New York State Common Retirement Fund Boosts Stock Holdings in Flywire Co. (NASDAQ:FLYW)

New York State Common Retirement Fund increased its stake in Flywire Co. (NASDAQ:FLYW) by 99.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 220,625 shares of the company’s stock after acquiring an additional 110,124 shares during the quarter. New York State Common Retirement Fund owned approximately 0.18% of Flywire worth $4,549,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in Flywire by 3.6% in the 3rd quarter. FMR LLC now owns 9,408,098 shares of the company’s stock worth $154,199,000 after acquiring an additional 326,120 shares in the last quarter. Westfield Capital Management Co. LP increased its holdings in Flywire by 19.3% in the 3rd quarter. Westfield Capital Management Co. LP now owns 6,226,912 shares of the company’s stock worth $102,059,000 after acquiring an additional 1,006,516 shares in the last quarter. Jennison Associates LLC increased its holdings in Flywire by 53.0% in the 4th quarter. Jennison Associates LLC now owns 3,406,312 shares of the company’s stock worth $70,238,000 after acquiring an additional 1,179,562 shares in the last quarter. State Street Corp increased its holdings in Flywire by 5.2% in the 3rd quarter. State Street Corp now owns 2,930,906 shares of the company’s stock worth $48,038,000 after acquiring an additional 145,894 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Flywire by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,799,486 shares of the company’s stock worth $45,892,000 after acquiring an additional 17,062 shares in the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Flywire Trading Up 4.5 %

Shares of FLYW stock opened at $11.40 on Friday. The company’s 50-day moving average price is $19.03 and its 200-day moving average price is $18.83. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 76.00, a PEG ratio of 1.41 and a beta of 1.08. Flywire Co. has a twelve month low of $8.62 and a twelve month high of $29.53.

Flywire (NASDAQ:FLYW) last posted its earnings results on Tuesday, February 25th. The company reported ($0.12) 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 during the quarter, compared to analyst estimates of $118.85 million. As a group, equities research analysts predict that Flywire Co. will post 0.14 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on FLYW. Morgan Stanley cut their price target on shares of Flywire from $21.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday. Seaport Res Ptn lowered shares of Flywire from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Raymond James lowered shares of Flywire from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from $29.00 to $17.00 in a report on Wednesday. BTIG Research lowered shares of Flywire from a “buy” rating to a “neutral” rating in a report on Wednesday. Finally, Stephens lowered shares of Flywire from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $26.00 to $15.00 in a report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Flywire presently has an average rating of “Hold” and an average price target of $19.23.

Flywire Profile

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.