16,779 Shares in Flywire Co. (NASDAQ:FLYW) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Flywire Co. (NASDAQ:FLYW) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,779 shares of the company’s stock, valued at approximately $275,000.

A number of other large investors have also recently added to or reduced their stakes in FLYW. Advisors Asset Management Inc. raised its stake in shares of Flywire by 15.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 4,046 shares of the company’s stock valued at $66,000 after purchasing an additional 539 shares in the last quarter. Arizona State Retirement System raised its stake in Flywire by 3.1% during the second quarter. Arizona State Retirement System now owns 30,475 shares of the company’s stock valued at $499,000 after buying an additional 908 shares in the last quarter. Truist Financial Corp lifted its holdings in Flywire by 6.2% during the 2nd quarter. Truist Financial Corp now owns 19,434 shares of the company’s stock worth $319,000 after buying an additional 1,128 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Flywire by 7.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 21,295 shares of the company’s stock worth $349,000 after acquiring an additional 1,411 shares in the last quarter. Finally, RiverPark Advisors LLC increased its holdings in shares of Flywire by 9.6% in the 2nd quarter. RiverPark Advisors LLC now owns 16,142 shares of the company’s stock valued at $265,000 after acquiring an additional 1,416 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FLYW. Wells Fargo & Company cut Flywire from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $20.00 to $18.00 in a research note on Friday, October 11th. Royal Bank of Canada decreased their price target on shares of Flywire from $34.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. JPMorgan Chase & Co. increased their price objective on shares of Flywire from $18.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Citigroup decreased their target price on Flywire from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, BTIG Research dropped their price target on Flywire from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Flywire has a consensus rating of “Moderate Buy” and a consensus price target of $24.86.

Insider Activity

In related news, General Counsel Peter Butterfield sold 1,769 shares of Flywire stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $18.04, for a total transaction of $31,912.76. Following the transaction, the general counsel now directly owns 273,517 shares of the company’s stock, valued at $4,934,246.68. The trade was a 0.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO David R. King sold 3,353 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $18.04, for a total transaction of $60,488.12. Following the completion of the sale, the chief technology officer now directly owns 620,184 shares of the company’s stock, valued at $11,188,119.36. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,966 shares of company stock worth $480,143 over the last three months. Corporate insiders own 3.90% of the company’s stock.

Flywire Stock Down 2.5 %

Shares of FLYW opened at $22.71 on Monday. Flywire Co. has a 52-week low of $15.19 and a 52-week high of $31.54. The firm has a market capitalization of $2.83 billion, a PE ratio of 151.40, a P/E/G ratio of 4.38 and a beta of 0.95. The firm has a 50-day moving average price of $18.70 and a 200 day moving average price of $17.78.

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.