Flywire Corporation $FLYW is Norwood Investment Partners LP’s 4th Largest Position

Norwood Investment Partners LP raised its position in Flywire Corporation (NASDAQ:FLYW) by 48.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 860,500 shares of the company’s stock after buying an additional 280,424 shares during the quarter. Flywire comprises about 10.0% of Norwood Investment Partners LP’s holdings, making the stock its 4th largest position. Norwood Investment Partners LP owned about 0.70% of Flywire worth $11,651,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FLYW. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Flywire by 3.4% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 24,086 shares of the company’s stock valued at $326,000 after acquiring an additional 800 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Flywire by 194.9% in the second quarter. Nisa Investment Advisors LLC now owns 3,279 shares of the company’s stock worth $38,000 after purchasing an additional 2,167 shares in the last quarter. Covestor Ltd increased its stake in shares of Flywire by 217.9% in the third quarter. Covestor Ltd now owns 3,233 shares of the company’s stock worth $43,000 after purchasing an additional 2,216 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Flywire by 78.4% in the second quarter. Daiwa Securities Group Inc. now owns 5,681 shares of the company’s stock valued at $66,000 after purchasing an additional 2,497 shares during the period. Finally, CWM LLC lifted its stake in shares of Flywire by 76.3% during the 3rd quarter. CWM LLC now owns 11,364 shares of the company’s stock valued at $154,000 after buying an additional 4,917 shares in the last quarter. Institutional investors own 95.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on FLYW shares. Wall Street Zen upgraded shares of Flywire from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. B. Riley Financial lifted their target price on Flywire from $15.00 to $20.00 and gave the company a “buy” rating in a report on Friday, January 9th. The Goldman Sachs Group lowered their price target on shares of Flywire from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Zacks Research upgraded shares of Flywire from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, Truist Financial reduced their price objective on shares of Flywire from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Flywire currently has a consensus rating of “Hold” and an average target price of $15.58.

Flywire Stock Up 2.3%

NASDAQ:FLYW opened at $12.85 on Thursday. The stock has a market cap of $1.57 billion, a P/E ratio of 128.51, a PEG ratio of 1.26 and a beta of 1.28. The business’s 50-day moving average price is $12.84 and its two-hundred day moving average price is $13.25. Flywire Corporation has a twelve month low of $8.20 and a twelve month high of $15.25.

Flywire (NASDAQ:FLYW) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $105.55 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $105.56. The company had revenue of $157.54 million for the quarter, compared to analysts’ expectations of $144.96 million. Flywire had a net margin of 2.17% and a return on equity of 2.76%. Flywire’s revenue for the quarter was up 34.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.12) earnings per share. On average, equities research analysts expect that Flywire Corporation will post 0.14 EPS for the current fiscal year.

Insider Transactions at Flywire

In related news, major shareholder Voss Capital, Lp bought 181,121 shares of the business’s stock in a transaction that occurred on Tuesday, December 30th. The stock was bought at an average cost of $14.15 per share, for a total transaction of $2,562,862.15. Following the completion of the transaction, the insider owned 9,625,009 shares of the company’s stock, valued at approximately $136,193,877.35. The trade was a 1.92% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Peter Butterfield sold 13,327 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $15.01, for a total value of $200,038.27. Following the sale, the general counsel owned 374,933 shares in the company, valued at $5,627,744.33. The trade was a 3.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have purchased 251,112 shares of company stock valued at $3,477,834 and have sold 38,426 shares valued at $567,215. Insiders own 4.40% of the company’s stock.

Flywire Company 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.