Flywire Co. (NASDAQ:FLYW) Shares Acquired by State Street Corp

State Street Corp lifted its position in shares of Flywire Co. (NASDAQ:FLYW - Free Report) by 5.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,930,906 shares of the company's stock after acquiring an additional 145,894 shares during the quarter. State Street Corp owned 2.34% of Flywire worth $48,038,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP purchased a new position in Flywire during the 2nd quarter valued at about $26,000. Headlands Technologies LLC grew its position in shares of Flywire by 82.3% in the second quarter. Headlands Technologies LLC now owns 3,343 shares of the company's stock valued at $55,000 after purchasing an additional 1,509 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of Flywire during the 2nd quarter worth approximately $64,000. Advisors Asset Management Inc. lifted its stake in Flywire by 15.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 4,046 shares of the company's stock valued at $66,000 after buying an additional 539 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Flywire during the 3rd quarter valued at $149,000. Institutional investors and hedge funds own 95.90% of the company's stock.

Flywire Trading Down 1.7 %

FLYW traded down $0.34 during trading on Friday, hitting $20.13. 2,218,874 shares of the company's stock were exchanged, compared to its average volume of 1,411,286. Flywire Co. has a 1 year low of $15.19 and a 1 year high of $31.54. The stock has a 50 day moving average price of $20.06 and a 200 day moving average price of $18.15. The firm has a market cap of $2.50 billion, a P/E ratio of 134.20, a price-to-earnings-growth ratio of 3.10 and a beta of 1.08.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FLYW. Morgan Stanley upped their price objective on Flywire from $20.00 to $21.00 and gave the company an "equal weight" rating in a research report on Monday, November 11th. Raymond James increased their price target on Flywire from $23.00 to $27.00 and gave the stock a "strong-buy" rating in a research note on Friday, November 8th. The Goldman Sachs Group lifted their price objective on Flywire from $22.00 to $27.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft increased their target price on Flywire from $23.00 to $26.00 and gave the stock a "buy" rating in a research report on Monday, December 2nd. Finally, B. Riley reiterated a "buy" rating and set a $30.00 price objective on shares of Flywire in a report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.29.

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.