Flywire Corporation $FLYW Shares Sold by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd trimmed its holdings in Flywire Corporation (NASDAQ:FLYW) by 3.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,173,385 shares of the company’s stock after selling 217,472 shares during the quarter. Temasek Holdings Private Ltd owned about 0.05% of Flywire worth $71,858,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Wellington Management Group LLP increased its holdings in shares of 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 purchasing an additional 2,129,514 shares during the last quarter. Voss Capital LP grew its holdings in Flywire by 21.5% in the 4th quarter. Voss Capital LP now owns 11,750,000 shares of the company’s stock valued at $166,380,000 after buying an additional 2,080,202 shares in the last quarter. Jennison Associates LLC grew its holdings in Flywire by 35.2% in the 4th quarter. Jennison Associates LLC now owns 4,420,633 shares of the company’s stock valued at $62,596,000 after buying an additional 1,150,802 shares in the last quarter. Cooper Creek Partners Management LLC acquired a new stake in shares of Flywire in the 3rd quarter worth $15,433,000. Finally, Ameriprise Financial Inc. increased its stake in shares of Flywire by 430.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,289,540 shares of the company’s stock worth $15,088,000 after acquiring an additional 1,046,544 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Flywire Price Performance

Shares of NASDAQ:FLYW opened at $17.47 on Wednesday. The firm has a market capitalization of $2.16 billion, a PE ratio of 75.96, a price-to-earnings-growth ratio of 1.84 and a beta of 1.32. The firm’s 50-day moving average is $16.47 and its two-hundred day moving average is $14.16. Flywire Corporation has a 1 year low of $10.10 and a 1 year high of $18.98.

Flywire (NASDAQ:FLYW) last released its earnings results on Tuesday, May 5th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.07. Flywire had a return on equity of 3.78% and a net margin of 4.45%.The firm had revenue of $184.00 million during the quarter, compared to analyst estimates of $170.24 million. During the same period last year, the business posted ($0.03) earnings per share. Flywire’s revenue was up 40.9% compared to the same quarter last year. Analysts expect that Flywire Corporation will post 0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, General Counsel Peter Butterfield sold 6,528 shares of Flywire stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $15.08, for a total transaction of $98,442.24. Following the sale, the general counsel owned 652,152 shares in the company, valued at approximately $9,834,452.16. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Rob Orgel sold 178,980 shares of Flywire stock in a transaction on Monday, June 1st. The shares were sold at an average price of $17.00, for a total transaction of $3,042,660.00. Following the completion of the transaction, the chief operating officer directly owned 959,061 shares in the company, valued at $16,304,037. The trade was a 15.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 410,391 shares of company stock worth $6,700,493. 5.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

FLYW has been the topic of several recent research reports. Truist Financial boosted their price target on shares of Flywire from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Wall Street Zen cut shares of Flywire from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. The Goldman Sachs Group lifted their target price on shares of Flywire from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Morgan Stanley boosted their target price on shares of Flywire from $17.00 to $20.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, UBS Group boosted their target price on shares of Flywire from $14.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Flywire currently has an average rating of “Moderate Buy” and a consensus target price of $18.77.

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.