Ranger Investment Management L.P. Decreases Stock Holdings in Guidewire Software, Inc. $GWRE

Ranger Investment Management L.P. lowered its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 4.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,745 shares of the technology company’s stock after selling 4,851 shares during the period. Ranger Investment Management L.P. owned approximately 0.14% of Guidewire Software worth $17,161,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new position in shares of Guidewire Software during the 3rd quarter valued at $29,000. Advisors Asset Management Inc. acquired a new stake in Guidewire Software in the 1st quarter valued at $25,000. Flagship Harbor Advisors LLC acquired a new stake in Guidewire Software in the 4th quarter valued at $36,000. Leonteq Securities AG acquired a new stake in Guidewire Software in the 1st quarter valued at $36,000. Finally, Bogart Wealth LLC raised its position in Guidewire Software by 127.8% in the first quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock valued at $37,000 after purchasing an additional 138 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have commented on GWRE shares. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a research note on Wednesday, June 3rd. Oppenheimer lowered their target price on Guidewire Software from $250.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, May 18th. Royal Bank Of Canada dropped their target price on Guidewire Software from $250.00 to $215.00 and set an “outperform” rating on the stock in a report on Friday, June 5th. Stifel Nicolaus reduced their price target on Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, June 5th. Finally, Zacks Research cut Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $221.00.

Guidewire Software Stock Performance

Guidewire Software stock opened at $159.15 on Wednesday. Guidewire Software, Inc. has a 12-month low of $102.30 and a 12-month high of $272.60. The company has a market capitalization of $13.25 billion, a price-to-earnings ratio of 86.02 and a beta of 0.95. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.44. The firm’s fifty day moving average price is $133.50 and its 200 day moving average price is $140.90.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The firm had revenue of $372.54 million for the quarter, compared to analyst estimates of $355.92 million. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The firm’s revenue was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.88 EPS. On average, research analysts forecast that Guidewire Software, Inc. will post 1.83 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Michael George Rosenbaum sold 1,200 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $142.31, for a total value of $170,772.00. Following the transaction, the chief executive officer owned 192,576 shares in the company, valued at approximately $27,405,490.56. The trade was a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider James Winston King sold 1,684 shares of the stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $130.64, for a total value of $219,997.76. Following the completion of the transaction, the insider directly owned 30,018 shares of the company’s stock, valued at $3,921,551.52. This represents a 5.31% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 30,193 shares of company stock valued at $3,797,922 in the last three months. 0.46% of the stock is owned by 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.