Westfield Capital Management Co. LP Has $102.06 Million Stock Holdings in Flywire Co. (NASDAQ:FLYW)

Westfield Capital Management Co. LP increased its stake in Flywire Co. (NASDAQ:FLYW - Free Report) by 19.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,226,912 shares of the company's stock after purchasing an additional 1,006,516 shares during the period. Westfield Capital Management Co. LP owned 4.97% of Flywire worth $102,059,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quarry LP bought a new stake in Flywire in the second quarter valued at $26,000. Headlands Technologies LLC increased its holdings in shares of Flywire by 82.3% in the 2nd quarter. Headlands Technologies LLC now owns 3,343 shares of the company's stock worth $55,000 after acquiring an additional 1,509 shares during the period. Daiwa Securities Group Inc. bought a new stake in Flywire in the 2nd quarter valued at about $64,000. Advisors Asset Management Inc. boosted its stake in Flywire by 15.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 4,046 shares of the company's stock valued at $66,000 after purchasing an additional 539 shares during the period. Finally, SG Americas Securities LLC bought a new position in Flywire in the 3rd quarter worth about $149,000. Institutional investors and hedge funds own 95.90% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Morgan Stanley lifted 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. JPMorgan Chase & Co. boosted their price target on Flywire from $18.00 to $21.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 20th. Royal Bank of Canada lowered their price target on Flywire from $34.00 to $25.00 and set an "outperform" rating on the stock in a report on Wednesday, August 7th. B. Riley reaffirmed a "buy" rating and issued a $30.00 price objective on shares of Flywire in a report on Wednesday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Flywire from $25.00 to $22.00 and set a "buy" rating on the stock in a research note on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $24.86.

Flywire Stock Down 0.0 %

NASDAQ:FLYW traded down $0.01 during trading hours on Friday, reaching $22.92. 1,033,718 shares of the company's stock were exchanged, compared to its average volume of 1,598,773. The company has a market capitalization of $2.85 billion, a P/E ratio of 152.80, a price-to-earnings-growth ratio of 4.42 and a beta of 0.95. Flywire Co. has a 12 month low of $15.19 and a 12 month high of $31.54. The business's 50-day simple moving average is $18.12 and its two-hundred day simple moving average is $17.59.

Insider Transactions at Flywire

In related news, General Counsel Peter Butterfield sold 1,769 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $18.04, for a total value of $31,912.76. Following the completion of the sale, the general counsel now owns 273,517 shares in the company, valued at approximately $4,934,246.68. This represents a 0.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Massaro sold 8,629 shares of Flywire stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $18.04, for a total transaction of $155,667.16. Following the transaction, the chief executive officer now owns 1,739,351 shares in the company, valued at approximately $31,377,892.04. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,966 shares of company stock valued at $480,143 in the last three months. 3.90% of the stock is currently owned by corporate insiders.

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.