Csenge Advisory Group Purchases New Stake in Guidewire Software, Inc. $GWRE

Csenge Advisory Group acquired a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,951 shares of the technology company’s stock, valued at approximately $908,000.

Other large investors have also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. acquired a new stake in shares of Guidewire Software in the 2nd quarter worth about $30,000. Advisors Asset Management Inc. bought a new stake in Guidewire Software during the 1st quarter worth approximately $25,000. Westside Investment Management Inc. purchased a new stake in shares of Guidewire Software in the second quarter worth approximately $32,000. Spire Wealth Management raised its stake in shares of Guidewire Software by 135.1% in the third quarter. Spire Wealth Management now owns 174 shares of the technology company’s stock worth $40,000 after purchasing an additional 100 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Guidewire Software in the second quarter valued at approximately $42,000.

Guidewire Software Trading Down 4.0%

Shares of GWRE stock opened at $159.46 on Monday. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.44. The firm has a market cap of $13.56 billion, a P/E ratio of 151.87, a PEG ratio of 10.36 and a beta of 1.08. The company has a 50 day moving average of $201.96 and a 200-day moving average of $220.39. Guidewire Software, Inc. has a 12-month low of $158.80 and a 12-month high of $272.60.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Wednesday, December 3rd. The technology company reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. The business had revenue of $332.64 million during 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%.Guidewire Software’s revenue was up 26.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 earnings per share. Sell-side analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Guidewire Software declared that its Board of Directors has authorized a stock buyback plan on Thursday, January 8th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Guidewire Software

In related news, CFO Jeffrey Elliott Cooper sold 216 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $180.87, for a total value of $39,067.92. Following the completion of the transaction, the chief financial officer directly owned 72,753 shares of the company’s stock, valued at approximately $13,158,835.11. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO David Franklin Peterson sold 358 shares of Guidewire Software 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 $68,764.64. Following the completion of the transaction, the chief accounting officer owned 12,806 shares of the company’s stock, valued at $2,459,776.48. This represents a 2.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 50,558 shares of company stock valued at $10,239,521. Insiders own 0.46% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GWRE. BTIG Research reiterated a “buy” rating and set a $250.00 price target on shares of Guidewire Software in a report on Wednesday, December 17th. DA Davidson upgraded shares of Guidewire Software from a “neutral” rating to a “buy” rating and upped their target price for the stock from $246.00 to $250.00 in a research note on Wednesday, December 17th. Zacks Research downgraded shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Citizens Jmp restated a “market outperform” rating and set a $281.00 price target on shares of Guidewire Software in a report on Wednesday, December 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $269.50.

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.