55,208 Shares in Guidewire Software, Inc. $GWRE Purchased by M.D. Sass LLC

M.D. Sass LLC acquired a new position in Guidewire Software, Inc. (NYSE:GWRE) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 55,208 shares of the technology company’s stock, valued at approximately $6,793,000. Guidewire Software makes up about 0.4% of M.D. Sass LLC’s holdings, making the stock its 28th largest holding.

Several other hedge funds also recently bought and sold shares of GWRE. Advisors Asset Management Inc. purchased a new position in shares of Guidewire Software during the 1st quarter worth $25,000. Measured Wealth Private Client Group LLC purchased a new position in Guidewire Software in the third quarter valued at approximately $29,000. Leonteq Securities AG acquired a new position in shares of Guidewire Software during the 1st quarter valued at $36,000. Bogart Wealth LLC grew its stake in shares of Guidewire Software by 127.8% in the first quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock valued at $37,000 after buying an additional 138 shares in the last quarter. Finally, Harbour Investments Inc. raised its stake in shares of Guidewire Software by 83.0% during the fourth quarter. Harbour Investments Inc. now owns 247 shares of the technology company’s stock valued at $50,000 after purchasing an additional 112 shares during the period.

Guidewire Software Price Performance

NYSE:GWRE opened at $177.98 on Wednesday. The stock has a market cap of $14.82 billion, a P/E ratio of 96.20 and a beta of 0.92. Guidewire Software, Inc. has a one year low of $102.30 and a one year high of $272.60. The company has a fifty day moving average price of $140.72 and a 200 day moving average price of $141.00. 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 (NYSE:GWRE) last issued its earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping 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 business had revenue of $372.54 million during the quarter, compared to analysts’ expectations of $355.92 million. During the same period in the prior year, the firm posted $0.88 EPS. Guidewire Software’s quarterly revenue was up 26.9% compared to the same quarter last year. Analysts anticipate that Guidewire Software, Inc. will post 1.83 earnings per share for the current year.

Insider Activity

In other news, President John P. Mullen sold 4,292 shares of the company’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 sale, the president owned 131,115 shares in the company, valued at $15,568,595.10. This represents a 3.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Michael George Rosenbaum sold 5,830 shares of Guidewire Software stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $118.74, for a total value of $692,254.20. Following the transaction, the chief executive officer owned 199,776 shares of the company’s stock, valued at $23,721,402.24. The trade was a 2.84% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Insiders sold 30,193 shares of company stock worth $3,908,106 over the last quarter. Corporate insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on GWRE. Oppenheimer increased their target price on Guidewire Software from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday. Wells Fargo & Company cut their price target on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Friday, June 5th. JPMorgan Chase & Co. decreased their target price on shares of Guidewire Software from $300.00 to $258.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Zacks Research downgraded shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Finally, The Goldman Sachs Group decreased their price target on Guidewire Software from $255.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $221.64.

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.