Flywire Co. (NASDAQ:FLYW) Shares Sold by Marshall Wace LLP

Marshall Wace LLP trimmed its position in shares of Flywire Co. (NASDAQ:FLYW - Free Report) by 50.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 703,611 shares of the company's stock after selling 714,895 shares during the quarter. Marshall Wace LLP owned 0.57% of Flywire worth $14,508,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in FLYW. Raymond James Financial Inc. acquired a new stake in shares of Flywire in the fourth quarter valued at about $35,579,000. Teacher Retirement System of Texas acquired a new stake in shares of Flywire in the 4th quarter worth approximately $24,363,000. Jennison Associates LLC increased its stake in Flywire by 53.0% in the 4th quarter. Jennison Associates LLC now owns 3,406,312 shares of the company's stock valued at $70,238,000 after purchasing an additional 1,179,562 shares in the last quarter. Wasatch Advisors LP boosted its position in Flywire by 62.1% during the fourth quarter. Wasatch Advisors LP now owns 2,741,644 shares of the company's stock worth $56,533,000 after purchasing an additional 1,049,888 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Flywire by 6.9% in the fourth quarter. Vanguard Group Inc. now owns 12,087,221 shares of the company's stock valued at $249,238,000 after purchasing an additional 781,711 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company's stock.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on FLYW shares. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $9.00 price objective (down from $16.00) on shares of Flywire in a research note on Monday, April 14th. Wolfe Research reissued a "peer perform" rating on shares of Flywire in a research report on Wednesday. UBS Group cut shares of Flywire from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $25.00 to $15.00 in a research note on Wednesday, February 26th. Citigroup decreased their price objective on Flywire from $26.00 to $13.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Finally, Royal Bank of Canada cut their price objective on shares of Flywire from $25.00 to $20.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $17.00.

Flywire Price Performance

FLYW traded up $0.12 during trading on Friday, hitting $8.94. The company had a trading volume of 5,857,940 shares, compared to its average volume of 1,733,055. The company has a market cap of $1.10 billion, a PE ratio of 59.60, a P/E/G ratio of 1.41 and a beta of 1.22. Flywire Co. has a 1-year low of $8.20 and a 1-year high of $23.40. The business has a 50-day moving average of $10.48 and a 200-day moving average of $16.60.

Flywire (NASDAQ:FLYW - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.11). Flywire had a return on equity of 2.49% and a net margin of 4.23%. The firm had revenue of $112.80 million for the quarter, compared to the consensus estimate of $118.85 million. Research analysts forecast that Flywire Co. will post 0.14 earnings per share for the current 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.