Nuveen Asset Management LLC Increases Position in Flywire Co. (NASDAQ:FLYW)

Nuveen Asset Management LLC boosted its stake in Flywire Co. (NASDAQ:FLYW - Free Report) by 79.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,610,136 shares of the company's stock after purchasing an additional 712,843 shares during the quarter. Nuveen Asset Management LLC owned about 1.29% of Flywire worth $33,201,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in shares of Flywire in the 4th quarter worth $35,579,000. Voss Capital LP acquired a new position in Flywire during the fourth quarter worth $30,621,000. Teacher Retirement System of Texas bought a new position in shares of Flywire in the fourth quarter valued at $24,363,000. Jennison Associates LLC grew its holdings in shares of Flywire by 53.0% during the fourth quarter. Jennison Associates LLC now owns 3,406,312 shares of the company's stock valued at $70,238,000 after buying an additional 1,179,562 shares during the last quarter. Finally, Wasatch Advisors LP grew its holdings in shares of Flywire by 62.1% during the fourth quarter. Wasatch Advisors LP now owns 2,741,644 shares of the company's stock valued at $56,533,000 after buying an additional 1,049,888 shares during the last quarter. 95.90% of the stock is owned by institutional investors.

Flywire Price Performance

Shares of Flywire stock traded up $0.27 on Tuesday, reaching $11.30. 165,687 shares of the company traded hands, compared to its average volume of 1,757,461. The company has a 50 day moving average of $9.80 and a 200 day moving average of $15.60. Flywire Co. has a 52 week low of $8.20 and a 52 week high of $23.40. The firm has a market capitalization of $1.37 billion, a PE ratio of 75.02, a PEG ratio of 1.41 and a beta of 1.22.

Flywire (NASDAQ:FLYW - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. Flywire had a return on equity of 2.49% and a net margin of 4.23%. The firm had revenue of $128.70 million for the quarter, compared to analyst estimates of $124.18 million. During the same period in the previous year, the company posted ($0.05) earnings per share. The business's revenue was up 17.0% on a year-over-year basis. As a group, analysts anticipate that Flywire Co. will post 0.14 earnings per share for the current year.

Insider Buying and Selling at Flywire

In other Flywire news, Director Gretchen Howard purchased 8,889 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average cost of $10.94 per share, for a total transaction of $97,245.66. Following the purchase, the director now owns 30,770 shares of the company's stock, valued at $336,623.80. This represents a 40.62% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Peter Butterfield sold 5,523 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $10.08, for a total transaction of $55,671.84. Following the sale, the general counsel now directly owns 247,561 shares in the company, valued at $2,495,414.88. The trade was a 2.18% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.90% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on FLYW. The Goldman Sachs Group raised their price target on shares of Flywire from $10.00 to $12.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Morgan Stanley dropped their target price on Flywire from $21.00 to $15.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 26th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $9.00 price target (down previously from $16.00) on shares of Flywire in a report on Monday, April 14th. B. Riley restated a "buy" rating and set a $17.00 price objective (down from $29.00) on shares of Flywire in a research note on Friday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Flywire from a "buy" rating to a "hold" rating and reduced their target price for the stock from $26.00 to $16.00 in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Flywire has an average rating of "Hold" and an average target price of $15.42.

Flywire 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.