Marshall Wace LLP Purchases 110,893 Shares of Flywire Co. (NASDAQ:FLYW)

Marshall Wace LLP increased its holdings in Flywire Co. (NASDAQ:FLYW) by 6.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,735,505 shares of the company’s stock after acquiring an additional 110,893 shares during the quarter. Marshall Wace LLP’s holdings in Flywire were worth $28,445,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. William Blair Investment Management LLC raised its holdings in shares of Flywire by 125.1% in the 2nd quarter. William Blair Investment Management LLC now owns 11,731,790 shares of the company’s stock valued at $192,284,000 after acquiring an additional 6,519,598 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Flywire by 0.9% during the first quarter. Vanguard Group Inc. now owns 10,861,990 shares of the company’s stock worth $269,486,000 after purchasing an additional 100,704 shares in the last quarter. Westfield Capital Management Co. LP increased its position in shares of Flywire by 10.3% in the first quarter. Westfield Capital Management Co. LP now owns 4,837,491 shares of the company’s stock worth $120,018,000 after purchasing an additional 450,760 shares during the last quarter. Eventide Asset Management LLC raised its stake in Flywire by 3.2% in the fourth quarter. Eventide Asset Management LLC now owns 4,203,264 shares of the company’s stock valued at $97,306,000 after purchasing an additional 131,996 shares in the last quarter. Finally, Capital International Investors lifted its position in Flywire by 21.8% during the fourth quarter. Capital International Investors now owns 2,713,564 shares of the company’s stock valued at $62,819,000 after purchasing an additional 485,654 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Flywire Trading Up 2.9 %

FLYW stock opened at $16.82 on Friday. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of -152.90, a PEG ratio of 5.42 and a beta of 0.98. The firm’s 50-day moving average price is $17.66 and its two-hundred day moving average price is $18.90. Flywire Co. has a 12-month low of $15.19 and a 12-month high of $32.84.

Flywire (NASDAQ:FLYW) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). Flywire had a negative net margin of 1.85% and a negative return on equity of 1.03%. The business had revenue of $103.68 million for the quarter, compared to the consensus estimate of $100.30 million. During the same period in the previous year, the company earned ($0.15) EPS. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. Equities analysts predict that Flywire Co. will post 0.06 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on FLYW shares. Citigroup decreased their price target on shares of Flywire from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. BTIG Research reduced their target price on Flywire from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Wells Fargo & Company dropped their price target on Flywire from $25.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. JPMorgan Chase & Co. upped their target price on Flywire from $18.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Finally, Royal Bank of Canada lowered their price objective 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. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.92.

Insider Activity at Flywire

In related news, CTO David R. King sold 3,504 shares of Flywire stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $17.31, for a total value of $60,654.24. Following the sale, the chief technology officer now owns 616,680 shares in the company, valued at $10,674,730.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CTO David R. King sold 3,504 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $17.31, for a total value of $60,654.24. Following the completion of the transaction, the chief technology officer now directly owns 616,680 shares of the company’s stock, valued at $10,674,730.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Rob Orgel sold 3,824 shares of Flywire stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $17.31, for a total value of $66,193.44. Following the sale, the chief operating officer now directly owns 473,648 shares in the company, valued at $8,198,846.88. The disclosure for this sale can be found here. Insiders sold a total of 26,966 shares of company stock worth $480,143 over the last quarter. 3.90% of the stock is owned by corporate 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.