Sculptor Capital LP Grows Stock Position in Guidewire Software, Inc. $GWRE

Sculptor Capital LP increased its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 33.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 510,000 shares of the technology company’s stock after buying an additional 128,000 shares during the quarter. Guidewire Software comprises approximately 1.1% of Sculptor Capital LP’s portfolio, making the stock its 20th largest position. Sculptor Capital LP’s holdings in Guidewire Software were worth $102,515,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC purchased a new stake in shares of Guidewire Software during the 3rd quarter valued at approximately $29,000. Advisors Asset Management Inc. purchased a new stake in shares of Guidewire Software during the 1st quarter valued at approximately $25,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Guidewire Software during the 4th quarter valued at approximately $36,000. Harbour Investments Inc. raised its position in shares of Guidewire Software by 83.0% during the 4th quarter. Harbour Investments Inc. now owns 247 shares of the technology company’s stock valued at $50,000 after buying an additional 112 shares during the period. Finally, Clearstead Advisors LLC raised its position in shares of Guidewire Software by 82.4% during the 3rd quarter. Clearstead Advisors LLC now owns 270 shares of the technology company’s stock valued at $62,000 after buying an additional 122 shares during the period.

Insider Transactions at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $135.62, for a total value of $162,744.00. Following the sale, the chief executive officer owned 206,806 shares of the company’s stock, valued at $28,047,029.72. The trade was a 0.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 13,200 shares of company stock valued at $1,851,408 over the last 90 days. 0.46% of the stock is owned by insiders.

Guidewire Software Stock Down 2.1%

Shares of NYSE GWRE opened at $120.03 on Tuesday. The firm has a market cap of $9.99 billion, a price-to-earnings ratio of 64.88 and a beta of 0.93. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. Guidewire Software, Inc. has a 52-week low of $113.67 and a 52-week high of $272.60. The business’s 50 day moving average is $136.87 and its two-hundred day moving average is $156.66.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. The company had revenue of $372.54 million for the quarter, compared to analyst estimates of $355.92 million. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The firm’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.88 earnings per share. Research analysts predict that Guidewire Software, Inc. will post 1.83 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Citizens Jmp reduced their price target on shares of Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating on the stock in a research report on Friday, June 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, June 3rd. DA Davidson reduced their price target on shares of Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, June 8th. Wells Fargo & Company reduced their price target on shares of Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Friday, June 5th. Finally, BTIG Research reissued a “buy” rating and issued a $200.00 target price on shares of Guidewire Software in a research report on Tuesday, June 2nd. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $229.00.

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.