Northern Trust Corp Trims Stake in Flywire Corporation $FLYW

Key Points

• Northern Trust Corp reduced its stake in Flywire Corporation by 5.4%, now holding approximately 1,087,683 shares valued at around $10.3 million.
• Several hedge funds have recently increased their investments in Flywire, with aggregate new positions worth over $4 million during the fourth quarter.
• Flywire reported a quarterly revenue of $127.5 million, surpassing estimates, but earnings per share missed projections at ($0.09).

Northern Trust Corp lowered its stake in shares of Flywire Corporation (NASDAQ:FLYW - Free Report) by 5.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,087,683 shares of the company's stock after selling 61,571 shares during the quarter. Northern Trust Corp owned about 0.88% of Flywire worth $10,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of FLYW. First Trust Advisors LP purchased a new position in shares of Flywire during the fourth quarter valued at about $297,000. Algert Global LLC purchased a new position in shares of Flywire during the fourth quarter valued at about $546,000. BNP Paribas Financial Markets purchased a new position in shares of Flywire during the fourth quarter valued at about $378,000. Cetera Investment Advisers purchased a new position in shares of Flywire during the fourth quarter valued at about $225,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Flywire during the fourth quarter worth about $3,175,000. Hedge funds and other institutional investors own 95.90% of the company's stock.

Wall Street Analyst Weigh In

FLYW has been the topic of several research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Flywire in a research note on Thursday, July 17th. They set a "hold" rating and a $12.00 price objective on the stock. Truist Financial boosted their price objective on shares of Flywire from $12.00 to $13.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. B. Riley dropped their price objective on shares of Flywire from $17.00 to $15.00 and set a "buy" rating on the stock in a research note on Monday, June 23rd. UBS Group boosted their price objective on shares of Flywire from $11.50 to $13.50 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen raised shares of Flywire from a "sell" rating to a "hold" rating in a research note on Sunday, August 10th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Flywire presently has a consensus rating of "Hold" and an average target price of $13.71.

Flywire Trading Down 0.5%

Shares of NASDAQ FLYW opened at $12.99 on Friday. The firm's 50 day moving average price is $11.94 and its 200-day moving average price is $11.05. The company has a market cap of $1.59 billion, a PE ratio of 259.80, a P/E/G ratio of 2.75 and a beta of 1.29. Flywire Corporation has a 52-week low of $8.20 and a 52-week high of $23.40. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.87 and a current ratio of 1.87.

Flywire (NASDAQ:FLYW - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The firm had revenue of $127.50 million during the quarter, compared to the consensus estimate of $119.65 million. Flywire had a return on equity of 1.94% and a net margin of 1.27%.The company's quarterly revenue was up 27.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.11) EPS. Flywire has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts expect that Flywire Corporation will post 0.14 EPS for the current fiscal year.

About Flywire

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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