SG Americas Securities LLC Purchases 34,982 Shares of Guidewire Software, Inc. $GWRE

SG Americas Securities LLC grew its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 920.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,782 shares of the technology company’s stock after purchasing an additional 34,982 shares during the quarter. SG Americas Securities LLC’s holdings in Guidewire Software were worth $7,796,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in GWRE. Advisors Asset Management Inc. bought a new stake in Guidewire Software during the 1st quarter valued at approximately $25,000. Prudential Financial Inc. increased its position in Guidewire Software by 11.4% in the 2nd quarter. Prudential Financial Inc. now owns 9,181 shares of the technology company’s stock worth $2,028,000 after buying an additional 939 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in shares of Guidewire Software by 1.0% during the second quarter. State Board of Administration of Florida Retirement System now owns 77,294 shares of the technology company’s stock worth $18,199,000 after buying an additional 740 shares during the last quarter. Norges Bank acquired a new position in shares of Guidewire Software during the second quarter worth approximately $24,661,000. Finally, M.D. Sass LLC bought a new stake in shares of Guidewire Software in the second quarter valued at approximately $2,909,000.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $144.96 on Tuesday. The firm has a market capitalization of $12.27 billion, a PE ratio of 65.89, a PEG ratio of 6.56 and a beta of 1.05. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 0.45. Guidewire Software, Inc. has a 1-year low of $120.37 and a 1-year high of $272.60. The business’s 50 day moving average is $145.76 and its 200-day moving average is $192.50.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Thursday, March 5th. The technology company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.40. The business had revenue of $359.10 million during the quarter, compared to analyst estimates of $342.88 million. Guidewire Software had a return on equity of 13.44% and a net margin of 14.11%.Guidewire Software’s revenue was up 24.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 earnings per share. Sell-side analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Guidewire Software announced that its board has authorized a share repurchase plan on Thursday, January 8th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GWRE. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a research note on Thursday, January 22nd. Royal Bank Of Canada reduced their price target on shares of Guidewire Software from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, March 6th. Zacks Research upgraded shares of Guidewire Software from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 13th. Citizens Jmp restated a “market outperform” rating and set a $281.00 price objective on shares of Guidewire Software in a report on Wednesday, December 10th. Finally, Citigroup upped their price objective on shares of Guidewire Software from $242.00 to $245.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $249.85.

Insider Activity

In other news, CFO Jeffrey Elliott Cooper sold 4,757 shares of Guidewire Software stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $158.72, for a total transaction of $755,031.04. Following the sale, the chief financial officer directly owned 67,996 shares in the company, valued at approximately $10,792,325.12. The trade was a 6.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President John P. Mullen sold 6,576 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $163.86, for a total transaction of $1,077,543.36. Following the completion of the sale, the president directly owned 135,407 shares in the company, valued at approximately $22,187,791.02. The trade was a 4.63% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 30,295 shares of company stock worth $4,819,906. 0.46% of the stock is currently owned by corporate insiders.

Guidewire Software Company 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.