Y Intercept Hong Kong Ltd Has $6.38 Million Stake in Guidewire Software, Inc. $GWRE

Y Intercept Hong Kong Ltd grew its position in Guidewire Software, Inc. (NYSE:GWRE) by 59.6% during the third quarter, HoldingsChannel reports. The firm owned 27,763 shares of the technology company’s stock after buying an additional 10,364 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Guidewire Software were worth $6,382,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisors Asset Management Inc. bought a new position in shares of Guidewire Software in the first quarter worth about $25,000. Root Financial Partners LLC bought a new stake in shares of Guidewire Software in the third quarter valued at approximately $29,000. Newbridge Financial Services Group Inc. bought a new position in Guidewire Software during the second quarter worth $30,000. Westside Investment Management Inc. acquired a new position in Guidewire Software during the 2nd quarter valued at $32,000. Finally, Spire Wealth Management raised its stake in Guidewire Software by 135.1% during the 3rd quarter. Spire Wealth Management now owns 174 shares of the technology company’s stock valued at $40,000 after purchasing an additional 100 shares during the last quarter.

Insider Transactions at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 6,015 shares of Guidewire Software stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $192.08, for a total value of $1,155,361.20. Following the completion of the sale, the chief executive officer directly owned 240,743 shares of the company’s stock, valued at approximately $46,241,915.44. This trade represents a 2.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 2,872 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $192.08, for a total value of $551,653.76. Following the sale, the chief financial officer owned 74,201 shares of the company’s stock, valued at approximately $14,252,528.08. The trade was a 3.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 51,758 shares of company stock valued at $10,427,033 over the last 90 days. 0.46% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on GWRE. Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a research report on Thursday. DA Davidson raised Guidewire Software from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $246.00 to $250.00 in a report on Wednesday, December 17th. Wall Street Zen lowered Guidewire Software from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Citizens Jmp reiterated a “market outperform” rating and issued a $281.00 price target on shares of Guidewire Software in a research report on Wednesday, December 10th. Finally, Zacks Research lowered Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Guidewire Software currently has an average rating of “Moderate Buy” and an average price target of $269.50.

Guidewire Software Price Performance

Guidewire Software stock opened at $160.11 on Friday. The business’s fifty day moving average is $195.81 and its two-hundred day moving average is $217.92. The firm has a market cap of $13.61 billion, a P/E ratio of 152.49, a P/E/G ratio of 10.43 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.48 and a current ratio of 3.48. Guidewire Software, Inc. has a 52 week low of $154.51 and a 52 week high of $272.60.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Wednesday, December 3rd. The technology company reported $0.66 EPS for the quarter, hitting analysts’ consensus estimates of $0.66. Guidewire Software had a net margin of 7.23% and a return on equity of 10.15%. The firm had revenue of $332.64 million for the quarter, compared to analyst estimates of $316.62 million. During the same quarter in the prior year, the firm earned $0.43 EPS. The company’s revenue was up 26.5% on a year-over-year basis. Equities research analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Guidewire Software declared that its Board of Directors has authorized a share repurchase program on Thursday, January 8th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the technology company to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

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.