Quantbot Technologies LP Has $488,000 Stock Holdings in Guidewire Software, Inc. $GWRE

Quantbot Technologies LP trimmed its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 65.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,121 shares of the technology company’s stock after selling 4,032 shares during the period. Quantbot Technologies LP’s holdings in Guidewire Software were worth $488,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Guidewire Software by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 9,039,377 shares of the technology company’s stock valued at $2,077,791,000 after purchasing an additional 116,726 shares during the last quarter. Geode Capital Management LLC increased its position in Guidewire Software by 5.6% during the second quarter. Geode Capital Management LLC now owns 1,578,442 shares of the technology company’s stock worth $372,105,000 after buying an additional 84,152 shares during the last quarter. AQR Capital Management LLC increased its position in Guidewire Software by 6.8% during the second quarter. AQR Capital Management LLC now owns 1,069,464 shares of the technology company’s stock worth $251,677,000 after buying an additional 67,851 shares during the last quarter. Groupama Asset Managment raised its holdings in Guidewire Software by 240.0% during the second quarter. Groupama Asset Managment now owns 850,000 shares of the technology company’s stock valued at $200,132,000 after buying an additional 600,000 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in Guidewire Software by 4.7% during the second quarter. Franklin Resources Inc. now owns 780,532 shares of the technology company’s stock valued at $183,776,000 after buying an additional 35,394 shares in the last quarter.

Insider Activity at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 1,200 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $166.34, for a total value of $199,608.00. Following the sale, the chief executive officer owned 227,143 shares in the company, valued at approximately $37,782,966.62. This trade represents a 0.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 216 shares of the company’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $180.87, for a total transaction of $39,067.92. Following the transaction, the chief financial officer owned 72,753 shares of the company’s stock, valued at approximately $13,158,835.11. The trade was a 0.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 42,560 shares of company stock valued at $7,882,898 over the last three months. 0.46% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GWRE. Zacks Research cut Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Wells Fargo & Company cut their price objective on Guidewire Software from $250.00 to $210.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Oppenheimer reduced their target price on Guidewire Software from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Stifel Nicolaus decreased their target price on Guidewire Software from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Friday. Finally, Royal Bank Of Canada lowered their price target on Guidewire Software from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday. Eleven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $250.15.

Guidewire Software Trading Down 3.2%

Shares of NYSE:GWRE opened at $163.48 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.48 and a current ratio of 2.93. The stock’s 50-day moving average is $153.90 and its 200-day moving average is $200.38. The company has a market cap of $13.90 billion, a P/E ratio of 74.31, a P/E/G ratio of 10.88 and a beta of 1.05. Guidewire Software, Inc. has a 52-week low of $120.37 and a 52-week high of $272.60.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, March 5th. The technology company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.40. Guidewire Software had a return on equity of 13.44% and a net margin of 14.11%.The business had revenue of $359.10 million during the quarter, compared to analysts’ expectations of $342.88 million. During the same quarter in the previous year, the firm earned $0.51 EPS. The firm’s revenue was up 24.0% compared to the same quarter last year. Equities research analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Guidewire Software announced that its board 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 reacquire up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Guidewire Software 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.