WINTON GROUP Ltd Invests $819,000 in Flywire Corporation $FLYW

WINTON GROUP Ltd acquired a new stake in shares of Flywire Corporation (NASDAQ:FLYW) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 57,856 shares of the company’s stock, valued at approximately $819,000.

Several other hedge funds also recently bought and sold shares of FLYW. State of Wyoming lifted its stake in Flywire by 131.8% in the 4th quarter. State of Wyoming now owns 57,117 shares of the company’s stock worth $809,000 after purchasing an additional 32,479 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Flywire by 103.3% in the 4th quarter. BNP Paribas Financial Markets now owns 1,023,958 shares of the company’s stock worth $14,499,000 after purchasing an additional 520,256 shares in the last quarter. Norges Bank purchased a new stake in Flywire in the 4th quarter worth approximately $1,503,000. AlphaQuest LLC lifted its stake in Flywire by 372.4% in the 4th quarter. AlphaQuest LLC now owns 105,448 shares of the company’s stock worth $1,493,000 after purchasing an additional 83,128 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in Flywire in the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 95.90% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on FLYW shares. Morgan Stanley increased their target price on shares of Flywire from $17.00 to $20.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Zacks Research upgraded shares of Flywire from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 20th. Royal Bank Of Canada increased their target price on shares of Flywire from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Flywire to an “outperform” rating in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. upgraded shares of Flywire from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $14.00 to $16.00 in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.07.

Flywire Price Performance

Shares of Flywire stock opened at $14.23 on Thursday. Flywire Corporation has a 1 year low of $10.10 and a 1 year high of $18.05. The firm has a market cap of $1.76 billion, a PE ratio of 61.87, a PEG ratio of 0.97 and a beta of 1.34. The company has a 50 day simple moving average of $14.36 and a two-hundred day simple moving average of $13.54.

Flywire (NASDAQ:FLYW) last announced its earnings results on Tuesday, May 5th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.07. Flywire had a net margin of 4.45% and a return on equity of 3.78%. The business had revenue of $184.00 million during the quarter, compared to analyst estimates of $170.24 million. During the same period in the previous year, the business posted ($0.03) earnings per share. Flywire’s revenue for the quarter was up 40.9% on a year-over-year basis. As a group, research analysts anticipate that Flywire Corporation will post 0.42 earnings per share for the current year.

Insider Buying and Selling at Flywire

In other news, General Counsel Peter Butterfield sold 6,188 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $14.40, for a total value of $89,107.20. Following the completion of the sale, the general counsel directly owned 658,680 shares in the company, valued at approximately $9,484,992. The trade was a 0.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mohit Kansal sold 16,101 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $15.90, for a total transaction of $256,005.90. Following the completion of the sale, the insider owned 567,794 shares of the company’s stock, valued at approximately $9,027,924.60. The trade was a 2.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 295,670 shares of company stock valued at $4,950,820 over the last quarter. Company insiders own 5.00% of the company’s stock.

Flywire Profile

Flywire Corp (NASDAQ: FLYW) is a global payments enablement and software company that specializes in facilitating complex cross-border transactions. Its cloud-based platform streamlines receivables and payer workflows across key verticals including education, healthcare, travel and hospitality, and commercial services. Flywire’s technology integrates with institutional systems to automate payment posting, reconciliation and reporting, aiming to improve the payer experience and accelerate cash flow for its clients.

Founded in 2009 by entrepreneur Iker Marcaide as peerTransfer, the company rebranded as Flywire in 2015.