American Century Companies Inc. Acquires Shares of 30,626 Flywire Co. (NASDAQ:FLYW)

American Century Companies Inc. purchased a new position in shares of Flywire Co. (NASDAQ:FLYW - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 30,626 shares of the company's stock, valued at approximately $632,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FLYW. Arizona State Retirement System lifted its stake in shares of Flywire by 1.6% in the 4th quarter. Arizona State Retirement System now owns 32,215 shares of the company's stock valued at $664,000 after purchasing an additional 513 shares during the period. Captrust Financial Advisors increased its holdings in Flywire by 12.3% in the third 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 last quarter. Global Retirement Partners LLC acquired a new position in Flywire in the fourth quarter valued at about $30,000. Harbor Capital Advisors Inc. boosted its holdings in Flywire by 0.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 224,775 shares of the company's stock worth $4,635,000 after buying an additional 1,531 shares during the last quarter. Finally, KBC Group NV grew its position in shares of Flywire by 64.0% during the 4th quarter. KBC Group NV now owns 4,899 shares of the company's stock worth $101,000 after buying an additional 1,911 shares during the period. 95.90% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Flywire news, General Counsel Peter Butterfield sold 5,523 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $10.08, for a total transaction of $55,671.84. Following the transaction, the general counsel now owns 247,561 shares of the company's stock, valued at $2,495,414.88. The trade was a 2.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gretchen Howard acquired 8,889 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was acquired at an average cost 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 of the company's stock, valued at approximately $336,623.80. The trade was a 40.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.90% of the stock is owned by corporate insiders.

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Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Raymond James lowered shares of Flywire from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the stock from $29.00 to $17.00 in a research note on Wednesday, February 26th. Royal Bank of Canada reduced their price target on shares of Flywire from $25.00 to $20.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft cut shares of Flywire from a "buy" rating to a "hold" rating and lowered their price objective for the company from $26.00 to $16.00 in a research report on Wednesday, February 26th. The Goldman Sachs Group reduced their target price on Flywire from $15.00 to $11.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Finally, Wells Fargo & Company lowered their price target on Flywire from $20.00 to $16.00 and set an "equal weight" rating for the company in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Flywire presently has an average rating of "Hold" and an average price target of $17.00.

Flywire Trading Down 0.5 %

Shares of Flywire stock traded down $0.04 during trading hours on Tuesday, reaching $8.61. 1,566,479 shares of the company's stock were exchanged, compared to its average volume of 1,670,962. The stock has a market cap of $1.06 billion, a P/E ratio of 57.40, a P/E/G ratio of 1.41 and a beta of 1.22. The company has a 50 day moving average of $12.52 and a two-hundred day moving average of $17.08. Flywire Co. has a fifty-two week low of $8.20 and a fifty-two week high of $23.40.

Flywire (NASDAQ:FLYW - Get Free Report) last posted its quarterly 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 net margin of 4.23% and a return on equity of 2.49%. The company had revenue of $112.80 million during the quarter, compared to the consensus estimate of $118.85 million. As a group, analysts expect that Flywire Co. will post 0.14 earnings per share for the current fiscal 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.