Blair William & Co. IL Sells 36,187 Shares of Flywire Co. (NASDAQ:FLYW)

Blair William & Co. IL lessened its holdings in shares of Flywire Co. (NASDAQ:FLYW) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,850,980 shares of the company’s stock after selling 36,187 shares during the period. Blair William & Co. IL’s holdings in Flywire were worth $38,167,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in FLYW. Global Retirement Partners LLC acquired a new stake in Flywire in the fourth quarter worth $30,000. Arcadia Investment Management Corp MI bought a new position in shares of Flywire in the fourth quarter valued at approximately $48,000. Advisors Asset Management Inc. raised its stake in shares of Flywire by 15.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 4,046 shares of the company’s stock worth $66,000 after purchasing an additional 539 shares during the period. KBC Group NV raised its position in Flywire by 64.0% in the fourth quarter. KBC Group NV now owns 4,899 shares of the company’s stock worth $101,000 after acquiring an additional 1,911 shares during the period. Finally, Venturi Wealth Management LLC purchased a new position in shares of Flywire during the 4th quarter valued at $104,000. Institutional investors own 95.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on FLYW shares. Seaport Res Ptn lowered Flywire from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. UBS Group downgraded shares of Flywire from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $25.00 to $15.00 in a research report on Wednesday, February 26th. Stephens cut shares of Flywire from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $26.00 to $15.00 in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft cut shares of Flywire from a “buy” rating to a “hold” rating and cut their price target for the company from $26.00 to $16.00 in a report on Wednesday, February 26th. Finally, Morgan Stanley decreased their target price on shares of Flywire from $21.00 to $15.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $18.23.

Insider Activity

In other news, Director Gretchen Howard bought 8,889 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average price of $10.94 per share, with a total value of $97,245.66. Following the completion of the acquisition, the director now directly owns 30,770 shares of the company’s stock, valued at $336,623.80. This trade represents a 40.62 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Peter Butterfield sold 5,523 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was 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 owns 247,561 shares in the company, valued at approximately $2,495,414.88. This trade represents a 2.18 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

Flywire Stock Down 0.7 %

Shares of Flywire stock opened at $9.95 on Friday. The firm has a market capitalization of $1.23 billion, a P/E ratio of 66.33, a PEG ratio of 1.41 and a beta of 1.17. Flywire Co. has a 52 week low of $8.62 and a 52 week high of $25.10. The company has a 50 day moving average price of $15.42 and a 200 day moving average price of $17.86.

Flywire (NASDAQ:FLYW) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). The company had revenue of $112.80 million for the quarter, compared to analysts’ expectations of $118.85 million. Flywire had a net margin of 4.23% and a return on equity of 2.49%. As a group, research analysts anticipate that Flywire Co. will post 0.14 earnings per share for the current fiscal year.

Flywire Company 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.