire Corporation will post 0.14 EPS for the current fiscal year.

Insider Buying and Selling

In other Flywire news, Director Edwin J. Santos sold 5,000 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $10.50, for a total transaction of $52,500.00. Following the sale, the director owned 16,990 shares of the company's stock, valued at $178,395. This represents a 22.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.40% of the stock is currently owned by corporate insiders.

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.

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