Y Intercept Hong Kong Ltd Buys 74,465 Shares of Flywire Co. (NASDAQ:FLYW)

Y Intercept Hong Kong Ltd boosted its holdings in shares of Flywire Co. (NASDAQ:FLYW) by 345.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,029 shares of the company’s stock after acquiring an additional 74,465 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Flywire were worth $1,980,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Advisors Asset Management Inc. lifted its holdings in Flywire by 15.4% during the third quarter. Advisors Asset Management Inc. now owns 4,046 shares of the company’s stock worth $66,000 after acquiring an additional 539 shares in the last quarter. Bullseye Asset Management LLC lifted its holdings in Flywire by 0.7% during the third quarter. Bullseye Asset Management LLC now owns 146,846 shares of the company’s stock worth $2,407,000 after acquiring an additional 1,000 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of 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 purchasing an additional 1,463 shares during the period. Global Retirement Partners LLC acquired a new stake in shares of Flywire in the 4th quarter valued at about $30,000. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Flywire by 0.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 224,775 shares of the company’s stock valued at $4,635,000 after purchasing an additional 1,531 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors.

Flywire Stock Up 1.8 %

NASDAQ:FLYW opened at $17.64 on Wednesday. The stock’s 50 day moving average price is $19.59 and its two-hundred day moving average price is $18.98. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 117.60, a P/E/G ratio of 1.41 and a beta of 1.08. Flywire Co. has a 12-month low of $15.19 and a 12-month high of $31.54.

Flywire (NASDAQ:FLYW) last released its quarterly earnings data on Tuesday, February 25th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The business had revenue of $112.80 million during the quarter, compared to the consensus estimate of $118.85 million. Flywire had a net margin of 4.23% and a return on equity of 2.49%. Equities research analysts expect that Flywire Co. will post 0.14 EPS for the current year.

Analysts Set New Price Targets

FLYW has been the topic of a number of research reports. Seaport Res Ptn lowered Flywire from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Raymond James boosted their price target on Flywire from $23.00 to $27.00 and gave the company a “strong-buy” rating in a report on Friday, November 8th. Royal Bank of Canada restated an “outperform” rating and issued a $25.00 price target on shares of Flywire in a report on Thursday, January 9th. Citigroup cut their price target on Flywire from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Morgan Stanley boosted their price target on Flywire from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Flywire has an average rating of “Moderate Buy” and an average target price of $25.38.

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.