Cwm LLC Grows Stock Holdings in Guidewire Software, Inc. $GWRE

Cwm LLC raised its stake in Guidewire Software, Inc. (NYSE:GWRE) by 43.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,772 shares of the technology company’s stock after buying an additional 9,670 shares during the period. Cwm LLC’s holdings in Guidewire Software were worth $7,303,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rafferty Asset Management LLC purchased a new position in Guidewire Software in the 1st quarter valued at approximately $268,000. Canada Pension Plan Investment Board grew its holdings in Guidewire Software by 121.9% in the first quarter. Canada Pension Plan Investment Board now owns 23,300 shares of the technology company’s stock valued at $4,365,000 after purchasing an additional 12,800 shares during the last quarter. Evergreen Capital Management LLC increased its position in shares of Guidewire Software by 24.3% in the first quarter. Evergreen Capital Management LLC now owns 1,728 shares of the technology company’s stock valued at $324,000 after buying an additional 338 shares in the last quarter. Vident Advisory LLC raised its stake in shares of Guidewire Software by 24.4% during the 1st quarter. Vident Advisory LLC now owns 3,093 shares of the technology company’s stock worth $580,000 after buying an additional 607 shares during the last quarter. Finally, Twin Tree Management LP boosted its position in shares of Guidewire Software by 970.3% in the 1st quarter. Twin Tree Management LP now owns 18,088 shares of the technology company’s stock worth $3,389,000 after buying an additional 16,398 shares in the last quarter.

Guidewire Software Stock Down 0.9%

GWRE stock opened at $203.68 on Tuesday. The company has a 50 day moving average price of $216.98 and a two-hundred day moving average price of $225.92. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.48 and a current ratio of 3.48. The stock has a market capitalization of $17.32 billion, a P/E ratio of 193.98, a PEG ratio of 13.46 and a beta of 1.08. Guidewire Software, Inc. has a one year low of $165.08 and a one year high of $272.60.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.66. The company had revenue of $332.64 million for the quarter, compared to analyst estimates of $316.62 million. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The business’s revenue for the quarter was up 26.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.43 EPS. As a group, sell-side analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on GWRE shares. DA Davidson upgraded shares of Guidewire Software from a “neutral” rating to a “buy” rating and raised their target price for the company from $246.00 to $250.00 in a report on Wednesday, December 17th. Citigroup raised their price objective on shares of Guidewire Software from $242.00 to $245.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. BTIG Research reaffirmed a “buy” rating and issued a $250.00 target price on shares of Guidewire Software in a research note on Wednesday, December 17th. Oppenheimer increased their target price on Guidewire Software from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, September 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $271.29.

Insider Buying and Selling

In other Guidewire Software news, President John P. Mullen sold 7,975 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $192.08, for a total transaction of $1,531,838.00. Following the transaction, the president owned 141,983 shares of the company’s stock, valued at $27,272,094.64. This trade represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider James Winston King sold 1,860 shares of Guidewire Software stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $195.00, for a total transaction of $362,700.00. Following the completion of the transaction, the insider owned 33,702 shares in the company, valued at approximately $6,571,890. This trade represents a 5.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 57,140 shares of company stock worth $11,873,354 over the last ninety days. Insiders own 0.46% of the company’s stock.

Guidewire Software Company Profile

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.