Natixis Advisors LLC Acquires 4,496 Shares of Flywire Co. (NASDAQ:FLYW)

Natixis Advisors LLC lifted its holdings in Flywire Co. (NASDAQ:FLYW) by 7.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,920 shares of the company’s stock after buying an additional 4,496 shares during the quarter. Natixis Advisors LLC’s holdings in Flywire were worth $1,277,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FLYW. Arizona State Retirement System raised its stake in shares of Flywire by 1.6% in the fourth quarter. Arizona State Retirement System now owns 32,215 shares of the company’s stock worth $664,000 after acquiring an additional 513 shares during the last quarter. Advisors Asset Management Inc. raised its position in Flywire by 15.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 4,046 shares of the company’s stock worth $66,000 after purchasing an additional 539 shares during the last quarter. Bullseye Asset Management LLC lifted its holdings in Flywire by 0.7% during the 3rd quarter. Bullseye Asset Management LLC now owns 146,846 shares of the company’s stock worth $2,407,000 after buying an additional 1,000 shares in the last quarter. Captrust Financial Advisors boosted its position in Flywire by 12.3% in the 3rd quarter. Captrust Financial Advisors now owns 13,377 shares of the company’s stock valued at $219,000 after buying an additional 1,463 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of Flywire in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 95.90% of the company’s stock.

Insider Buying and Selling

In other Flywire news, Director Gretchen Howard bought 8,889 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average price of $10.94 per share, with a total value of $97,245.66. Following the completion of the transaction, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Peter Butterfield sold 5,523 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $10.08, for a total transaction of $55,671.84. Following the sale, the general counsel now directly owns 247,561 shares in the company, valued at $2,495,414.88. This trade represents a 2.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FLYW. BTIG Research lowered Flywire from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 26th. The Goldman Sachs Group lowered shares of Flywire from a “buy” rating to a “neutral” rating and reduced their target price for the company from $26.00 to $15.00 in a research note on Wednesday, February 26th. Raymond James downgraded shares of Flywire from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $29.00 to $17.00 in a research note on Wednesday, February 26th. Wells Fargo & Company reduced their price objective on shares of Flywire from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 26th. Finally, Morgan Stanley dropped their target price on shares of Flywire from $21.00 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $18.23.

Flywire Stock Performance

Shares of FLYW stock opened at $10.21 on Wednesday. The company has a market capitalization of $1.26 billion, a P/E ratio of 68.07, a price-to-earnings-growth ratio of 1.41 and a beta of 1.17. Flywire Co. has a 52 week low of $8.62 and a 52 week high of $25.27. The company’s 50 day moving average price is $15.83 and its two-hundred day moving average price is $17.97.

Flywire (NASDAQ:FLYW) last announced its earnings results on Tuesday, February 25th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). Flywire had a return on equity of 2.49% and a net margin of 4.23%. The company had revenue of $112.80 million during the quarter, compared to analyst estimates of $118.85 million. Analysts forecast that Flywire Co. will post 0.14 earnings per share for the current year.

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.