Teacher Retirement System of Texas Purchases 19,159 Shares of Flywire Corporation $FLYW

Teacher Retirement System of Texas boosted its position in shares of Flywire Corporation (NASDAQ:FLYW) by 59.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,267 shares of the company’s stock after acquiring an additional 19,159 shares during the period. Teacher Retirement System of Texas’ holdings in Flywire were worth $600,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of FLYW. Dakota Wealth Management boosted its holdings in Flywire by 8.7% in the 1st quarter. Dakota Wealth Management now owns 13,334 shares of the company’s stock valued at $127,000 after purchasing an additional 1,066 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Flywire by 3.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 43,858 shares of the company’s stock worth $417,000 after buying an additional 1,361 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Flywire by 194.9% during the second quarter. Nisa Investment Advisors LLC now owns 3,279 shares of the company’s stock valued at $38,000 after buying an additional 2,167 shares during the period. Rhumbline Advisers boosted its stake in Flywire by 2.3% during the first quarter. Rhumbline Advisers now owns 169,553 shares of the company’s stock valued at $1,611,000 after buying an additional 3,732 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in Flywire by 7.4% during the second quarter. Janney Montgomery Scott LLC now owns 83,422 shares of the company’s stock worth $976,000 after buying an additional 5,714 shares in the last quarter. 95.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FLYW. The Goldman Sachs Group raised their price target on Flywire from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday. Zacks Research cut shares of Flywire from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Citigroup upgraded shares of Flywire to a “hold” rating in a research report on Thursday, October 23rd. Weiss Ratings reissued a “sell (d)” rating on shares of Flywire in a report on Wednesday, October 8th. Finally, UBS Group raised their price objective on shares of Flywire from $13.50 to $15.50 and gave the company a “neutral” rating in a research report on Wednesday. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Flywire currently has a consensus rating of “Hold” and a consensus target price of $14.73.

Flywire Price Performance

Shares of Flywire stock opened at $13.56 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.87 and a current ratio of 1.87. Flywire Corporation has a 52-week low of $8.20 and a 52-week high of $23.40. The company has a fifty day moving average of $13.28 and a 200-day moving average of $11.91. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of -677.66, a price-to-earnings-growth ratio of 3.00 and a beta of 1.29.

Flywire (NASDAQ:FLYW) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. Flywire had a negative net margin of 0.42% and a positive return on equity of 0.80%. The business had revenue of $194.10 million during the quarter, compared to the consensus estimate of $180.07 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The firm’s revenue for the quarter was up 27.6% on a year-over-year basis. Equities research analysts expect that Flywire Corporation will post 0.14 EPS 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.