Flywire Corporation $FLYW Shares Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Flywire Corporation (NASDAQ:FLYW) by 296.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 172,202 shares of the company’s stock after acquiring an additional 128,722 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Flywire were worth $2,438,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FLYW. Mangrove Partners IM LLC acquired a new stake in Flywire during the third quarter valued at $39,289,000. Wellington Management Group LLP grew its position 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 period. Cooper Creek Partners Management LLC acquired a new stake in shares of Flywire in the third quarter valued at about $15,433,000. Ameriprise Financial Inc. grew its position in shares of Flywire by 430.7% in the second quarter. Ameriprise Financial Inc. now owns 1,289,540 shares of the company’s stock valued at $15,088,000 after purchasing an additional 1,046,544 shares during the period. Finally, Ararat Capital Management LP acquired a new stake in shares of Flywire in the third quarter valued at about $10,492,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Flywire in a research report on Tuesday, April 21st. UBS Group dropped their target price on shares of Flywire from $15.50 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Citigroup dropped their target price 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. The Goldman Sachs Group dropped their target price on shares of Flywire from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 25th. Finally, Morgan Stanley upgraded shares of Flywire from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $15.00 to $17.00 in a research report on Monday, March 2nd. Six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.18.

Insider Transactions at Flywire

In other Flywire news, General Counsel Peter Butterfield sold 9,009 shares of Flywire stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $13.05, for a total transaction of $117,567.45. Following the transaction, the general counsel directly owned 532,962 shares of the company’s stock, valued at $6,955,154.10. The trade was a 1.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Voss Capital, Lp purchased 25,000 shares of Flywire stock in a transaction dated Friday, February 13th. The stock was bought at an average cost of $10.99 per share, for a total transaction of $274,750.00. Following the completion of the purchase, the insider directly owned 2,300,000 shares in the company, valued at approximately $25,277,000. This trade represents a 1.10% increase in their position. The SEC filing for this purchase provides additional information. 4.40% of the stock is owned by insiders.

Flywire Price Performance

Shares of FLYW stock opened at $13.51 on Friday. The firm’s 50-day moving average is $12.51 and its two-hundred day moving average is $13.10. Flywire Corporation has a 12 month low of $9.35 and a 12 month high of $15.25. The company has a market capitalization of $1.64 billion, a PE ratio of 135.11, a price-to-earnings-growth ratio of 1.15 and a beta of 1.26.

Flywire (NASDAQ:FLYW) last issued its earnings results on Tuesday, February 24th. The company reported $105.55 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $105.56. Flywire had a net margin of 2.17% and a return on equity of 2.76%. The company had revenue of $157.54 million for the quarter, compared to the consensus estimate of $144.96 million. During the same period in the previous year, the firm earned ($0.12) earnings per share. Flywire’s quarterly revenue was up 34.0% compared to the same quarter last year. Sell-side analysts forecast that Flywire Corporation will post 0.35 EPS for the current year.

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.