Guidewire Software, Inc. $GWRE Shares Acquired by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lifted its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 10.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,200 shares of the technology company’s stock after purchasing an additional 3,600 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Guidewire Software were worth $7,679,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Guidewire Software during the third quarter worth about $29,000. Advisors Asset Management Inc. acquired a new stake in shares of Guidewire Software during the first quarter worth about $25,000. Cornerstone Planning Group LLC increased its position in shares of Guidewire Software by 620.0% during the third quarter. Cornerstone Planning Group LLC now owns 144 shares of the technology company’s stock worth $34,000 after purchasing an additional 124 shares in the last quarter. Hazlett Burt & Watson Inc. acquired a new stake in shares of Guidewire Software during the third quarter worth about $35,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Guidewire Software during the fourth quarter worth about $36,000.

Insider Activity at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,200 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $138.51, for a total value of $166,212.00. Following the sale, the chief executive officer owned 209,206 shares of the company’s stock, valued at approximately $28,977,123.06. This represents a 0.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO David Franklin Peterson sold 273 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $163.86, for a total value of $44,733.78. Following the completion of the sale, the chief accounting officer directly owned 12,533 shares in the company, valued at approximately $2,053,657.38. The trade was a 2.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,479 shares of company stock worth $5,024,174 in the last three months. Corporate insiders own 0.46% of the company’s stock.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $171.98 on Tuesday. The business’s 50 day simple moving average is $140.20 and its 200-day simple moving average is $162.43. The firm has a market capitalization of $14.56 billion, a price-to-earnings ratio of 78.17 and a beta of 0.93. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.93 and a quick ratio of 2.93. Guidewire Software, Inc. has a 12 month low of $115.57 and a 12 month high of $272.60.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, March 5th. The technology company reported $1.17 EPS for the quarter, topping the consensus estimate of $0.77 by $0.40. The business had revenue of $359.10 million for the quarter, compared to analyst estimates of $342.88 million. Guidewire Software had a return on equity of 13.44% and a net margin of 14.11%.The company’s quarterly revenue was up 24.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 EPS. As a group, equities analysts forecast that Guidewire Software, Inc. will post 1.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GWRE shares. Wells Fargo & Company dropped their price target on Guidewire Software from $250.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Royal Bank Of Canada dropped their price target on Guidewire Software from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, March 6th. Stifel Nicolaus dropped their price target on Guidewire Software from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. Zacks Research cut Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Finally, BTIG Research boosted their price target on Guidewire Software from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Eleven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $244.46.

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.