Sherbrooke Park Advisers LLC Takes Position in Flywire Co. (NASDAQ:FLYW)

Sherbrooke Park Advisers LLC acquired a new stake in shares of Flywire Co. (NASDAQ:FLYW - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 33,773 shares of the company's stock, valued at approximately $696,000.

A number of other institutional investors have also added to or reduced their stakes in FLYW. Versor Investments LP bought a new position in shares of Flywire in the fourth quarter worth approximately $1,118,000. Y Intercept Hong Kong Ltd increased its holdings in shares of Flywire by 345.3% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 96,029 shares of the company's stock worth $1,980,000 after buying an additional 74,465 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Flywire by 38.4% in the 4th quarter. Sei Investments Co. now owns 110,144 shares of the company's stock worth $2,271,000 after buying an additional 30,572 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Flywire by 6.9% in the 4th quarter. Vanguard Group Inc. now owns 12,087,221 shares of the company's stock worth $249,238,000 after purchasing an additional 781,711 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in Flywire by 99.7% in the 4th quarter. New York State Common Retirement Fund now owns 220,625 shares of the company's stock worth $4,549,000 after purchasing an additional 110,124 shares during the period. Hedge funds and other institutional investors own 95.90% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on FLYW. Wolfe Research reissued a "peer perform" rating on shares of Flywire in a research note on Wednesday, April 23rd. UBS Group cut Flywire from a "buy" rating to a "neutral" rating and lowered their target price for the company from $25.00 to $15.00 in a research note on Wednesday, February 26th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $9.00 price target (down from $16.00) on shares of Flywire in a research note on Monday, April 14th. Raymond James lowered Flywire from a "strong-buy" rating to an "outperform" rating and lowered their price objective for the company from $29.00 to $17.00 in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group increased their price target on shares of Flywire from $10.00 to $12.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Flywire currently has a consensus rating of "Hold" and a consensus target price of $15.62.

Insider Transactions at Flywire

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

Flywire Stock Up 0.3%

Shares of NASDAQ FLYW traded up $0.03 during trading on Thursday, reaching $11.51. 542,764 shares of the company traded hands, compared to its average volume of 1,748,533. The firm has a 50 day simple moving average of $9.76 and a 200-day simple moving average of $15.79. Flywire Co. has a 52-week low of $8.20 and a 52-week high of $23.40. The stock has a market capitalization of $1.40 billion, a PE ratio of 76.47, a P/E/G 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, topping the consensus estimate of $0.01 by $0.02. The company had revenue of $128.70 million for the quarter, compared to analysts' expectations of $124.18 million. Flywire had a net margin of 4.23% and a return on equity of 2.49%. The firm's quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.05) earnings per share. As a group, research analysts predict that Flywire Co. will post 0.14 EPS for the current year.

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.