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

Franklin Resources Inc. reduced its stake in shares of Flywire Co. (NASDAQ:FLYW) by 2.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,944,361 shares of the company’s stock after selling 52,082 shares during the quarter. Franklin Resources Inc.’s holdings in Flywire were worth $32,024,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its stake in shares of Flywire by 15.4% during the 3rd 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. Arizona State Retirement System raised its holdings in Flywire by 3.1% in the 2nd quarter. Arizona State Retirement System now owns 30,475 shares of the company’s stock worth $499,000 after purchasing an additional 908 shares during the period. Bullseye Asset Management LLC boosted its position 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 purchasing an additional 1,000 shares in the last quarter. Truist Financial Corp grew its holdings in Flywire by 6.2% in the second quarter. Truist Financial Corp now owns 19,434 shares of the company’s stock valued at $319,000 after purchasing an additional 1,128 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Flywire by 7.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 21,295 shares of the company’s stock valued at $349,000 after buying an additional 1,411 shares in the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FLYW has been the topic of a number of recent analyst reports. B. Riley reiterated a “buy” rating and set a $30.00 target price on shares of Flywire in a research report on Wednesday, October 2nd. The Goldman Sachs Group increased their price objective on shares of Flywire from $22.00 to $27.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Morgan Stanley lifted their target price on shares of Flywire from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Flywire from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Finally, Raymond James lifted their price objective on Flywire from $23.00 to $27.00 and gave the stock a “strong-buy” rating in a report on Friday, November 8th. Four 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.29.

Flywire Stock Performance

NASDAQ:FLYW opened at $20.71 on Thursday. Flywire Co. has a one year low of $15.19 and a one year high of $31.54. The stock has a market cap of $2.58 billion, a PE ratio of 138.07, a P/E/G ratio of 3.10 and a beta of 1.08. The stock has a 50 day moving average price of $19.98 and a 200 day moving average price of $18.13.

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.