Guidewire Software, Inc. $GWRE Shares Sold by SurgoCap Partners LP

SurgoCap Partners LP cut its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 719,573 shares of the technology company’s stock after selling 30,601 shares during the quarter. Guidewire Software accounts for 4.0% of SurgoCap Partners LP’s investment portfolio, making the stock its 12th biggest holding. SurgoCap Partners LP owned approximately 0.85% of Guidewire Software worth $144,641,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GWRE. Advisors Asset Management Inc. acquired a new position in Guidewire Software during the first quarter worth $25,000. Measured Wealth Private Client Group LLC acquired a new position in Guidewire Software during the third quarter worth $29,000. Flagship Harbor Advisors LLC acquired a new position in Guidewire Software during the fourth quarter worth $36,000. Harbour Investments Inc. raised its holdings in Guidewire Software by 83.0% during the fourth quarter. Harbour Investments Inc. now owns 247 shares of the technology company’s stock worth $50,000 after purchasing an additional 112 shares during the last quarter. Finally, Clearstead Advisors LLC raised its holdings in Guidewire Software by 82.4% during the third quarter. Clearstead Advisors LLC now owns 270 shares of the technology company’s stock worth $62,000 after purchasing an additional 122 shares during the last quarter.

Analyst Upgrades and Downgrades

GWRE has been the subject of several research reports. Zacks Research cut Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Wells Fargo & Company dropped their price target on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday, June 5th. BTIG Research reissued a “buy” rating and set a $200.00 price target on shares of Guidewire Software in a research report on Tuesday, June 2nd. Citizens Jmp dropped their price target on Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating for the company in a research report on Friday, June 5th. Finally, Stifel Nicolaus dropped their price target on Guidewire Software from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, June 5th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Guidewire Software presently has an average rating of “Moderate Buy” and an average price target of $229.00.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $120.03 on Tuesday. The company has a market cap of $9.99 billion, a P/E ratio of 64.88 and a beta of 0.93. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. Guidewire Software, Inc. has a 52 week low of $113.67 and a 52 week high of $272.60. The business has a fifty day simple moving average of $136.87 and a 200-day simple moving average of $156.66.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. The business had revenue of $372.54 million during the quarter, compared to the consensus estimate of $355.92 million. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The business’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 earnings per share. Equities research analysts forecast that Guidewire Software, Inc. will post 1.83 EPS for the current year.

Insider Activity at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction on Monday, June 8th. The stock was sold at an average price of $135.62, for a total value of $162,744.00. Following the completion of the sale, the chief executive officer owned 206,806 shares of the company’s stock, valued at $28,047,029.72. 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 13,200 shares of company stock valued at $1,851,408 over the last ninety days. 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.