111 Capital Sells 5,343 Shares of Guidewire Software, Inc. $GWRE

111 Capital lessened its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 71.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,104 shares of the technology company’s stock after selling 5,343 shares during the quarter. 111 Capital’s holdings in Guidewire Software were worth $484,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Advisors Asset Management Inc. acquired a new position in Guidewire Software in the 1st quarter worth $25,000. Root Financial Partners LLC bought a new stake in Guidewire Software during the third quarter worth $29,000. Newbridge Financial Services Group Inc. bought a new stake in Guidewire Software in the second quarter valued at approximately $30,000. Westside Investment Management Inc. bought a new position in Guidewire Software during the second quarter worth $32,000. Finally, Cornerstone Planning Group LLC increased its holdings in shares of Guidewire Software by 620.0% in the third quarter. Cornerstone Planning Group LLC now owns 144 shares of the technology company’s stock valued at $34,000 after purchasing an additional 124 shares during the last quarter.

Insider Buying and Selling at Guidewire Software

In related news, insider James Winston King sold 1,860 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $195.00, for a total transaction of $362,700.00. Following the completion of the transaction, the insider directly owned 33,702 shares of the company’s stock, valued at $6,571,890. This trade represents a 5.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 2,872 shares of Guidewire Software stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $192.08, for a total value of $551,653.76. Following the transaction, the chief financial officer directly owned 74,201 shares in the company, valued at $14,252,528.08. The trade was a 3.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 42,760 shares of company stock worth $7,978,508 over the last ninety days. Insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Citizens Jmp restated a “market outperform” rating and set a $281.00 target price on shares of Guidewire Software in a research note on Wednesday, December 10th. 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 report on Friday, December 5th. DA Davidson upgraded Guidewire Software from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $246.00 to $250.00 in a report on Wednesday, December 17th. Zacks Research lowered Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Finally, Wall Street Zen cut shares of Guidewire Software from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Eleven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $255.92.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $152.55 on Wednesday. The firm has a 50 day simple moving average of $157.37 and a 200 day simple moving average of $201.86. Guidewire Software, Inc. has a one year low of $120.37 and a one year high of $272.60. The company has a market cap of $12.97 billion, a price-to-earnings ratio of 145.29, a PEG ratio of 9.60 and a beta of 1.06. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.48 and a quick ratio of 3.48.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Wednesday, December 3rd. The technology company reported $0.66 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.66. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The company had revenue of $332.64 million during the quarter, compared to the consensus estimate of $316.62 million. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The firm’s revenue was up 26.5% compared to the same quarter last year. Research analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Guidewire Software declared that its board has approved a share buyback program on Thursday, January 8th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors 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.