2 weeks Ago By Defense World Staff
Wells Fargo & Company MN raised its holdings in Flywire Co. (NASDAQ:FLYW – Free Report) by 15.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission.
The fund owned 100,220 shares of the company’s stock after buying an additional 13,423 shares during the period. Wells Fargo & Company MN owned 0.08% of Flywire worth $2,067,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Global Retirement Partners LLC acquired a new position in Flywire during the fourth quarter valued at approximately $30,000. Arcadia Investment Management Corp MI acquired a new position in shares of Flywire in the fourth quarter valued at $48,000.
KBC Group NV raised its position in shares of Flywire by 64.0% in the fourth quarter. KBC Group NV now owns 4,899 shares of the company’s stock valued at $101,000 after purchasing an additional 1,911 shares during the period.
Venturi Wealth Management LLC bought a new stake in shares of Flywire during the 4th quarter worth about $104,000. Finally, Highland Capital Management LLC acquired a new position in Flywire in the 4th quarter valued at about $221,000. Institutional investors own 95.
90% of the company’s stock. Insider ActivityIn related news, General Counsel Peter Butterfield sold 5,523 shares of Flywire 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 owns 247,561 shares of the company’s stock, valued at $2,495,414.
88. This trade represents a 2.18 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gretchen Howard acquired 8,889 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was acquired at an average cost of $10.
94 per share, for a total transaction of $97,245.66. Following the completion of the purchase, 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 ownership of the stock.
The disclosure for this purchase can be found here. Insiders own 3.90% of the company’s stock.
Analyst Ratings ChangesA number of equities research analysts have recently issued reports on the company. Raymond James cut Flywire from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $29.00 to $17.
00 in a report on Wednesday, February 26th. Wells Fargo & Company reduced their price target on Flywire from $20.00 to $16.
00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $9.
00 price objective (down previously from $16.00) on shares of Flywire in a research report on Monday, April 14th. Wolfe Research reiterated a “peer perform” rating on shares of Flywire in a research note on Wednesday.
Finally, Royal Bank of Canada dropped their price target on shares of Flywire from $25.00 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th.
One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Flywire has an average rating of “Hold” and an average target price of $17.00.
Get Our Latest Research Report on FlywireFlywire Stock Up 1.4 %Flywire stock opened at $8.94 on Friday.
The stock has a market cap of $1.10 billion, a PE ratio of 59.60, a P/E/G ratio of 1.
41 and a beta of 1.22. The business’s 50-day moving average price is $10.
48 and its two-hundred day moving average price is $16.60. Flywire Co.
has a 12-month low of $8.20 and a 12-month high of $23.40.
Flywire (NASDAQ:FLYW – Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.
01) by ($0.11). The firm had revenue of $112.
80 million for the quarter, compared to the consensus estimate of $118.85 million. Flywire had a return on equity of 2.
49% and a net margin of 4.23%. As a group, analysts expect that Flywire Co.
will post 0.14 earnings per share for the current year. Flywire 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.Featured StoriesFive stocks we like better than FlywireThe Significance of Brokerage Rankings in Stock SelectionShort Sellers Gave Up on These 3 Names RecentlyWhy Understanding Call Option Volume is Essential to Successful Options Trading3 Boring Stocks Outperforming the Market This YearWhat is the FTSE 100 index? If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To BuyWant to see what other hedge funds are holding FLYW? Visit HoldingsChannel.
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