Sculptor Capital LP Makes New Investment in Guidewire Software, Inc. $GWRE

Sculptor Capital LP acquired a new stake in Guidewire Software, Inc. (NYSE:GWRE) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 446,500 shares of the technology company’s stock, valued at approximately $54,942,000.

Several other hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. bought a new position in shares of Guidewire Software in the first quarter valued at approximately $25,000. Amundi lifted its holdings in Guidewire Software by 703.0% during the second quarter. Amundi now owns 36,093 shares of the technology company’s stock worth $8,220,000 after acquiring an additional 31,598 shares during the period. Jump Financial LLC purchased a new position in Guidewire Software in the second quarter worth $305,000. Bank of Nova Scotia boosted its position in Guidewire Software by 30.9% in the second quarter. Bank of Nova Scotia now owns 2,024 shares of the technology company’s stock worth $477,000 after purchasing an additional 478 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in Guidewire Software by 30.6% in the second quarter. NewEdge Advisors LLC now owns 4,911 shares of the technology company’s stock worth $1,156,000 after purchasing an additional 1,152 shares during the last quarter.

Guidewire Software Price Performance

Shares of NYSE GWRE opened at $188.77 on Wednesday. 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 fifty day simple moving average of $147.47 and a two-hundred day simple moving average of $142.73. Guidewire Software, Inc. has a 1-year low of $102.30 and a 1-year high of $272.60. The firm has a market cap of $15.72 billion, a price-to-earnings ratio of 102.04 and a beta of 0.92.

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

Insider Buying and Selling

In related news, insider James Winston King sold 1,684 shares of the business’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $130.64, for a total value of $219,997.76. Following the sale, the insider directly owned 30,018 shares in the company, valued at approximately $3,921,551.52. The trade was a 5.31% decrease in their position. The sale was disclosed in a legal filing 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 stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $187.82, for a total transaction of $225,384.00. Following the transaction, the chief executive officer owned 187,776 shares of the company’s stock, valued at $35,268,088.32. This represents a 0.64% decrease in their position. 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 44,593 shares of company stock valued at $6,631,278. 0.46% of the stock is owned by insiders.

Analysts Set New Price Targets

GWRE has been the subject of several research analyst reports. Citizens Jmp decreased their target price on Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating for the company in a research report on Friday, June 5th. The Goldman Sachs Group cut their price target on shares of Guidewire Software from $255.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, June 5th. Piper Sandler started coverage on shares of Guidewire Software in a research report on Monday, August 10th. They set an “overweight” rating and a $210.00 price target for the company. Zacks Research downgraded shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Guidewire Software from $300.00 to $258.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Guidewire Software currently has an average rating of “Moderate Buy” and a consensus price target of $221.64.

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.