Landscape Capital Management L.L.C. Buys New Stake in Guidewire Software, Inc. $GWRE

Landscape Capital Management L.L.C. purchased a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,281 shares of the technology company’s stock, valued at approximately $527,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital World Investors purchased a new stake in shares of Guidewire Software during the 4th quarter worth about $202,405,000. Principal Financial Group Inc. increased its stake in shares of Guidewire Software by 547.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company’s stock valued at $176,537,000 after purchasing an additional 997,992 shares in the last quarter. Alliancebernstein L.P. increased 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 in the last quarter. Stockbridge Partners LLC raised its holdings in Guidewire Software by 39.0% in the 4th quarter. Stockbridge Partners LLC now owns 1,445,206 shares of the technology company’s stock worth $290,501,000 after purchasing an additional 405,850 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in Guidewire Software by 179.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 628,759 shares of the technology company’s stock worth $94,037,000 after purchasing an additional 403,370 shares during the period.

Guidewire Software Price Performance

Shares of GWRE opened at $189.19 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44. Guidewire Software, Inc. has a one year low of $102.30 and a one year high of $272.60. The stock has a market capitalization of $15.75 billion, a price-to-earnings ratio of 102.26 and a beta of 0.92. The stock has a 50 day moving average price of $144.61 and a 200 day moving average price of $141.89.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 earnings per share 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 company had revenue of $372.54 million for the quarter, compared to analyst estimates of $355.92 million. During the same quarter last year, the firm posted $0.88 EPS. The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. Equities research analysts forecast that Guidewire Software, Inc. will post 1.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on GWRE. Wells Fargo & Company dropped their price objective on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Friday, June 5th. Guggenheim began coverage on Guidewire Software in a research note on Thursday, July 23rd. They set a “buy” rating and a $180.00 target price for the company. Stifel Nicolaus decreased their target price on Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, June 5th. DA Davidson dropped their price target on shares of Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a research note on Monday, June 8th. Finally, Oppenheimer lifted their price target on shares of Guidewire Software from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $221.64.

Insider Buying and Selling at Guidewire Software

In other news, insider James Winston King sold 1,684 shares of the firm’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $130.64, for a total value of $219,997.76. Following the transaction, the insider directly owned 30,018 shares of the company’s stock, valued at approximately $3,921,551.52. This trade represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeffrey Elliott Cooper sold 1,348 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $105.67, for a total transaction of $142,443.16. Following the transaction, the chief financial officer owned 62,119 shares in the company, valued at $6,564,114.73. The trade was a 2.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 44,593 shares of company stock valued at $6,572,106 over the last ninety days. 0.46% of the stock is currently owned by corporate insiders.

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.