Advisory Research Inc. Buys New Shares in Flywire Corporation $FLYW

Advisory Research Inc. purchased a new position in shares of Flywire Corporation (NASDAQ:FLYW) in the third quarter, according to its most recent filing with the SEC. The firm purchased 116,295 shares of the company’s stock, valued at approximately $1,575,000. Advisory Research Inc. owned 0.10% of Flywire at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in FLYW. GDS Wealth Management grew its stake in Flywire by 9.0% during the third quarter. GDS Wealth Management now owns 1,039,320 shares of the company’s stock worth $14,072,000 after purchasing an additional 85,411 shares during the period. Norges Bank acquired a new position in Flywire in the second quarter valued at approximately $2,334,000. Walleye Capital LLC boosted its holdings in shares of Flywire by 206.0% during the 2nd quarter. Walleye Capital LLC now owns 462,665 shares of the company’s stock worth $5,413,000 after buying an additional 311,448 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Flywire during the 2nd quarter worth approximately $383,000. Finally, Azora Capital LP acquired a new stake in shares of Flywire during the 2nd quarter worth approximately $33,355,000. 95.90% of the stock is owned by institutional investors.

Insider Buying and Selling at Flywire

In other news, General Counsel Peter Butterfield sold 9,009 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $13.05, for a total value of $117,567.45. Following the completion of the transaction, the general counsel directly owned 532,962 shares of the company’s stock, valued at $6,955,154.10. This represents a 1.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Voss Capital, Lp purchased 25,000 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were acquired at an average cost of $10.99 per share, with a total value of $274,750.00. Following the completion of the transaction, the insider directly owned 2,300,000 shares of the company’s stock, valued at $25,277,000. The trade was a 1.10% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders bought 251,112 shares of company stock worth $3,477,834 and sold 39,315 shares worth $573,620. Company insiders own 4.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FLYW. Zacks Research upgraded shares of Flywire from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. B. Riley Financial raised their price target on shares of Flywire from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Stephens raised shares of Flywire from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $17.00 to $19.00 in a research note on Friday, January 16th. Citigroup cut their price objective on shares of Flywire from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, February 26th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Flywire in a research note on Thursday, January 22nd. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $15.58.

Flywire Trading Down 3.8%

NASDAQ FLYW opened at $12.49 on Friday. The business has a fifty day simple moving average of $12.70 and a 200 day simple moving average of $13.27. Flywire Corporation has a 12 month low of $8.20 and a 12 month high of $15.25. The firm has a market capitalization of $1.51 billion, a P/E ratio of 124.91, a PEG ratio of 1.13 and a beta of 1.28.

Flywire (NASDAQ:FLYW) last posted its earnings results on Tuesday, February 24th. The company reported $105.55 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $105.56. Flywire had a net margin of 2.17% and a return on equity of 2.76%. The firm had revenue of $157.54 million during the quarter, compared to analyst estimates of $144.96 million. During the same quarter in the prior year, the business posted ($0.12) EPS. The business’s revenue was up 34.0% compared to the same quarter last year. As a group, sell-side analysts predict that Flywire Corporation will post 0.14 EPS for the current fiscal year.

About Flywire

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.