1 week Ago By ABMN Staff
Wells Fargo & Company MN raised its stake in shares of Flywire Co. ( NASDAQ:FLYW – Free Report ) by 15.5% in the fourth quarter, according to its most recent 13F filing with the SEC.
The fund owned 100,220 shares of the company’s stock after purchasing an additional 13,423 shares during the period. Wells Fargo & Company MN’s holdings in Flywire were worth $2,067,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLYW.
Global Retirement Partners LLC purchased a new position in shares of Flywire during the fourth quarter valued at approximately $30,000. Arcadia Investment Management Corp MI bought a new position in Flywire during the 4th quarter valued at $48,000. KBC Group NV lifted its stake in Flywire by 64.
0% during the 4th quarter. KBC Group NV now owns 4,899 shares of the company’s stock valued at $101,000 after acquiring an additional 1,911 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in Flywire during the 4th quarter worth $104,000.
Finally, World Investment Advisors LLC bought a new stake in shares of Flywire in the 3rd quarter worth $209,000. 95.90% of the stock is owned by institutional investors.
Insider Activity In other news, Director Gretchen Howard acquired 8,889 shares of Flywire stock in a transaction that occurred on Thursday, February 27th. The stock was bought at an average price of $10.94 per share, with a total value of $97,245.
66. Following the completion of the purchase, the director now owns 30,770 shares in the company, valued at approximately $336,623.80.
The trade was a 40.62 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link .
Also, General Counsel Peter Butterfield sold 5,523 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $10.08, for a total transaction of $55,671.
84. Following the sale, the general counsel now directly owns 247,561 shares in the company, valued at $2,495,414.88.
This trade represents a 2.18 % decrease in their position. The disclosure for this sale can be found here .
Company insiders own 3.90% of the company’s stock. Wall Street Analyst Weigh In View Our Latest Research Report on Flywire Flywire Price Performance Shares of FLYW stock opened at $8.
94 on Friday. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 59.
60, a PEG ratio of 1.41 and a beta of 1.22.
The company’s fifty day simple moving average is $10.48 and its two-hundred day simple moving average is $16.60.
Flywire Co. has a 1 year low of $8.20 and a 1 year high of $23.
40. Flywire ( NASDAQ:FLYW – Get Free Report ) last released its quarterly earnings data on Tuesday, February 25th. The company reported ($0.
12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11).
Flywire had a net margin of 4.23% and a return on equity of 2.49%.
The company had revenue of $112.80 million for the quarter, compared to the consensus estimate of $118.85 million.
Equities research analysts anticipate that Flywire Co. will post 0.14 EPS for the current year.
Flywire Company 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.
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