Mitsubishi UFJ Kokusai Asset Management Co., Ltd. increased its position in Flywire Company (NASDAQ: FLYW – GET Rating) by 0.8% in the first quarter, according to its recent Form 13F filing with the Securities and Exchange Commission. The institutional investor held 51,853 shares of the company after purchasing an additional 435 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co Ltd’s stake in Flywire was $1,586,000 at the end of the most recent quarter.
Several other major investors have also recently bought and sold shares in the company. AllianceBernstein LP increased its position in Flywire by 487.6% in the fourth quarter. After purchasing an additional 1,516,892 shares in the prior quarter, AllianceBernstein LP now holds 1,827,976 shares of the Company for $69,573,000. Edge Capital Partners GP LLC increased its position in Flywire stock by 25.5% during the fourth quarter. Edge Capital Partners GP LLC now owns 1,663,149 shares of the Company’s stock for $63,299,000 after purchasing an additional 338,340 shares in the prior quarter. Invesco Limited increased its position in Flywire shares by 101.3% in the fourth quarter. After purchasing an additional 824,372 shares in the previous quarter, Invesco Ltd now owns 1,637,886 shares of the company, valued at $62,338,000. Marshall Weiss LLP acquired approximately $37,603,000 of new shares of Flywire stock during the fourth quarter. Finally, Millennium Management LLC increased its position in Flywire stock by 549.6% during the fourth quarter. Millennium Management LLC now holds 733,752 shares of the company’s stock valued at $27,927,000 after purchasing an additional 620,799 shares last quarter. Institutional investors and hedge funds own 76.06% of the company’s shares.
Insider activity at Flywire
In separate news from Flywire, major shareholder Bain Capital Venture Investors sold 1,240,490 shares of Trading Stock in a transaction on Friday, June 3rd. The stock sold at an average price of $19.60 for a total value of $24,313,604.00. Following the transaction, the insider now owns 15,299,374 shares of the company’s stock valued at $299,867,730.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC’s website. In other Flywire news, on Tuesday, June 14, Director Joe Natouri sold 86,068 shares of the stock in one transaction. The stock sold at an average price of $15.30 for a total value of $1,316,840.40. Upon completion of the sale, the Director now directly owns 2,240,454 shares of the Company, valued at $34,278,946.20. The sale was disclosed in a filing with the Securities and Exchange Commission, which can be accessed at this hyperlink. Additionally, on Friday, June 3, major shareholder Bain Capital Venture Investors sold 1,240,490 shares of the stock in a transaction. The stock sold at an average price of $19.60 for a total value of $24,313,604.00. Following the transaction, the insider now owns 15,299,374 shares of the company’s stock valued at $299,867,730.40. The disclosure of this sale can be found here. Insiders have sold a total of 2,158,864 shares of the company’s shares worth $42,324,817 over the past 90 days. 37.50% of the shares are owned by company insiders.
Flywire stock 5.6%
FLYW opened at $26.27 on Friday. The 50-day SMA price of $20.59 and the 200-day SMA price of $24.40 are trading. The Flywire Company’s 12-month low is $14.56 and the 12-month high is $57.41. The company has a debt to equity ratio of 0.05, a quick ratio of 4.53 and a current ratio of 4.53. The company has a market cap of $2.82 billion, a P/E of -75.05 and a beta of 1.81.
Flywire (NASDAQ: FLYW – GET RATINGS) last released its quarterly earnings results on Tuesday, August 9th. The company reported earnings per share for the quarter ($0.22) and missed the consensus estimate ($0.17) ($0.05). Operating income for the quarter was $56.40 million compared to the consensus estimate of $47.61 million. Flywire had a negative return on equity of 7.29% and a negative net margin of 14.98%. The company’s quarterly revenue rose 52.4% year over year. In the same period last year, the company generated earnings per share ($0.16). Research analysts expect Flywire Company to post -0.32 EPS for the year to date.
Analyst upgrades and downgrades
Several research companies have commented on FLYW recently. Goldman Sachs Group upgraded Flywire shares from a “neutral” rating to a “buy” rating and raised its price target on the stock to 30.00 from $26.00 in a research report on Thursday, July 14 $ on. Stephens began reporting on Flywire stocks in a research report on Thursday, June 9th. He set an “overweight” rating and price target of $24.00 for the company. Wells Fargo & Company raised its target price on Flywire shares to $29.00 from $28.00 and gave the stock an overweight rating in a research report on Wednesday. Finally, Raymond James lowered his price target on Flywire from $39.00 to $33.00 in a research note on Wednesday, May 11th. Six analysts have rated the stock with a buy rating and one has given the company a strong buy rating. Based on data from Marketbeat.com, the company currently has a consensus rating of Buy and a consensus price target of $36.43.
Flywire Company Profile
Flywire Corporation and its subsidiaries operate as a payment enablement and software company in the United States, Canada and the United Kingdom and internationally. Its payment platform and network, along with industry-specific software, help clients manage and pay their customers.
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