Bridgefront Capital LLC Boosts Stock Holdings in Guidewire Software, Inc. $GWRE

Bridgefront Capital LLC grew its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 172.5% in the third quarter, Holdings Channel.com reports. The fund owned 11,501 shares of the technology company’s stock after buying an additional 7,280 shares during the quarter. Guidewire Software comprises about 0.8% of Bridgefront Capital LLC’s holdings, making the stock its 4th biggest position. Bridgefront Capital LLC’s holdings in Guidewire Software were worth $2,644,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Root Financial Partners LLC acquired a new position in shares of Guidewire Software in the 3rd quarter worth $29,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Guidewire Software during the second quarter valued at $30,000. Advisors Asset Management Inc. purchased a new stake in shares of Guidewire Software during the first quarter valued at $25,000. Cornerstone Planning Group LLC boosted its position in shares of Guidewire Software by 620.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 144 shares of the technology company’s stock valued at $34,000 after purchasing an additional 124 shares during the period. Finally, Hazlett Burt & Watson Inc. acquired a new position in shares of Guidewire Software in the 3rd quarter valued at $35,000.

Guidewire Software Stock Up 1.9%

Shares of Guidewire Software stock opened at $160.56 on Friday. The stock has a 50-day moving average price of $150.75 and a 200 day moving average price of $198.96. The company has a market cap of $13.59 billion, a P/E ratio of 72.98, a P/E/G ratio of 10.35 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, Inc. has a 1 year low of $120.37 and a 1 year high of $272.60.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, March 5th. The technology company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.40. The firm 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%.The business’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same period last year, the company posted $0.51 EPS. As a group, analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

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

Insider Activity at Guidewire Software

In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 4,757 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $158.72, for a total value of $755,031.04. Following the transaction, the chief financial officer owned 67,996 shares in the company, valued at approximately $10,792,325.12. This represents a 6.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 1,200 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $166.34, for a total transaction of $199,608.00. Following the completion of the sale, the chief executive officer owned 227,143 shares of the company’s stock, valued at approximately $37,782,966.62. The trade was a 0.53% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 47,317 shares of company stock valued at $8,637,929. 0.46% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GWRE shares. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a report on Thursday, January 22nd. Royal Bank Of Canada decreased their target price 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. Stifel Nicolaus dropped their target price on shares of Guidewire Software from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. Citizens Jmp restated a “market outperform” rating and set a $281.00 price target on shares of Guidewire Software in a report on Wednesday, December 10th. Finally, Zacks Research downgraded shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Eleven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Guidewire Software currently has a consensus rating of “Moderate Buy” and an average target price of $249.85.

Guidewire Software 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.