Guidewire Software, Inc. $GWRE Shares Sold by Centiva Capital LP

Centiva Capital LP lowered its stake in Guidewire Software, Inc. (NYSE:GWRE) by 36.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 6,406 shares of the technology company’s stock after selling 3,695 shares during the period. Centiva Capital LP’s holdings in Guidewire Software were worth $1,472,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Bridgefront Capital LLC grew its stake in Guidewire Software by 172.5% in the third quarter. Bridgefront Capital LLC now owns 11,501 shares of the technology company’s stock worth $2,644,000 after purchasing an additional 7,280 shares in the last quarter. Algert Global LLC raised its stake in Guidewire Software by 80.8% during the third quarter. Algert Global LLC now owns 62,322 shares of the technology company’s stock valued at $14,325,000 after buying an additional 27,859 shares in the last quarter. Alliancebernstein L.P. raised its stake in Guidewire Software by 6.9% during the third quarter. Alliancebernstein L.P. now owns 575,587 shares of the technology company’s stock valued at $132,304,000 after buying an additional 37,284 shares in the last quarter. Creative Planning lifted its holdings in Guidewire Software by 24.9% during the 3rd quarter. Creative Planning now owns 25,640 shares of the technology company’s stock worth $5,894,000 after buying an additional 5,118 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Guidewire Software by 18.9% during the 3rd quarter. AQR Capital Management LLC now owns 1,271,528 shares of the technology company’s stock worth $292,146,000 after buying an additional 202,064 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on GWRE shares. Zacks Research lowered Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Wall Street Zen cut Guidewire Software from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a report on Thursday, January 22nd. DA Davidson reiterated a “buy” rating and set a $246.00 target price on shares of Guidewire Software in a research note on Tuesday, March 10th. Finally, Citigroup increased their target price on shares of Guidewire Software from $242.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. Eleven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Guidewire Software has a consensus rating of “Moderate Buy” and a consensus target price of $249.85.

Guidewire Software Stock Up 1.9%

Shares of Guidewire Software stock opened at $160.56 on Friday. The stock has a market capitalization of $13.59 billion, a price-to-earnings ratio of 72.98, a PEG ratio of 10.35 and a beta of 1.06. Guidewire Software, Inc. has a twelve month low of $120.37 and a twelve month high of $272.60. The company has a current ratio of 2.93, a quick ratio of 3.48 and a debt-to-equity ratio of 0.45. The business’s 50 day simple moving average is $150.75 and its 200-day simple moving average is $198.96.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, March 5th. The technology company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.40. Guidewire Software had a return on equity of 13.44% and a net margin of 14.11%.The business had revenue of $359.10 million during the quarter, compared to analyst estimates of $342.88 million. During the same quarter in the previous year, the firm posted $0.51 EPS. The business’s revenue for the quarter was up 24.0% compared to the same quarter last year. Equities research analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Guidewire Software announced that its Board of Directors has approved a stock repurchase plan on Thursday, January 8th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Activity

In related news, President John P. Mullen sold 7,975 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $192.08, for a total value of $1,531,838.00. Following the sale, the president owned 141,983 shares of the company’s stock, valued at $27,272,094.64. This trade represents a 5.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James Winston King sold 1,860 shares of Guidewire Software stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $195.00, for a total transaction of $362,700.00. Following the completion of the sale, the insider owned 33,702 shares in the company, valued at approximately $6,571,890. This represents a 5.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 47,317 shares of company stock worth $8,637,929. 0.46% of the stock is owned by insiders.

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.