Guidewire Software, Inc. $GWRE Holdings Lifted by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 31.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,280 shares of the technology company’s stock after buying an additional 7,425 shares during the period. Intech Investment Management LLC’s holdings in Guidewire Software were worth $7,190,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Guidewire Software by 57.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 51,694 shares of the technology company’s stock valued at $11,735,000 after purchasing an additional 18,774 shares during the last quarter. Scalar Gauge Management LLC acquired a new position in Guidewire Software during the third quarter worth $5,287,000. Allspring Global Investments Holdings LLC bought a new position in Guidewire Software during the third quarter valued at about $51,967,000. Y Intercept Hong Kong Ltd lifted its position in shares of Guidewire Software by 59.6% in the third quarter. Y Intercept Hong Kong Ltd now owns 27,763 shares of the technology company’s stock worth $6,382,000 after buying an additional 10,364 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Guidewire Software by 12.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 150,957 shares of the technology company’s stock worth $34,699,000 after acquiring an additional 17,151 shares in the last quarter.

Wall Street Analyst Weigh In

GWRE has been the topic of a number of recent analyst reports. DA Davidson raised Guidewire Software from a “neutral” rating to a “buy” rating and raised their price objective for the company from $246.00 to $250.00 in a research note on Wednesday, December 17th. BTIG Research dropped their price target on shares of Guidewire Software from $225.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Zacks Research downgraded shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Citizens Jmp reiterated a “market outperform” rating and issued a $281.00 target price on shares of Guidewire Software in a research note on Wednesday, December 10th. Finally, Wall Street Zen lowered shares of Guidewire Software from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Eleven investment 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. According to MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average target price of $255.92.

Guidewire Software Trading Up 1.0%

Shares of Guidewire Software stock opened at $145.53 on Friday. Guidewire Software, Inc. has a 1 year low of $120.37 and a 1 year high of $272.60. The company’s fifty day simple moving average is $159.60 and its 200-day simple moving average is $202.78. The company has a market cap of $12.37 billion, a price-to-earnings ratio of 138.60, a PEG ratio of 9.29 and a beta of 1.06. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.44.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.66. Guidewire Software had a net margin of 7.23% and a return on equity of 10.15%. The firm had revenue of $332.64 million during the quarter, compared to the consensus estimate of $316.62 million. During the same period in the prior year, the firm earned $0.43 EPS. The business’s revenue was up 26.5% on a year-over-year basis. As a group, sell-side analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current year.

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

Insider Buying and Selling

In related news, CEO Michael George Rosenbaum sold 1,200 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $125.50, for a total transaction of $150,600.00. Following the transaction, the chief executive officer directly owned 229,543 shares in the company, valued at $28,807,646.50. The trade was a 0.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider James Winston King sold 1,860 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $195.00, for a total value of $362,700.00. Following the completion of the transaction, the insider directly owned 33,702 shares of the company’s stock, valued at approximately $6,571,890. This trade represents a 5.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 47,160 shares of company stock valued at $8,917,644 over the last three months. 0.46% of the stock is owned by corporate 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.