Capital Fund Management S.A. Grows Stock Position in Guidewire Software, Inc. $GWRE

Capital Fund Management S.A. increased its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 13.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 82,975 shares of the technology company’s stock after purchasing an additional 10,002 shares during the period. Capital Fund Management S.A.’s holdings in Guidewire Software were worth $19,073,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of GWRE. Earned Wealth Advisors LLC raised its position in Guidewire Software by 5.4% in the 3rd quarter. Earned Wealth Advisors LLC now owns 989 shares of the technology company’s stock valued at $227,000 after purchasing an additional 51 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Guidewire Software by 9.3% during the third quarter. Smartleaf Asset Management LLC now owns 624 shares of the technology company’s stock worth $145,000 after buying an additional 53 shares in the last quarter. PDS Planning Inc increased its stake in shares of Guidewire Software by 6.4% during the third quarter. PDS Planning Inc now owns 911 shares of the technology company’s stock worth $209,000 after buying an additional 55 shares during the period. Arkadios Wealth Advisors increased its stake in shares of Guidewire Software by 1.7% during the third quarter. Arkadios Wealth Advisors now owns 3,739 shares of the technology company’s stock worth $859,000 after buying an additional 62 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in Guidewire Software by 7.5% in the third quarter. Parkside Financial Bank & Trust now owns 963 shares of the technology company’s stock valued at $221,000 after acquiring an additional 67 shares in the last quarter.

Insider Activity at Guidewire Software

In related news, insider James Winston King sold 1,860 shares of the stock in a transaction 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 transaction, the insider directly owned 33,702 shares of the company’s stock, valued at $6,571,890. This trade represents a 5.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael George Rosenbaum sold 6,015 shares of Guidewire Software stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $192.08, for a total transaction of $1,155,361.20. Following the sale, the chief executive officer owned 240,743 shares in the company, valued at $46,241,915.44. This represents a 2.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 42,560 shares of company stock valued at $7,882,898. Corporate insiders own 0.46% of the company’s stock.

Guidewire Software Stock Performance

Shares of GWRE opened at $157.98 on Thursday. The stock has a 50 day moving average price of $152.17 and a 200 day moving average price of $199.70. The company has a quick ratio of 3.48, a current ratio of 2.93 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $13.37 billion, a price-to-earnings ratio of 71.81, a price-to-earnings-growth ratio of 10.24 and a beta of 1.06. Guidewire Software, Inc. has a 52-week low of $120.37 and a 52-week high of $272.60.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, March 5th. The technology company reported $1.17 EPS for the quarter, beating the consensus estimate of $0.77 by $0.40. Guidewire Software had a net margin of 14.11% and a return on equity of 13.44%. The company had revenue of $359.10 million for the quarter, compared to analyst estimates of $342.88 million. During the same period in the prior year, the firm posted $0.51 earnings per share. The firm’s revenue 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 has authorized a stock buyback plan on Thursday, January 8th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the technology company to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

GWRE has been the subject of a number of recent research reports. Royal Bank Of Canada decreased their price target on shares of Guidewire Software from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, March 6th. Zacks Research downgraded shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. DA Davidson restated a “buy” rating and issued a $246.00 price objective on shares of Guidewire Software in a report on Tuesday. Citigroup lifted their price objective on shares of Guidewire Software from $242.00 to $245.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $281.00 target price on shares of Guidewire Software in a research note on Wednesday, December 10th. Eleven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $249.85.

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.