Hudson Way Capital Management LLC Raises Stock Holdings in Guidewire Software, Inc. $GWRE

Hudson Way Capital Management LLC raised its stake in Guidewire Software, Inc. (NYSE:GWRE) by 7.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 252,986 shares of the technology company’s stock after acquiring an additional 17,111 shares during the quarter. Guidewire Software comprises approximately 4.9% of Hudson Way Capital Management LLC’s investment portfolio, making the stock its 9th biggest holding. Hudson Way Capital Management LLC owned approximately 0.30% of Guidewire Software worth $58,151,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Qube Research & Technologies Ltd increased its holdings in shares of Guidewire Software by 3,636.9% in the second quarter. Qube Research & Technologies Ltd now owns 731,467 shares of the technology company’s stock valued at $172,224,000 after purchasing an additional 711,893 shares in the last quarter. Groupama Asset Managment boosted its position in Guidewire Software by 240.0% in the 2nd quarter. Groupama Asset Managment now owns 850,000 shares of the technology company’s stock valued at $200,132,000 after buying an additional 600,000 shares during the last quarter. Alliancebernstein L.P. boosted its position in Guidewire Software by 405.1% in the 2nd quarter. Alliancebernstein L.P. now owns 538,303 shares of the technology company’s stock valued at $126,743,000 after buying an additional 431,725 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Guidewire Software during the third quarter worth $51,967,000. Finally, Vanguard Group Inc. grew its position in shares of Guidewire Software by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 8,922,651 shares of the technology company’s stock worth $2,100,838,000 after buying an additional 211,047 shares during the period.

Guidewire Software Trading Up 1.9%

GWRE opened at $160.56 on Monday. The firm’s fifty day moving average is $150.75 and its two-hundred day moving average is $198.84. The firm has a market cap of $13.59 billion, a PE ratio of 72.98, a price-to-earnings-growth ratio of 7.28 and a beta of 1.05. Guidewire Software, Inc. has a twelve month low of $120.37 and a twelve month high of $272.60. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.93 and a current ratio of 2.93.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, March 5th. The technology company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.40. Guidewire Software had a net margin of 14.11% and a return on equity of 13.44%. The company 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 business earned $0.51 EPS. The firm’s revenue was up 24.0% on a year-over-year basis. Equities research analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Guidewire Software announced that its Board of Directors has approved a share 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 repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts recently weighed in on GWRE shares. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a report on Thursday, January 22nd. DA Davidson reaffirmed a “buy” rating and set a $246.00 target price on shares of Guidewire Software in a report on Tuesday, March 10th. BTIG Research upped their target price on shares of Guidewire Software from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Wells Fargo & Company cut their price target on Guidewire Software from $250.00 to $210.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 4th. Finally, Wall Street Zen lowered Guidewire Software from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Eleven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $249.85.

Insiders Place Their Bets

In related news, CEO Michael George Rosenbaum sold 6,015 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $192.08, for a total transaction 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 represents a 2.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President John P. Mullen sold 7,975 shares of Guidewire Software stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $192.08, for a total transaction of $1,531,838.00. Following the completion of the transaction, the president directly owned 141,983 shares in the company, valued at approximately $27,272,094.64. The trade was a 5.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 45,917 shares of company stock valued at $8,351,853 in the last three months. Insiders own 0.46% of the company’s stock.

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.