Raymond James Financial Inc. Reduces Holdings in Flywire Corporation $FLYW

Key Points

• Raymond James Financial Inc. reduced its stake in Flywire Corporation by 33.8% during the first quarter, now holding approximately $10.85 million worth of shares.
• Flywire reported a quarterly revenue of $127.50 million, exceeding expectations, but had a net loss with earnings per share (EPS) of ($0.09).
• Institutional investors own approximately 95.90% of Flywire's stock, with recent modifications in holdings by several hedge funds, indicating strong institutional interest.

Raymond James Financial Inc. reduced its position in Flywire Corporation (NASDAQ:FLYW - Free Report) by 33.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,142,519 shares of the company's stock after selling 582,928 shares during the quarter. Raymond James Financial Inc. owned 0.92% of Flywire worth $10,854,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Nuveen Asset Management LLC raised its holdings in shares of Flywire by 79.4% in the fourth quarter. Nuveen Asset Management LLC now owns 1,610,136 shares of the company's stock worth $33,201,000 after buying an additional 712,843 shares during the period. Dimensional Fund Advisors LP increased its stake in Flywire by 12.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,466,000 shares of the company's stock worth $30,227,000 after purchasing an additional 157,779 shares during the period. Federated Hermes Inc. bought a new stake in shares of Flywire during the first quarter worth $11,733,000. Northern Trust Corp boosted its stake in shares of Flywire by 10.3% during the fourth quarter. Northern Trust Corp now owns 1,149,254 shares of the company's stock valued at $23,698,000 after purchasing an additional 107,441 shares during the period. Finally, Readystate Asset Management LP grew its holdings in shares of Flywire by 160.2% in the first quarter. Readystate Asset Management LP now owns 955,970 shares of the company's stock worth $9,082,000 after purchasing an additional 588,574 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company's stock.

Insider Activity

In other news, Director Edwin J. Santos sold 5,000 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $10.50, for a total transaction of $52,500.00. Following the completion of the sale, the director owned 16,990 shares in the company, valued at approximately $178,395. This represents a 22.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on FLYW. Deutsche Bank Aktiengesellschaft started coverage on shares of Flywire in a research note on Thursday, July 17th. They issued a "hold" rating and a $12.00 price target on the stock. Wall Street Zen raised shares of Flywire from a "sell" rating to a "hold" rating in a research report on Sunday, August 10th. B. Riley decreased their price target on shares of Flywire from $17.00 to $15.00 and set a "buy" rating for the company in a research note on Monday, June 23rd. Truist Financial boosted their price target on Flywire from $12.00 to $13.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Finally, Royal Bank Of Canada reduced their price objective on Flywire from $20.00 to $17.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Five 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 data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $13.71.

Flywire Stock Down 0.3%

NASDAQ FLYW traded down $0.05 during midday trading on Thursday, hitting $13.14. 763,964 shares of the company traded hands, compared to its average volume of 2,516,370. Flywire Corporation has a 52 week low of $8.20 and a 52 week high of $23.40. The company's 50-day simple moving average is $11.88 and its 200-day simple moving average is $11.14. The company has a market cap of $1.61 billion, a PE ratio of 262.70, a price-to-earnings-growth ratio of 2.77 and a beta of 1.29. 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 issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.09) earnings per share (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 firm had revenue of $127.50 million during the quarter, compared to analysts' expectations of $119.65 million. During the same period in the previous year, the firm earned ($0.11) EPS. The firm's quarterly 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, equities research analysts forecast that Flywire Corporation will post 0.14 earnings per share for the current 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.