Massachusetts Financial Services Co. MA Sells 3,192 Shares of Flywire Co. (NASDAQ:FLYW)

Massachusetts Financial Services Co. MA reduced its position in Flywire Co. (NASDAQ:FLYWFree Report) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 378,961 shares of the company’s stock after selling 3,192 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Flywire were worth $8,773,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Flywire by 13.8% in the third quarter. Vanguard Group Inc. now owns 10,517,763 shares of the company’s stock valued at $335,411,000 after acquiring an additional 1,278,646 shares during the period. Westfield Capital Management Co. LP lifted its position in Flywire by 10.3% during the third quarter. Westfield Capital Management Co. LP now owns 3,514,112 shares of the company’s stock valued at $112,065,000 after purchasing an additional 327,994 shares during the last quarter. Fred Alger Management LLC lifted its position in Flywire by 3.2% during the third quarter. Fred Alger Management LLC now owns 3,479,847 shares of the company’s stock valued at $110,972,000 after purchasing an additional 108,749 shares during the last quarter. William Blair Investment Management LLC bought a new stake in Flywire during the third quarter valued at approximately $100,341,000. Finally, Invesco Ltd. lifted its position in Flywire by 23.5% during the third quarter. Invesco Ltd. now owns 3,106,540 shares of the company’s stock valued at $99,068,000 after purchasing an additional 591,904 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Flywire in a research report on Tuesday, February 6th. They set a “buy” rating and a $27.00 target price for the company. BTIG Research lowered their price objective on shares of Flywire from $34.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. JPMorgan Chase & Co. boosted their price objective on shares of Flywire from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. The Goldman Sachs Group lowered their price objective on shares of Flywire from $32.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Finally, Oppenheimer started coverage on shares of Flywire in a report on Tuesday, January 23rd. They issued an “outperform” rating and a $25.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $31.29.

Get Our Latest Stock Analysis on FLYW

Insider Buying and Selling at Flywire

In other Flywire news, CEO Michael Massaro sold 28,822 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $27.30, for a total transaction of $786,840.60. Following the transaction, the chief executive officer now directly owns 1,743,032 shares of the company’s stock, valued at approximately $47,584,773.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Michael Massaro sold 28,822 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $27.30, for a total value of $786,840.60. Following the sale, the chief executive officer now directly owns 1,743,032 shares of the company’s stock, valued at approximately $47,584,773.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Phillip John Riese sold 50,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $26.41, for a total transaction of $1,320,500.00. Following the completion of the sale, the director now directly owns 232,037 shares in the company, valued at $6,128,097.17. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 141,800 shares of company stock valued at $3,743,582. 3.90% of the stock is currently owned by company insiders.

Flywire Stock Down 1.1 %

Shares of NASDAQ FLYW opened at $16.60 on Friday. Flywire Co. has a 52 week low of $15.77 and a 52 week high of $35.80. The firm’s fifty day moving average is $21.95 and its 200 day moving average is $22.64.

Flywire (NASDAQ:FLYWGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). The company had revenue of $114.10 million for the quarter, compared to analysts’ expectations of $107.81 million. Flywire had a negative net margin of 2.63% and a negative return on equity of 1.56%. The firm’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.03) earnings per share. Equities research analysts expect that Flywire Co. will post 0.02 EPS for the current fiscal year.

Flywire Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Flywire (NASDAQ:FLYW)

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