State of Wyoming grew its stake in Flywire Corporation (NASDAQ:FLYW – Free Report) by 72.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,409 shares of the company’s stock after acquiring an additional 41,292 shares during the period. State of Wyoming owned 0.08% of Flywire worth $1,145,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Global Retirement Partners LLC acquired a new stake in shares of Flywire in the fourth quarter valued at approximately $32,000. KBC Group NV bought a new position in Flywire in the 1st quarter worth approximately $38,000. Leonteq Securities AG lifted its holdings in Flywire by 267.6% during the 1st quarter. Leonteq Securities AG now owns 3,540 shares of the company’s stock worth $41,000 after buying an additional 2,577 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in Flywire by 78.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,681 shares of the company’s stock valued at $66,000 after buying an additional 2,497 shares during the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. bought a new position in Flywire in the 1st quarter valued at $92,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, COO Rob Orgel sold 178,980 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $17.00, for a total value of $3,042,660.00. Following the completion of the sale, the chief operating officer directly owned 959,061 shares of the company’s stock, valued at $16,304,037. This represents a 15.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Peter Butterfield sold 6,528 shares of Flywire stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $15.08, for a total transaction of $98,442.24. Following the transaction, the general counsel directly owned 652,152 shares in the company, valued at $9,834,452.16. The trade was a 0.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 410,391 shares of company stock worth $6,700,493 over the last quarter. Insiders own 5.00% of the company’s stock.
Analyst Upgrades and Downgrades
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Flywire Stock Down 5.3%
NASDAQ:FLYW opened at $16.54 on Thursday. Flywire Corporation has a 12-month low of $10.10 and a 12-month high of $18.98. The firm has a market capitalization of $2.04 billion, a P/E ratio of 71.91, a P/E/G ratio of 1.78 and a beta of 1.32. The stock’s fifty day simple moving average is $16.48 and its 200-day simple moving average is $14.18.
Flywire (NASDAQ:FLYW – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.07. Flywire had a return on equity of 3.78% and a net margin of 4.45%.The business had revenue of $184.00 million during the quarter, compared to the consensus estimate of $170.24 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The firm’s revenue was up 40.9% on a year-over-year basis. As a group, equities research analysts expect that Flywire Corporation will post 0.28 earnings per share for the current year.
About Flywire
Flywire Corp (NASDAQ: FLYW) is a global payments enablement and software company that specializes in facilitating complex cross-border transactions. Its cloud-based platform streamlines receivables and payer workflows across key verticals including education, healthcare, travel and hospitality, and commercial services. Flywire’s technology integrates with institutional systems to automate payment posting, reconciliation and reporting, aiming to improve the payer experience and accelerate cash flow for its clients.
Founded in 2009 by entrepreneur Iker Marcaide as peerTransfer, the company rebranded as Flywire in 2015.
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