Bridgefront Capital LLC Buys 7,280 Shares of Guidewire Software, Inc. $GWRE

Bridgefront Capital LLC increased its position in Guidewire Software, Inc. (NYSE:GWRE) by 172.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,501 shares of the technology company’s stock after acquiring an additional 7,280 shares during the period. Guidewire Software makes up 0.8% of Bridgefront Capital LLC’s portfolio, making the stock its 4th biggest position. Bridgefront Capital LLC’s holdings in Guidewire Software were worth $2,644,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Root Financial Partners LLC bought a new position in Guidewire Software in the 3rd quarter worth about $29,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Guidewire Software in the second quarter valued at approximately $30,000. Advisors Asset Management Inc. bought a new stake in shares of Guidewire Software during the first quarter valued at approximately $25,000. Cornerstone Planning Group LLC raised its holdings 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 valued at $34,000 after buying an additional 124 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. acquired a new position in shares of Guidewire Software during the third quarter worth approximately $35,000.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on GWRE shares. Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a report on Thursday, January 22nd. Oppenheimer reduced their price target on Guidewire Software from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. BTIG Research raised their price target on Guidewire Software from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, March 6th. Stifel Nicolaus cut their price objective on shares of Guidewire Software from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. Finally, Royal Bank Of Canada reduced their price objective on shares of Guidewire Software from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, March 6th. Eleven research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $249.85.

Insider Transactions at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 7,975 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $192.08, for a total value of $1,531,838.00. Following the completion of the sale, the president directly owned 141,983 shares of the company’s stock, valued at approximately $27,272,094.64. This represents a 5.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 4,757 shares of the firm’s 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 transaction, the chief financial officer owned 67,996 shares of the company’s stock, valued at approximately $10,792,325.12. This trade represents a 6.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 47,317 shares of company stock valued at $8,637,929 in the last three months. 0.46% of the stock is currently owned by insiders.

Guidewire Software Stock Performance

GWRE opened at $160.56 on Friday. The business has a 50 day moving average price of $150.75 and a two-hundred day moving average price of $198.96. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.93 and a quick ratio of 3.48. The company has a market capitalization of $13.59 billion, a price-to-earnings ratio of 72.98, a price-to-earnings-growth ratio of 10.35 and a beta of 1.06. Guidewire Software, Inc. has a 1-year low of $120.37 and a 1-year high of $272.60.

Guidewire Software (NYSE:GWRE) last issued 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 company had revenue of $359.10 million for the quarter, compared to analysts’ expectations of $342.88 million. During the same period last year, the firm earned $0.51 EPS. The firm’s revenue for the quarter was up 24.0% on a year-over-year basis. Research analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Guidewire Software announced that its Board of Directors has authorized a share buyback program on Thursday, January 8th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the technology company to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Guidewire Software Company 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.