Flywire Co. (NASDAQ:FLYW) Shares Purchased by Sei Investments Co.

Sei Investments Co. grew its position in shares of Flywire Co. (NASDAQ:FLYW) by 38.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 110,144 shares of the company’s stock after acquiring an additional 30,572 shares during the quarter. Sei Investments Co. owned about 0.09% of Flywire worth $2,271,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Global Retirement Partners LLC bought a new stake in Flywire during the 4th quarter valued at $30,000. Arcadia Investment Management Corp MI bought a new position in shares of Flywire in the fourth quarter valued at approximately $48,000. KBC Group NV increased its stake in shares of Flywire by 64.0% during the fourth 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 during the period. Venturi Wealth Management LLC acquired a new stake in Flywire in the fourth quarter worth approximately $104,000. Finally, Highland Capital Management LLC bought a new position in Flywire during the 4th quarter valued at $221,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Analyst Upgrades and Downgrades

FLYW has been the subject of several research reports. Seaport Res Ptn cut Flywire from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. BTIG Research lowered Flywire from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 26th. Citigroup dropped their target price on shares of Flywire from $26.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Deutsche Bank Aktiengesellschaft lowered Flywire from a “buy” rating to a “hold” rating and dropped their price target for the company from $26.00 to $16.00 in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company dropped their price target on shares of Flywire from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $17.92.

Flywire Trading Down 2.0 %

NASDAQ FLYW opened at $9.10 on Friday. Flywire Co. has a 1 year low of $8.62 and a 1 year high of $23.90. The company has a fifty day simple moving average of $14.24 and a 200 day simple moving average of $17.52. The company has a market cap of $1.12 billion, a P/E ratio of 60.67, a P/E/G ratio of 1.41 and a beta of 1.22.

Flywire (NASDAQ:FLYW) last released its earnings results 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). The business 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%. Equities research analysts forecast that Flywire Co. will post 0.14 EPS for the current fiscal year.

Insider Activity

In other news, General Counsel Peter Butterfield sold 5,523 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gretchen Howard bought 8,889 shares of the stock in a transaction that occurred on 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 purchase, the director now owns 30,770 shares of the company’s stock, 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. 3.90% of the stock is owned by company insiders.

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.