Guidewire Software, Inc. $GWRE Shares Sold by Aquatic Capital Management LLC

Aquatic Capital Management LLC decreased its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 45.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,381 shares of the technology company’s stock after selling 34,318 shares during the period. Aquatic Capital Management LLC’s holdings in Guidewire Software were worth $9,512,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in shares of Guidewire Software during the third quarter valued at about $29,000. Newbridge Financial Services Group Inc. purchased a new position in Guidewire Software in the second quarter valued at about $30,000. Advisors Asset Management Inc. acquired a new stake in Guidewire Software during the 1st quarter valued at approximately $25,000. Cornerstone Planning Group LLC grew its stake in Guidewire Software by 620.0% during the 3rd 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 in the last quarter. Finally, Hazlett Burt & Watson Inc. purchased a new stake in Guidewire Software during the 3rd quarter worth approximately $35,000.

Insider Buying and Selling at Guidewire Software

In related news, CFO Jeffrey Elliott Cooper sold 4,757 shares of the stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $158.72, for a total transaction of $755,031.04. Following the sale, the chief financial officer owned 67,996 shares in the company, valued at $10,792,325.12. This represents a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 227,143 shares of the company’s stock, valued at approximately $37,782,966.62. The trade was a 0.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 45,917 shares of company stock valued at $8,351,853. 0.46% of the stock is owned by insiders.

Guidewire Software Price Performance

Shares of GWRE opened at $160.56 on Monday. Guidewire Software, Inc. has a 52 week low of $120.37 and a 52 week high of $272.60. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 0.45. The firm has a market cap of $13.59 billion, a price-to-earnings ratio of 72.98, a PEG ratio of 7.28 and a beta of 1.05. The stock has a 50 day moving average of $150.75 and a 200-day moving average of $198.84.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Thursday, March 5th. The technology company reported $1.17 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $342.88 million. During the same period in the prior year, the company posted $0.51 EPS. The business’s revenue was up 24.0% compared to the same quarter last year. As a group, analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current year.

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

Analyst Ratings Changes

GWRE has been the topic of a number of recent analyst reports. Citigroup upped their target price on Guidewire Software from $242.00 to $245.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Royal Bank Of Canada dropped their price target on shares of Guidewire Software from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, March 6th. Wells Fargo & Company cut their price target on shares of Guidewire Software from $250.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a research note on Thursday, January 22nd. Finally, Wall Street Zen lowered shares of Guidewire Software from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Eleven investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Guidewire Software currently has an average rating of “Moderate Buy” and an average target price of $249.85.

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.