Temasek Holdings Private Ltd Sells 2,294,038 Shares of Flywire Corporation $FLYW

Temasek Holdings Private Ltd lessened its holdings in Flywire Corporation (NASDAQ:FLYW) by 26.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,390,857 shares of the company’s stock after selling 2,294,038 shares during the period. Temasek Holdings Private Ltd owned approximately 0.05% of Flywire worth $90,495,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Voss Capital LP grew its position in Flywire by 21.5% in the fourth quarter. Voss Capital LP now owns 11,750,000 shares of the company’s stock valued at $166,380,000 after acquiring an additional 2,080,202 shares during the last quarter. Jennison Associates LLC grew its position in Flywire by 35.2% in the fourth quarter. Jennison Associates LLC now owns 4,420,633 shares of the company’s stock valued at $62,596,000 after acquiring an additional 1,150,802 shares during the last quarter. Wellington Management Group LLP grew its position in Flywire by 173.3% in the third quarter. Wellington Management Group LLP now owns 3,358,186 shares of the company’s stock valued at $45,470,000 after acquiring an additional 2,129,514 shares during the last quarter. Mangrove Partners IM LLC bought a new position in Flywire in the third quarter valued at about $39,289,000. Finally, Marshall Wace LLP grew its position in Flywire by 32.8% in the third quarter. Marshall Wace LLP now owns 1,851,327 shares of the company’s stock valued at $25,067,000 after acquiring an additional 456,783 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.

Flywire Trading Up 4.1%

NASDAQ:FLYW opened at $15.31 on Tuesday. The stock has a market cap of $1.89 billion, a P/E ratio of 66.57, a price-to-earnings-growth ratio of 1.01 and a beta of 1.34. The stock’s 50-day moving average is $14.56 and its 200-day moving average is $13.57. Flywire Corporation has a 1-year low of $10.10 and a 1-year high of $18.05.

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

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Zacks Research upgraded Flywire from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 20th. JPMorgan Chase & Co. upgraded 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. Deutsche Bank Aktiengesellschaft upgraded Flywire to an “outperform” rating in a report on Wednesday, May 27th. Truist Financial boosted their price target on Flywire from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Finally, UBS Group boosted their price target on Flywire from $14.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.07.

Insider Buying and Selling

In related news, Director Phillip John Riese sold 37,921 shares of Flywire stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $16.87, for a total value of $639,727.27. Following the transaction, the director directly owned 234,493 shares of the company’s stock, valued at $3,955,896.91. The trade was a 13.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Massaro sold 50,000 shares of Flywire stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $16.39, for a total value of $819,500.00. Following the completion of the transaction, the chief executive officer directly owned 2,766,035 shares in the company, valued at approximately $45,335,313.65. This represents a 1.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 295,670 shares of company stock valued at $4,950,820 over the last 90 days. 5.00% of the stock is currently owned by corporate insiders.

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.