Oak Thistle LLC Has $1.92 Million Stock Holdings in Guidewire Software, Inc. $GWRE

Oak Thistle LLC trimmed its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 37.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,544 shares of the technology company’s stock after selling 5,830 shares during the period. Oak Thistle LLC’s holdings in Guidewire Software were worth $1,918,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GWRE. DMC Group LLC raised its holdings in Guidewire Software by 6.5% during the 4th quarter. DMC Group LLC now owns 1,595 shares of the technology company’s stock worth $321,000 after buying an additional 98 shares during the period. Aaron Wealth Advisors LLC purchased a new position in shares of Guidewire Software in the fourth quarter worth approximately $396,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Guidewire Software during the fourth quarter valued at approximately $36,000. Perigon Wealth Management LLC raised its holdings in shares of Guidewire Software by 11.1% during the fourth quarter. Perigon Wealth Management LLC now owns 1,265 shares of the technology company’s stock valued at $254,000 after acquiring an additional 126 shares during the period. Finally, Earned Wealth Advisors LLC lifted its position in shares of Guidewire Software by 12.9% in the 4th quarter. Earned Wealth Advisors LLC now owns 1,117 shares of the technology company’s stock valued at $225,000 after acquiring an additional 128 shares in the last quarter.

Guidewire Software Stock Down 6.2%

GWRE stock opened at $137.07 on Thursday. The firm has a market cap of $11.60 billion, a PE ratio of 62.31, a PEG ratio of 6.50 and a beta of 1.05. The company has a fifty day simple moving average of $144.05 and a 200 day simple moving average of $187.94. Guidewire Software, Inc. has a 1 year low of $120.37 and a 1 year high of $272.60. 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 (NYSE:GWRE) last issued its quarterly earnings data on Thursday, March 5th. The technology company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.40. The business had revenue of $359.10 million for 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%.The firm’s revenue was up 24.0% compared to the same quarter last year. During the same period last year, the business earned $0.51 EPS. Sell-side analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

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

Insider Buying and Selling at Guidewire Software

In other news, President John P. Mullen sold 6,576 shares of Guidewire Software stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $163.86, for a total value of $1,077,543.36. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 1,935 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $163.86, for a total value of $317,069.10. Following the sale, the chief financial officer owned 66,061 shares of the company’s stock, valued at approximately $10,824,755.46. The trade was a 2.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 31,495 shares of company stock worth $5,001,274 in the last quarter. 0.46% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on GWRE shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a research note on Thursday, January 22nd. Royal Bank Of Canada reduced their target price on Guidewire Software from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, March 6th. Citizens Jmp reiterated a “market outperform” rating and set a $281.00 price target on shares of Guidewire Software in a report on Wednesday, December 10th. Stifel Nicolaus dropped their price target on Guidewire Software from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. Finally, Zacks Research raised Guidewire Software from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $249.85.

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.