GW&K Investment Management LLC reduced its holdings in shares of Flywire Corporation (NASDAQ:FLYW - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,103,821 shares of the company's stock after selling 93,246 shares during the period. GW&K Investment Management LLC owned about 1.70% of Flywire worth $19,987,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in FLYW. Raymond James Financial Inc. acquired a new stake in shares of Flywire during the 4th quarter valued at about $35,579,000. Voss Capital LP acquired a new stake in shares of Flywire during the 4th quarter valued at about $30,621,000. Wasatch Advisors LP boosted its position in shares of Flywire by 62.1% during the 4th quarter. Wasatch Advisors LP now owns 2,741,644 shares of the company's stock valued at $56,533,000 after acquiring an additional 1,049,888 shares in the last quarter. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Flywire during the 4th quarter valued at about $18,434,000. Finally, Vanguard Group Inc. boosted its position in shares of Flywire by 6.9% during the 4th quarter. Vanguard Group Inc. now owns 12,087,221 shares of the company's stock valued at $249,238,000 after acquiring an additional 781,711 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on FLYW. Royal Bank Of Canada cut their price target on shares of 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 cut their price target on shares of Flywire from $16.00 to $13.00 and set an "equal weight" rating for the company in a report on Wednesday, May 7th. Deutsche Bank Aktiengesellschaft began coverage on shares of Flywire in a report on Thursday, July 17th. They set a "hold" rating and a $12.00 price target for the company. JPMorgan Chase & Co. reissued an "underweight" rating and set a $9.00 price target (down from $16.00) on shares of Flywire in a report on Monday, April 14th. Finally, Wolfe Research reissued a "peer perform" rating on shares of Flywire in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $14.77.
Check Out Our Latest Stock Report on FLYW
Flywire Price Performance
Shares of NASDAQ FLYW traded down $0.04 during trading on Thursday, reaching $11.81. The company had a trading volume of 726,380 shares, compared to its average volume of 2,540,508. Flywire Corporation has a 52 week low of $8.20 and a 52 week high of $23.40. The stock has a market cap of $1.44 billion, a PE ratio of 294.95, a PEG ratio of 1.98 and a beta of 1.28. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.02 and a current ratio of 2.02. The business's 50 day moving average price is $11.13 and its 200-day moving average price is $12.68.
Flywire (NASDAQ:FLYW - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.02. Flywire had a net margin of 0.97% and a return on equity of 1.57%. The business had revenue of $128.70 million during the quarter, compared to the consensus estimate of $124.18 million. During the same period in the previous year, the firm posted ($0.05) earnings per share. Flywire's revenue for the quarter was up 17.0% compared to the same quarter last year. Analysts expect that Flywire Corporation will post 0.14 earnings per share for the current year.
Insider Buying and Selling at Flywire
In related news, Director Edwin J. Santos sold 5,466 shares of the company's stock in a transaction dated 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 sale, the director owned 21,990 shares in the company, valued at approximately $220,779.60. This represents a 19.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 4.40% of the stock is currently owned by company insiders.
Flywire Profile
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Free Report)
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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