159,442 Shares in Flywire Corporation $FLYW Purchased by CenterBook Partners LP

CenterBook Partners LP purchased a new position in Flywire Corporation (NASDAQ:FLYW) during the 3rd quarter, HoldingsChannel reports. The firm purchased 159,442 shares of the company’s stock, valued at approximately $2,790,000.

Other large investors also recently modified their holdings of the company. Calamos Advisors LLC bought a new stake in shares of Flywire in the third quarter valued at approximately $1,360,000. One Way Holdings LLC raised its stake in Flywire by 7.2% during the 3rd quarter. One Way Holdings LLC now owns 1,131,863 shares of the company’s stock valued at $19,808,000 after purchasing an additional 76,310 shares during the last quarter. Vise Technologies Inc. acquired a new position in Flywire during the 3rd quarter valued at $404,000. Simplicity Wealth LLC bought a new stake in Flywire in the 3rd quarter valued at $294,000. Finally, Sterling Capital Management LLC boosted its holdings in Flywire by 592.3% in the 3rd quarter. Sterling Capital Management LLC now owns 3,884 shares of the company’s stock valued at $68,000 after purchasing an additional 3,323 shares during the period. 95.90% of the stock is currently owned by institutional investors and hedge funds.

Flywire Trading Up 1.5%

Shares of NASDAQ FLYW opened at $21.57 on Friday. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 35.95, a PEG ratio of 1.37 and a beta of 1.32. Flywire Corporation has a one year low of $10.55 and a one year high of $22.17. The business has a fifty day simple moving average of $18.45 and a 200 day simple moving average of $15.69.

Flywire (NASDAQ:FLYW) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.26. The firm had revenue of $250.30 million for the quarter, compared to the consensus estimate of $233.25 million. Flywire had a net margin of 10.34% and a return on equity of 9.25%. The business’s revenue was up 25.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 earnings per share. On average, research analysts anticipate that Flywire Corporation will post 0.40 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FLYW shares. UBS Group raised their price target on shares of Flywire from $19.00 to $21.50 and gave the stock a “neutral” rating in a research report on Wednesday. Wolfe Research upped their price objective on shares of Flywire from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. Citigroup increased their target price on shares of Flywire from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday. Raymond James Financial reissued an “outperform” rating and set a $24.00 target price on shares of Flywire in a research report on Wednesday. Finally, Weiss Ratings upgraded Flywire from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, September 1st. Seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Flywire has an average rating of “Hold” and a consensus price target of $22.27.

Insider Transactions at Flywire

In other news, General Counsel Peter Butterfield sold 12,156 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $17.99, for a total transaction of $218,686.44. Following the completion of the transaction, the general counsel directly owned 601,022 shares of the company’s stock, valued at approximately $10,812,385.78. This trade represents a 1.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Voss Capital, Lp sold 172,973 shares of Flywire stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $19.19, for a total transaction of $3,319,351.87. Following the sale, the insider owned 369,168 shares in the company, valued at approximately $7,084,333.92. This trade represents a 31.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 653,996 shares of company stock valued at $12,466,115. Company insiders own 5.00% of the company’s stock.

Flywire Profile

Flywire Corp. (NASDAQ: FLYW) is a global payments and software company that helps organizations receive and manage payments from customers and clients in multiple countries and currencies. Its platform is designed to simplify complex, cross-border transactions while providing payment tracking, reconciliation and related accounts-receivable capabilities.

The company serves several major verticals, including education, healthcare, travel and business-to-business payments. Its products and services include international and domestic payment processing, digital billing and invoicing, payment plans, embedded payment solutions and tools that help organizations automate reconciliation and improve the payment experience.

Flywire was founded in 2009 as peerTransfer and is headquartered in Boston, Massachusetts.