Hsbc Holdings PLC Purchases 7,242 Shares of Guidewire Software, Inc. $GWRE

Hsbc Holdings PLC boosted its position in Guidewire Software, Inc. (NYSE:GWRE) by 100.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,479 shares of the technology company’s stock after acquiring an additional 7,242 shares during the period. Hsbc Holdings PLC’s holdings in Guidewire Software were worth $2,164,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. American Trust lifted its stake in shares of Guidewire Software by 3.9% in the third quarter. American Trust now owns 1,632 shares of the technology company’s stock valued at $375,000 after buying an additional 61 shares in the last quarter. Vident Advisory LLC boosted its stake in Guidewire Software by 1.7% during the 3rd quarter. Vident Advisory LLC now owns 4,074 shares of the technology company’s stock valued at $936,000 after purchasing an additional 70 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Guidewire Software by 18.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 505 shares of the technology company’s stock valued at $102,000 after purchasing an additional 78 shares during the last quarter. DMC Group LLC increased 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 purchasing an additional 98 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC increased its holdings in Guidewire Software by 9.9% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 1,085 shares of the technology company’s stock worth $218,000 after purchasing an additional 98 shares in the last quarter.

Insider Buying and Selling at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 5,830 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $118.74, for a total transaction of $692,254.20. Following the sale, the chief executive officer directly owned 199,776 shares in the company, valued at approximately $23,721,402.24. This represents a 2.84% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President John P. Mullen sold 4,292 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $118.74, for a total transaction of $509,632.08. Following the completion of the transaction, the president directly owned 131,115 shares of the company’s stock, valued at approximately $15,568,595.10. This trade represents a 3.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 28,993 shares of company stock worth $3,627,150 over the last ninety days. Company insiders own 0.46% of the company’s stock.

Guidewire Software Stock Performance

NYSE:GWRE opened at $138.34 on Monday. The company has a market capitalization of $11.52 billion, a P/E ratio of 74.78 and a beta of 0.95. The business has a fifty day simple moving average of $132.87 and a two-hundred day simple moving average of $141.37. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.44. Guidewire Software, Inc. has a 1 year low of $102.30 and a 1 year high of $272.60.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The firm had revenue of $372.54 million for the quarter, compared to analysts’ expectations of $355.92 million. During the same quarter in the prior year, the firm earned $0.88 EPS. The business’s revenue for the quarter was up 26.9% compared to the same quarter last year. On average, analysts expect that Guidewire Software, Inc. will post 1.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GWRE. JPMorgan Chase & Co. dropped their target price on Guidewire Software from $300.00 to $258.00 and set an “overweight” rating on the stock in a report on Tuesday, July 14th. Oppenheimer lowered their price target on Guidewire Software from $250.00 to $180.00 and set an “outperform” rating for the company in a research report on Monday, May 18th. Guggenheim began coverage on Guidewire Software in a research note on Thursday. They set a “buy” rating and a $180.00 price objective on the stock. Citizens Jmp cut their price objective on shares of Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating on the stock in a report on Friday, June 5th. Finally, The Goldman Sachs Group lowered their target price on shares of Guidewire Software from $255.00 to $225.00 and set a “buy” rating for the company in a report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $221.00.

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.