PNC Financial Services Group Inc. Has $119,000 Stake in Flywire Corporation $FLYW

Key Points

• PNC Financial Services Group Inc. reduced its stake in Flywire Corporation by 62.3%, holding 12,489 shares valued at approximately $119,000 after selling 20,604 shares in the first quarter.
• Various institutional investors, including XTX Topco Ltd and Federated Hermes Inc., increased their holdings in Flywire, highlighting strong institutional interest as 95.90% of the stock is owned by such investors.
• Flywire reported a revenue of $127.5 million for the last quarter, beating estimates, although it posted a loss of ($0.09) earnings per share, missing analysts' expectations.

PNC Financial Services Group Inc. trimmed its position in shares of Flywire Corporation (NASDAQ:FLYW - Free Report) by 62.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,489 shares of the company's stock after selling 20,604 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Flywire were worth $119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. XTX Topco Ltd lifted its holdings in Flywire by 21.9% in the 1st quarter. XTX Topco Ltd now owns 34,587 shares of the company's stock worth $329,000 after purchasing an additional 6,224 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Flywire in the 1st quarter worth approximately $607,000. Federated Hermes Inc. acquired a new stake in Flywire in the 1st quarter worth approximately $11,733,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Flywire by 34.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,709 shares of the company's stock worth $406,000 after purchasing an additional 10,840 shares during the last quarter. Finally, Norwood Investment Partners LP lifted its holdings in Flywire by 2.5% in the 1st quarter. Norwood Investment Partners LP now owns 445,546 shares of the company's stock worth $4,233,000 after purchasing an additional 11,000 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Flywire news, Director Edwin J. Santos sold 5,000 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $10.50, for a total value of $52,500.00. Following the sale, the director directly owned 16,990 shares in the company, valued at $178,395. This represents a 22.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on FLYW. The Goldman Sachs Group boosted their target price on Flywire from $10.00 to $12.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft initiated coverage on Flywire in a report on Thursday, July 17th. They issued a "hold" rating and a $12.00 target price for the company. Wall Street Zen raised Flywire from a "sell" rating to a "hold" rating in a research report on Sunday, August 10th. Truist Financial lifted their price target on Flywire from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Finally, UBS Group lifted their price target on Flywire from $11.50 to $13.50 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $13.71.

Flywire Stock Performance

Shares of NASDAQ:FLYW opened at $12.35 on Wednesday. The business's fifty day moving average price is $11.44 and its two-hundred day moving average price is $11.63. Flywire Corporation has a fifty-two week low of $8.20 and a fifty-two week high of $23.40. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 247.00, a price-to-earnings-growth ratio of 2.67 and a beta of 1.27. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.87 and a quick ratio of 1.87.

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

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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