Guidewire Software, Inc. $GWRE Position Boosted by GDS Wealth Management

GDS Wealth Management raised its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 12.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,360 shares of the technology company’s stock after acquiring an additional 5,157 shares during the period. GDS Wealth Management owned approximately 0.05% of Guidewire Software worth $10,656,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of GWRE. Y Intercept Hong Kong Ltd increased its holdings in shares of Guidewire Software by 59.6% during the third quarter. Y Intercept Hong Kong Ltd now owns 27,763 shares of the technology company’s stock valued at $6,382,000 after purchasing an additional 10,364 shares during the period. Resona Asset Management Co. Ltd. increased its stake in Guidewire Software by 3.3% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 3,801 shares of the technology company’s stock valued at $874,000 after buying an additional 123 shares during the period. Westfuller Advisors LLC bought a new stake in shares of Guidewire Software during the 3rd quarter worth about $76,000. Parkside Financial Bank & Trust raised its position in shares of Guidewire Software by 7.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 963 shares of the technology company’s stock worth $221,000 after buying an additional 67 shares in the last quarter. Finally, Strs Ohio raised its position in shares of Guidewire Software by 12.9% during the 3rd quarter. Strs Ohio now owns 54,002 shares of the technology company’s stock worth $12,413,000 after buying an additional 6,151 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GWRE. BTIG Research reiterated a “buy” rating and issued a $250.00 price objective on shares of Guidewire Software in a report on Wednesday, December 17th. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a research report on Thursday. Citigroup increased their price target on Guidewire Software from $242.00 to $245.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. Zacks Research downgraded Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Finally, Wall Street Zen lowered Guidewire Software from a “buy” rating to a “hold” rating in a report on Friday, November 28th. 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 stock. According to MarketBeat, Guidewire Software currently has a consensus rating of “Moderate Buy” and an average price target of $269.50.

Insider Activity at Guidewire Software

In related news, President John P. Mullen sold 7,975 shares of the firm’s 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 approximately $27,272,094.64. This trade represents a 5.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the chief accounting officer owned 12,806 shares of the company’s stock, valued at $2,459,776.48. This trade represents a 2.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 51,758 shares of company stock worth $10,427,033. 0.46% of the stock is currently owned by corporate insiders.

Guidewire Software Stock Up 2.1%

GWRE stock opened at $160.11 on Friday. The company has a 50 day moving average of $195.81 and a two-hundred day moving average of $217.92. The company has a market cap of $13.61 billion, a price-to-earnings ratio of 152.49, a PEG ratio of 10.43 and a beta of 1.08. Guidewire Software, Inc. has a 12-month low of $154.51 and a 12-month high of $272.60. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.44.

Guidewire Software (NYSE:GWRE) last posted 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. Guidewire Software had a net margin of 7.23% and a return on equity of 10.15%. The business had revenue of $332.64 million for the quarter, compared to the consensus estimate of $316.62 million. During the same period in the prior year, the business posted $0.43 earnings per share. Guidewire Software’s revenue for the quarter was up 26.5% compared to the same quarter last year. On average, equities analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Guidewire Software announced that its board has initiated a stock repurchase plan on Thursday, January 8th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the technology company to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

About Guidewire Software

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.