Intech Investment Management LLC Reduces Stock Holdings in Flywire Corporation $FLYW

Intech Investment Management LLC reduced its position in shares of Flywire Corporation (NASDAQ:FLYW) by 12.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,076 shares of the company’s stock after selling 9,437 shares during the period. Intech Investment Management LLC owned 0.05% of Flywire worth $761,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its holdings in shares of Flywire by 194.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,279 shares of the company’s stock worth $38,000 after buying an additional 2,167 shares during the last quarter. CWM LLC grew its position in Flywire by 850.9% in the second quarter. CWM LLC now owns 6,447 shares of the company’s stock worth $75,000 after acquiring an additional 5,769 shares during the period. JT Stratford LLC acquired a new stake in Flywire during the first quarter worth $109,000. AE Wealth Management LLC purchased a new stake in Flywire in the first quarter valued at $130,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Flywire in the 1st quarter valued at $153,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on FLYW shares. Wall Street Zen upgraded shares of Flywire from a “sell” rating to a “hold” rating in a report on Sunday, August 10th. Stephens reissued an “equal weight” rating and issued a $13.00 price target on shares of Flywire in a research note on Monday, September 22nd. Truist Financial increased their price objective on shares of Flywire from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Wolfe Research reiterated an “outperform” rating and issued a $19.00 target price on shares of Flywire in a report on Wednesday, November 5th. Finally, Zacks Research upgraded Flywire from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Flywire presently has a consensus rating of “Hold” and a consensus price target of $14.81.

Flywire Trading Down 0.1%

Shares of FLYW stock opened at $13.77 on Thursday. Flywire Corporation has a fifty-two week low of $8.20 and a fifty-two week high of $23.40. The company has a 50 day moving average price of $13.38 and a 200 day moving average price of $12.27. The stock has a market capitalization of $1.68 billion, a P/E ratio of -688.16, a price-to-earnings-growth ratio of 2.73 and a beta of 1.29. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.53 and a current ratio of 1.53.

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