Regal Partners Ltd Takes $3.43 Million Position in Guidewire Software, Inc. $GWRE

Regal Partners Ltd acquired a new stake in Guidewire Software, Inc. (NYSE:GWRE) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,949 shares of the technology company’s stock, valued at approximately $3,432,000.

Several other hedge funds also recently added to or reduced their stakes in GWRE. Comerica Bank lifted its position in Guidewire Software by 52.0% in the fourth quarter. Comerica Bank now owns 78,659 shares of the technology company’s stock valued at $15,811,000 after buying an additional 26,912 shares during the last quarter. Stephens Investment Management Group LLC increased its position in shares of Guidewire Software by 3.0% during the first quarter. Stephens Investment Management Group LLC now owns 524,818 shares of the technology company’s stock valued at $78,492,000 after acquiring an additional 15,260 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Guidewire Software by 8.9% in the 4th quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock valued at $357,504,000 after acquiring an additional 145,924 shares during the period. Principal Financial Group Inc. raised 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 acquiring an additional 997,992 shares during the period. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Guidewire Software by 6.2% in the 4th quarter. Los Angeles Capital Management LLC now owns 128,447 shares of the technology company’s stock worth $25,819,000 after acquiring an additional 7,459 shares during the last quarter.

Insider Buying and Selling at Guidewire Software

In related news, insider James Winston King sold 1,684 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $130.64, for a total transaction 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 represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President John P. Mullen sold 4,292 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $118.74, for a total transaction of $509,632.08. Following the completion of the sale, the president directly owned 131,115 shares in the company, valued at approximately $15,568,595.10. This represents a 3.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 30,193 shares of company stock worth $3,797,922. 0.46% of the stock is currently owned by corporate insiders.

Guidewire Software Stock Up 6.6%

Shares of GWRE opened at $159.15 on Wednesday. The company’s 50-day simple moving average is $133.50 and its 200-day simple moving average is $140.90. 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 1 year low of $102.30 and a 1 year high of $272.60. The stock has a market capitalization of $13.25 billion, a PE ratio of 86.02 and a beta of 0.95.

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 net margin of 11.25% and a return on equity of 12.62%. The firm had revenue of $372.54 million during the quarter, compared to analysts’ expectations of $355.92 million. During the same quarter in the previous year, the business posted $0.88 earnings per share. The business’s quarterly revenue was up 26.9% compared to the same quarter last year. Analysts forecast that Guidewire Software, Inc. will post 1.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GWRE has been the subject of a number of research analyst reports. BTIG Research reaffirmed a “buy” rating and set a $175.00 price objective on shares of Guidewire Software in a research report on Thursday, July 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, June 3rd. Wells Fargo & Company decreased their price target on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a research note on Friday, June 5th. JPMorgan Chase & Co. lowered their price target on Guidewire Software from $300.00 to $258.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Finally, Stifel Nicolaus dropped their price objective on Guidewire Software from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Guidewire Software has an average rating of “Moderate Buy” and a consensus target price of $221.00.

Guidewire Software Company 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.