Dimensional Fund Advisors LP raised its position in shares of Flywire Corporation (NASDAQ:FLYW – Free Report) by 18.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,886,865 shares of the company’s stock after purchasing an additional 295,960 shares during the period. Dimensional Fund Advisors LP’s holdings in Flywire were worth $21,962,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the company. Royal Bank of Canada raised its stake in shares of Flywire by 13.6% in the fourth quarter. Royal Bank of Canada now owns 9,025 shares of the company’s stock valued at $128,000 after buying an additional 1,081 shares during the period. Global Retirement Partners LLC bought a new position in shares of Flywire during the 4th quarter worth $32,000. Daiwa Securities Group Inc. grew its stake in shares of Flywire by 78.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,681 shares of the company’s stock worth $66,000 after acquiring an additional 2,497 shares during the period. Leonteq Securities AG increased its holdings in Flywire by 267.6% in the 1st quarter. Leonteq Securities AG now owns 3,540 shares of the company’s stock worth $41,000 after acquiring an additional 2,577 shares during the last quarter. Finally, KBC Group NV purchased a new stake in Flywire in the 1st quarter worth about $38,000. 95.90% of the stock is owned by hedge funds and other institutional investors.
Flywire Stock Performance
NASDAQ:FLYW opened at $18.20 on Friday. The business’s fifty day moving average is $16.64 and its 200 day moving average is $14.37. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 70.00, a PEG ratio of 1.91 and a beta of 1.34. Flywire Corporation has a 52-week low of $10.55 and a 52-week high of $18.98.
Insider Transactions at Flywire
In other news, insider Mohit Kansal sold 3,650 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $16.96, for a total value of $61,904.00. Following the completion of the transaction, the insider directly owned 500,670 shares in the company, valued at approximately $8,491,363.20. This trade represents a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Phillip John Riese sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $15.43, for a total transaction of $77,150.00. Following the transaction, the director directly owned 234,493 shares of the company’s stock, valued at approximately $3,618,226.99. This represents a 2.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 304,889 shares of company stock valued at $4,958,590. Company insiders own 5.00% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. Truist Financial reaffirmed a “hold” rating and set a $17.00 price objective (down from $18.00) on shares of Flywire in a report on Friday, July 24th. Zacks Research downgraded shares of Flywire from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. UBS Group boosted their price target on shares of Flywire from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Wednesday. The Goldman Sachs Group restated a “neutral” rating and set a $22.00 price target on shares of Flywire in a research note on Wednesday. Finally, Wall Street Zen downgraded shares of Flywire from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Flywire presently has a consensus rating of “Moderate Buy” and an average price target of $19.38.
Read Our Latest Research Report on FLYW
Flywire Company Profile
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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