Gavilan Investment Partners LLC Acquires 34,500 Shares of Guidewire Software, Inc. $GWRE

Gavilan Investment Partners LLC boosted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 30.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 149,500 shares of the technology company’s stock after acquiring an additional 34,500 shares during the period. Guidewire Software comprises about 6.0% of Gavilan Investment Partners LLC’s holdings, making the stock its 10th biggest holding. Gavilan Investment Partners LLC’s holdings in Guidewire Software were worth $22,359,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the stock. Advisors Asset Management Inc. acquired a new position in shares of Guidewire Software during the 1st quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Guidewire Software in the 3rd quarter worth about $29,000. Flagship Harbor Advisors LLC acquired a new stake in Guidewire Software in the 4th quarter worth about $36,000. Leonteq Securities AG purchased a new stake in Guidewire Software during the 1st quarter worth approximately $36,000. Finally, Bogart Wealth LLC increased its stake in Guidewire Software by 127.8% during the 1st quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock worth $37,000 after buying an additional 138 shares in the last quarter.

Wall Street Analyst Weigh In

GWRE has been the subject of several recent research reports. The Goldman Sachs Group reduced their price objective on Guidewire Software from $255.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, June 5th. BTIG Research reaffirmed a “buy” rating and set a $175.00 target price on shares of Guidewire Software in a report on Thursday, July 2nd. Guggenheim began coverage on shares of Guidewire Software in a research report on Thursday. They issued a “buy” rating and a $180.00 target price for the company. Oppenheimer decreased their price target on shares of Guidewire Software from $250.00 to $180.00 and set an “outperform” rating on the stock in a research note on Monday, May 18th. Finally, Zacks Research lowered shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $221.00.

Guidewire Software Stock Performance

NYSE GWRE opened at $131.33 on Friday. The stock has a fifty day simple moving average of $132.71 and a 200-day simple moving average of $141.71. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.51. The stock has a market cap of $10.93 billion, a PE ratio of 70.99 and a beta of 0.95. Guidewire Software, Inc. has a twelve month low of $102.30 and a twelve month high of $272.60.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The firm had revenue of $372.54 million during the quarter, compared to analysts’ expectations of $355.92 million. During the same quarter last year, the company posted $0.88 EPS. The firm’s quarterly revenue was up 26.9% on a year-over-year basis. Equities analysts anticipate that Guidewire Software, Inc. will post 1.83 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider James Winston King sold 1,684 shares of Guidewire Software stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $130.64, for a total value of $219,997.76. Following the completion of the transaction, the insider directly owned 30,018 shares in the company, valued at approximately $3,921,551.52. This trade represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael George Rosenbaum sold 1,200 shares of the business’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $138.47, for a total value of $166,164.00. Following the transaction, the chief executive officer directly owned 194,976 shares of the company’s stock, valued at $26,998,326.72. The trade was a 0.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 30,193 shares of company stock valued at $3,792,858. 0.46% of the stock is owned by company insiders.

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.