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

Capital Fund Management S.A. boosted its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 13.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 82,975 shares of the technology company’s stock after acquiring an additional 10,002 shares during the period. Capital Fund Management S.A. owned 0.10% of Guidewire Software worth $19,073,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd increased its stake in Guidewire Software by 3,636.9% during the second quarter. Qube Research & Technologies Ltd now owns 731,467 shares of the technology company’s stock worth $172,224,000 after acquiring an additional 711,893 shares during the last quarter. Groupama Asset Managment lifted its stake in shares of Guidewire Software by 240.0% in the 2nd quarter. Groupama Asset Managment now owns 850,000 shares of the technology company’s stock valued at $200,132,000 after purchasing an additional 600,000 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Guidewire Software by 405.1% in the 2nd quarter. Alliancebernstein L.P. now owns 538,303 shares of the technology company’s stock valued at $126,743,000 after purchasing an additional 431,725 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Guidewire Software during the 3rd quarter worth $51,967,000. Finally, Vanguard Group Inc. grew its holdings in shares of Guidewire Software by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 8,922,651 shares of the technology company’s stock worth $2,100,838,000 after purchasing an additional 211,047 shares during the period.

Analysts Set New Price Targets

Several analysts recently issued reports on GWRE shares. Oppenheimer reduced their price objective on shares of Guidewire Software from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. Zacks Research lowered shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. BTIG Research lifted their price target on shares of Guidewire Software from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Wells Fargo & Company reduced their price target on shares of Guidewire Software from $250.00 to $210.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Finally, Citigroup upped their price objective on shares of Guidewire Software from $242.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. Eleven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $249.85.

Guidewire Software Price Performance

GWRE opened at $157.98 on Thursday. The stock’s 50-day moving average price is $152.17 and its 200 day moving average price is $199.70. Guidewire Software, Inc. has a 12-month low of $120.37 and a 12-month high of $272.60. The firm has a market cap of $13.37 billion, a price-to-earnings ratio of 71.81, a PEG ratio of 10.24 and a beta of 1.06. The company has a current ratio of 2.93, a quick ratio of 3.48 and a debt-to-equity ratio of 0.45.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, March 5th. The technology company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.40. The company had revenue of $359.10 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 EPS. As a group, sell-side analysts expect 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 program on Thursday, January 8th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 6,015 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $192.08, for a total transaction of $1,155,361.20. Following the sale, the chief executive officer directly owned 240,743 shares in the company, valued at $46,241,915.44. This represents a 2.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jeffrey Elliott Cooper sold 2,872 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $192.08, for a total transaction of $551,653.76. Following the completion of the transaction, the chief financial officer directly owned 74,201 shares of the company’s stock, valued at $14,252,528.08. This represents a 3.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 42,560 shares of company stock worth $7,882,898. 0.46% of the stock is owned by company insiders.

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.