Guidewire Software, Inc. $GWRE Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 176.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,215 shares of the technology company’s stock after buying an additional 7,154 shares during the quarter. Pacer Advisors Inc.’s holdings in Guidewire Software were worth $2,578,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vontobel Holding Ltd. purchased a new stake in Guidewire Software in the 3rd quarter worth approximately $237,000. Net Worth Advisory Group acquired a new stake in shares of Guidewire Software during the third quarter worth $334,000. Westwind Capital grew its position in shares of Guidewire Software by 0.5% in the third quarter. Westwind Capital now owns 78,847 shares of the technology company’s stock valued at $18,123,000 after purchasing an additional 417 shares during the period. Farther Finance Advisors LLC increased its stake in Guidewire Software by 291.1% in the third quarter. Farther Finance Advisors LLC now owns 1,748 shares of the technology company’s stock valued at $402,000 after purchasing an additional 1,301 shares during the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in Guidewire Software during the third quarter worth about $712,000.

Guidewire Software Price Performance

Guidewire Software stock opened at $202.39 on Wednesday. The firm has a fifty day moving average of $215.95 and a 200-day moving average of $225.56. Guidewire Software, Inc. has a 52-week low of $165.08 and a 52-week high of $272.60. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $17.21 billion, a P/E ratio of 192.75, a PEG ratio of 13.27 and a beta of 1.08.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share for the quarter, hitting 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 analysts’ expectations of $316.62 million. During the same period in the prior year, the company earned $0.43 EPS. The firm’s revenue was up 26.5% on a year-over-year basis. As a group, analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GWRE shares. Zacks Research downgraded shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Royal Bank Of Canada upped their price target on shares of Guidewire Software from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. BTIG Research reaffirmed a “buy” rating and set a $250.00 price target on shares of Guidewire Software in a research note on Wednesday, December 17th. Citigroup boosted their price objective on shares of Guidewire Software from $242.00 to $245.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. Finally, DA Davidson raised Guidewire Software from a “neutral” rating to a “buy” rating and increased their target price for the stock from $246.00 to $250.00 in a research report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $271.29.

Insider Buying and Selling at Guidewire Software

In related news, insider James Winston King sold 1,860 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $195.00, for a total transaction of $362,700.00. Following the transaction, the insider directly owned 33,702 shares of the company’s stock, valued at approximately $6,571,890. The trade was a 5.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO David Franklin Peterson sold 358 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $192.08, for a total value of $68,764.64. Following the completion of the transaction, the chief accounting officer owned 12,806 shares of the company’s stock, valued at approximately $2,459,776.48. This represents a 2.72% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 54,140 shares of company stock worth $11,181,164. Insiders own 0.46% of the company’s stock.

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.