Quantinno Capital Management LP Increases Stock Position in Flywire Corporation $FLYW

Quantinno Capital Management LP increased its holdings in shares of Flywire Corporation (NASDAQ:FLYW) by 49.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 238,849 shares of the company’s stock after purchasing an additional 79,368 shares during the period. Quantinno Capital Management LP’s holdings in Flywire were worth $2,780,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. ABS Direct Equity Fund LLC lifted its holdings in Flywire by 9.4% during the first quarter. ABS Direct Equity Fund LLC now owns 350,000 shares of the company’s stock worth $4,074,000 after buying an additional 30,000 shares during the period. North Reef Capital Management LP boosted its position in Flywire by 83.3% during the 1st quarter. North Reef Capital Management LP now owns 1,100,000 shares of the company’s stock valued at $12,804,000 after acquiring an additional 499,999 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Flywire by 110.8% in the 1st quarter. Renaissance Technologies LLC now owns 887,200 shares of the company’s stock valued at $10,327,000 after acquiring an additional 466,300 shares during the period. State of Wyoming increased its holdings in shares of Flywire by 72.3% in the 1st quarter. State of Wyoming now owns 98,409 shares of the company’s stock valued at $1,145,000 after acquiring an additional 41,292 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Flywire by 18.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,886,865 shares of the company’s stock worth $21,962,000 after acquiring an additional 295,960 shares in the last quarter. 95.90% of the stock is owned by hedge funds and other institutional investors.

Flywire Price Performance

FLYW opened at $17.78 on Monday. Flywire Corporation has a 52-week low of $10.55 and a 52-week high of $18.98. The company has a market cap of $2.19 billion, a P/E ratio of 68.39, a price-to-earnings-growth ratio of 1.82 and a beta of 1.34. The firm’s 50-day moving average price is $16.68 and its 200-day moving average price is $14.39.

Flywire (NASDAQ:FLYW) last released its earnings results on Tuesday, August 4th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The company had revenue of $163.80 million during the quarter, compared to analyst estimates of $156.47 million. Flywire had a return on equity of 4.08% and a net margin of 4.77%.The firm’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.10) earnings per share. On average, research analysts anticipate that Flywire Corporation will post 0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on FLYW shares. Raymond James Financial reissued an “outperform” rating and set a $22.00 price target on shares of Flywire in a research report on Wednesday, May 27th. Weiss Ratings downgraded shares of Flywire from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $22.00 price target on shares of Flywire in a report on Wednesday. Citigroup reaffirmed a “neutral” rating on shares of Flywire in a research report on Thursday. Finally, UBS Group increased their price objective on Flywire from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Wednesday. Eight research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Flywire currently has a consensus rating of “Hold” and a consensus target price of $19.38.

Insiders Place Their Bets

In other news, Director Phillip John Riese sold 5,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $15.43, for a total transaction of $77,150.00. Following the sale, the director directly owned 234,493 shares of the company’s stock, valued at $3,618,226.99. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Massaro sold 50,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $15.26, for a total value of $763,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,678,051 shares in the company, valued at approximately $40,867,058.26. The trade was a 1.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 304,889 shares of company stock valued at $4,958,590. Corporate 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.