Flywire Co. (NASDAQ:FLYW) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lowered its stake in shares of Flywire Co. (NASDAQ:FLYW - Free Report) by 2.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,944,361 shares of the company's stock after selling 52,082 shares during the period. Franklin Resources Inc. owned approximately 1.56% of Flywire worth $32,024,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. William Blair Investment Management LLC increased its stake in Flywire by 125.1% in the 2nd quarter. William Blair Investment Management LLC now owns 11,731,790 shares of the company's stock worth $192,284,000 after buying an additional 6,519,598 shares in the last quarter. FMR LLC lifted its position in Flywire by 3.6% during the third quarter. FMR LLC now owns 9,408,098 shares of the company's stock valued at $154,199,000 after purchasing an additional 326,120 shares during the last quarter. Westfield Capital Management Co. LP raised its position in Flywire by 19.3% during the third quarter. Westfield Capital Management Co. LP now owns 6,226,912 shares of the company's stock valued at $102,059,000 after purchasing an additional 1,006,516 shares during the period. State Street Corp lifted its holdings in shares of Flywire by 5.2% in the 3rd quarter. State Street Corp now owns 2,930,906 shares of the company's stock worth $48,038,000 after acquiring an additional 145,894 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Flywire by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,799,486 shares of the company's stock valued at $45,892,000 after purchasing an additional 17,062 shares during the last quarter. 95.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FLYW has been the subject of several analyst reports. B. Riley reissued a "buy" rating and issued a $30.00 price objective on shares of Flywire in a research note on Wednesday, October 2nd. Morgan Stanley increased their target price on Flywire from $20.00 to $21.00 and gave the stock an "equal weight" rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Flywire from $23.00 to $26.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. The Goldman Sachs Group raised their price target on shares of Flywire from $22.00 to $27.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. Finally, Wells Fargo & Company downgraded shares of Flywire from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $20.00 to $18.00 in a research note on Friday, October 11th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $25.29.

Flywire Price Performance

FLYW stock traded down $0.24 during midday trading on Thursday, hitting $20.47. The stock had a trading volume of 1,113,296 shares, compared to its average volume of 1,407,990. Flywire Co. has a 12-month low of $15.19 and a 12-month high of $31.54. The company's 50-day moving average price is $20.06 and its 200 day moving average price is $18.15. The firm has a market cap of $2.55 billion, a PE ratio of 136.47, a price-to-earnings-growth ratio of 3.10 and a beta of 1.08.

About Flywire

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.