Pacer Advisors Inc. Increases Position in Guidewire Software, Inc. $GWRE

Pacer Advisors Inc. increased its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 176.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,215 shares of the technology company’s stock after acquiring an additional 7,154 shares during the quarter. Pacer Advisors Inc.’s holdings in Guidewire Software were worth $2,578,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of GWRE. Vanguard Group Inc. raised its position in shares of Guidewire Software by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 8,922,651 shares of the technology company’s stock valued at $2,100,838,000 after purchasing an additional 211,047 shares in the last quarter. Geode Capital Management LLC raised its holdings in Guidewire Software by 5.6% in the second quarter. Geode Capital Management LLC now owns 1,578,442 shares of the technology company’s stock valued at $372,105,000 after acquiring an additional 84,152 shares in the last quarter. AQR Capital Management LLC boosted its stake in Guidewire Software by 6.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,069,464 shares of the technology company’s stock valued at $251,677,000 after acquiring an additional 67,851 shares during the last quarter. Groupama Asset Managment grew its holdings in Guidewire Software by 240.0% during the 2nd quarter. Groupama Asset Managment now owns 850,000 shares of the technology company’s stock worth $200,132,000 after acquiring an additional 600,000 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in Guidewire Software by 4.7% during the 2nd quarter. Franklin Resources Inc. now owns 780,532 shares of the technology company’s stock worth $183,776,000 after acquiring an additional 35,394 shares in the last quarter.

Guidewire Software Price Performance

Shares of NYSE GWRE opened at $202.39 on Wednesday. Guidewire Software, Inc. has a fifty-two week low of $165.08 and a fifty-two week high of $272.60. The firm’s 50-day simple moving average is $215.95 and its 200 day simple moving average is $225.56. 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 stock has a market cap of $17.21 billion, a P/E ratio of 192.75, a P/E/G ratio of 13.27 and a beta of 1.08.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share (EPS) for the quarter, meeting 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 analyst estimates of $316.62 million. During the same quarter in the prior year, the firm posted $0.43 EPS. Guidewire Software’s revenue was up 26.5% compared to the same quarter last year. Equities analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Insider Activity

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $204.95, for a total transaction of $286,930.00. Following the sale, the chief executive officer owned 237,943 shares of the company’s stock, valued at $48,766,417.85. The trade was a 0.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO David Franklin Peterson sold 358 shares of the stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $192.08, for a total value of $68,764.64. Following the transaction, the chief accounting officer directly owned 12,806 shares of the company’s stock, valued at approximately $2,459,776.48. The trade was a 2.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 54,140 shares of company stock valued at $11,181,164 over the last 90 days. Corporate insiders own 0.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GWRE shares. Robert W. Baird raised their price target on Guidewire Software from $270.00 to $288.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Stifel Nicolaus raised their target price on Guidewire Software from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Wells Fargo & Company upped their price target on shares of Guidewire Software from $265.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a report on Wednesday, October 8th. Finally, Citizens Jmp reissued a “market outperform” rating and set a $281.00 target price on shares of Guidewire Software in a research note on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Guidewire Software currently has an average rating of “Moderate Buy” and an average target price of $271.29.

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.