State of Wyoming Has $226,000 Stock Holdings in Flywire Co. (NASDAQ:FLYW)

State of Wyoming boosted its position in shares of Flywire Co. (NASDAQ:FLYW) by 80.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 10,939 shares of the company’s stock after purchasing an additional 4,865 shares during the quarter. State of Wyoming’s holdings in Flywire were worth $226,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Versor Investments LP acquired a new position in Flywire during the 4th quarter worth $1,118,000. Y Intercept Hong Kong Ltd lifted its stake in shares of Flywire by 345.3% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 96,029 shares of the company’s stock valued at $1,980,000 after purchasing an additional 74,465 shares during the period. Sei Investments Co. lifted its stake in shares of Flywire by 38.4% in the 4th quarter. Sei Investments Co. now owns 110,144 shares of the company’s stock valued at $2,271,000 after purchasing an additional 30,572 shares during the period. Vanguard Group Inc. lifted its stake in shares of Flywire by 6.9% in the 4th quarter. Vanguard Group Inc. now owns 12,087,221 shares of the company’s stock valued at $249,238,000 after purchasing an additional 781,711 shares during the period. Finally, New York State Common Retirement Fund lifted its stake in shares of Flywire by 99.7% in the 4th quarter. New York State Common Retirement Fund now owns 220,625 shares of the company’s stock valued at $4,549,000 after purchasing an additional 110,124 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.

Wall Street Analysts Forecast Growth

FLYW has been the topic of a number of analyst reports. Royal Bank of Canada cut their price target on Flywire from $20.00 to $17.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 7th. Stephens downgraded Flywire from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $26.00 to $15.00 in a research note on Wednesday, February 26th. Wolfe Research reissued a “peer perform” rating on shares of Flywire in a research note on Wednesday, April 23rd. BTIG Research downgraded Flywire from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 26th. Finally, UBS Group downgraded Flywire from a “buy” rating to a “neutral” rating and cut their price target for the company from $25.00 to $15.00 in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Flywire presently has an average rating of “Hold” and an average price target of $15.42.

Flywire Price Performance

FLYW opened at $11.03 on Friday. Flywire Co. has a 12 month low of $8.20 and a 12 month high of $23.40. The company has a fifty day simple moving average of $9.78 and a 200 day simple moving average of $15.70. The stock has a market cap of $1.34 billion, a P/E ratio of 73.53, a P/E/G ratio of 1.41 and a beta of 1.22.

Flywire (NASDAQ:FLYW) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $128.70 million during the quarter, compared to analysts’ expectations of $124.18 million. Flywire had a net margin of 4.23% and a return on equity of 2.49%. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) EPS. On average, equities research analysts expect that Flywire Co. will post 0.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Gretchen Howard bought 8,889 shares of the stock in a transaction on Thursday, February 27th. The stock was purchased at an average price of $10.94 per share, for a total transaction of $97,245.66. Following the acquisition, the director now owns 30,770 shares in the company, valued at approximately $336,623.80. This trade represents a 40.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel Peter Butterfield sold 5,523 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $10.08, for a total value of $55,671.84. Following the transaction, the general counsel now owns 247,561 shares of the company’s stock, valued at approximately $2,495,414.88. This trade represents a 2.18% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

Flywire Profile

Flywire Corporation, together with its subsidiaries, operates as a payments enablement and software company in the United States and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company’s platform facilitates payment flows across multiple currencies, payment types, and payment options, as well as provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly.