2 weeks Ago By Defense World Staff
Geode Capital Management LLC grew its position in Flywire Co. (NASDAQ:FLYW – Free Report) by 1.0% during the 4th quarter, according to its most recent 13F filing with the SEC.
The institutional investor owned 2,828,430 shares of the company’s stock after purchasing an additional 28,944 shares during the period. Geode Capital Management LLC owned about 2.27% of Flywire worth $58,335,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Franklin Resources Inc. lifted its position in shares of Flywire by 1.
1% during the fourth quarter. Franklin Resources Inc. now owns 1,966,179 shares of the company’s stock worth $40,543,000 after purchasing an additional 21,818 shares in the last quarter.
Alliancebernstein L.P. lifted its holdings in Flywire by 1.
3% during the 4th quarter. Alliancebernstein L.P.
now owns 145,705 shares of the company’s stock worth $3,004,000 after buying an additional 1,839 shares in the last quarter. Rock Creek Group LP acquired a new position in Flywire during the 4th quarter worth $1,050,000. Palogic Value Management L.
P. boosted its position in Flywire by 5.6% in the 4th quarter.
Palogic Value Management L.P. now owns 190,000 shares of the company’s stock valued at $3,918,000 after buying an additional 10,000 shares during the last quarter.
Finally, Pictet Asset Management Holding SA increased its stake in shares of Flywire by 25.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 16,113 shares of the company’s stock valued at $332,000 after buying an additional 3,273 shares during the period.
Institutional investors own 95.90% of the company’s stock. Insider ActivityIn other Flywire news, Director Gretchen Howard acquired 8,889 shares of the business’s stock in a transaction dated Thursday, February 27th.
The shares were acquired at an average price of $10.94 per share, with a total value of $97,245.66.
Following the completion of the transaction, the director now directly owns 30,770 shares in the company, valued at $336,623.80. This trade represents a 40.
62 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Peter Butterfield sold 5,523 shares of the firm’s stock in a transaction on Monday, March 10th.
The shares were sold at an average price of $10.08, for a total transaction of $55,671.84.
Following the completion of the transaction, the general counsel now directly owns 247,561 shares of the company’s stock, valued at approximately $2,495,414.88. This trade represents a 2.
18 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.
90% of the company’s stock. Flywire Price PerformanceNASDAQ:FLYW opened at $8.53 on Monday.
The business’s 50-day simple moving average is $12.74 and its 200-day simple moving average is $17.13.
Flywire Co. has a fifty-two week low of $8.20 and a fifty-two week high of $23.
40. The stock has a market capitalization of $1.05 billion, a PE ratio of 56.
87, a price-to-earnings-growth ratio of 1.41 and a beta of 1.22.
Flywire (NASDAQ:FLYW – Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.
01) by ($0.11). The company had revenue of $112.
80 million during the quarter, compared to analyst estimates of $118.85 million. Flywire had a net margin of 4.
23% and a return on equity of 2.49%. On average, research analysts expect that Flywire Co.
will post 0.14 earnings per share for the current year. Analyst Ratings ChangesFLYW has been the topic of several recent research reports.
The Goldman Sachs Group decreased their price target on Flywire from $15.00 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd.
BTIG Research lowered shares of Flywire from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 26th. Wells Fargo & Company dropped their price target on shares of Flywire from $20.00 to $16.
00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. Citigroup reduced their price objective on shares of Flywire from $26.00 to $13.
00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Finally, Raymond James cut shares of Flywire from a “strong-buy” rating to an “outperform” rating and dropped their target price for the company from $29.00 to $17.
00 in a research report on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.
com, Flywire has an average rating of “Hold” and an average price target of $17.92.Check Out Our Latest Stock Report on FLYWFlywire Profile (Free Report)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.See AlsoFive stocks we like better than FlywireBest Stocks Under $5.
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