Guidewire Software, Inc. $GWRE Position Reduced by Ranger Investment Management L.P.

Ranger Investment Management L.P. reduced its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 4.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,745 shares of the technology company’s stock after selling 4,851 shares during the period. Ranger Investment Management L.P.’s holdings in Guidewire Software were worth $17,161,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of GWRE. Measured Wealth Private Client Group LLC acquired a new stake in shares of Guidewire Software in the 3rd quarter valued at about $29,000. Advisors Asset Management Inc. acquired a new position in Guidewire Software in the first quarter worth about $25,000. Flagship Harbor Advisors LLC acquired a new position in Guidewire Software in the fourth quarter worth about $36,000. Leonteq Securities AG bought a new stake in Guidewire Software in the first quarter valued at about $36,000. Finally, Bogart Wealth LLC increased its holdings in 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 during the last quarter.

Guidewire Software Stock Up 6.6%

NYSE:GWRE opened at $159.15 on Wednesday. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.51. The stock has a 50 day moving average of $133.50 and a 200-day moving average of $140.90. The firm has a market capitalization of $13.25 billion, a PE ratio of 86.02 and a beta of 0.95. Guidewire Software, Inc. has a 52 week low of $102.30 and a 52 week high of $272.60.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $355.92 million. During the same quarter last year, the business posted $0.88 EPS. The business’s revenue was up 26.9% on a year-over-year basis. Analysts predict that Guidewire Software, Inc. will post 1.83 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Citizens Jmp reduced their target price on Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating on the stock in a report on Friday, June 5th. DA Davidson dropped their price target on Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, June 8th. Zacks Research cut Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a report on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. lowered 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 note on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned 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 $221.00.

Insider Buying and Selling

In other Guidewire Software news, insider James Winston King sold 1,684 shares of the firm’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $130.64, for a total value of $219,997.76. Following the sale, the insider directly owned 30,018 shares in the company, 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 can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael George Rosenbaum sold 1,200 shares of the stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $142.31, for a total transaction of $170,772.00. Following the completion of the sale, the chief executive officer directly owned 192,576 shares in the company, valued at approximately $27,405,490.56. This trade represents a 0.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 30,193 shares of company stock valued at $3,797,922. 0.46% of the stock is owned by corporate 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.