4,676 Shares in Guidewire Software, Inc. $GWRE Acquired by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC bought a new position in Guidewire Software, Inc. (NYSE:GWRE) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,676 shares of the technology company’s stock, valued at approximately $667,000.

Several other hedge funds also recently made changes to their positions in the company. CX Institutional raised its position in shares of Guidewire Software by 8.6% during the 3rd quarter. CX Institutional now owns 863 shares of the technology company’s stock valued at $123,000 after acquiring an additional 68 shares in the last quarter. Angeles Wealth Management LLC boosted its holdings in Guidewire Software by 2.5% in the third quarter. Angeles Wealth Management LLC now owns 2,831 shares of the technology company’s stock worth $404,000 after purchasing an additional 70 shares during the period. Signaturefd LLC boosted its holdings in Guidewire Software by 1.4% in the third quarter. Signaturefd LLC now owns 5,324 shares of the technology company’s stock worth $759,000 after purchasing an additional 72 shares during the period. Castleark Management LLC boosted its holdings in Guidewire Software by 1.6% in the first quarter. Castleark Management LLC now owns 5,180 shares of the technology company’s stock worth $775,000 after purchasing an additional 80 shares during the period. Finally, Elevation Wealth Partners LLC increased its stake in Guidewire Software by 35.1% during the second quarter. Elevation Wealth Partners LLC now owns 458 shares of the technology company’s stock valued at $56,000 after purchasing an additional 119 shares during the last quarter.

Guidewire Software Price Performance

Shares of NYSE GWRE opened at $160.74 on Tuesday. Guidewire Software, Inc. has a 1-year low of $102.30 and a 1-year high of $229.85. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.79 and a quick ratio of 1.79. The business’s fifty day moving average price is $163.33 and its two-hundred day moving average price is $149.31. The firm has a market capitalization of $13.28 billion, a PE ratio of 98.62 and a beta of 1.01.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. Guidewire Software had a return on equity of 12.66% and a net margin of 9.44%. The company had revenue of $411.09 million for the quarter, compared to analysts’ expectations of $402.61 million. During the same period last year, the business posted $0.84 earnings per share. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. On average, research analysts expect that Guidewire Software, Inc. will post 2.45 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. BTIG Research increased their target price on shares of Guidewire Software from $175.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $215.00 price target on shares of Guidewire Software in a report on Friday, September 4th. DA Davidson reaffirmed a “buy” rating and set a $222.00 price objective on shares of Guidewire Software in a research report on Friday, October 2nd. Wells Fargo & Company increased their price objective on shares of Guidewire Software from $190.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, September 4th. Finally, Oppenheimer increased their price objective on shares of Guidewire Software from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, September 4th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $216.23.

Insider Activity at Guidewire Software

In other Guidewire Software news, CEO Michael Rosenbaum sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $159.60, for a total value of $191,520.00. Following the sale, the chief executive officer owned 271,266 shares in the company, valued at approximately $43,294,053.60. This trade represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider James King sold 9,187 shares of Guidewire Software stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $168.00, for a total value of $1,543,416.00. Following the sale, the insider directly owned 35,371 shares in the company, valued at approximately $5,942,328. This trade represents a 20.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 209,135 shares of company stock worth $31,764,329 in the last ninety days. 0.50% of the stock is owned by insiders.

Guidewire Software Profile

Guidewire Software develops software for property and casualty insurance companies. Its products support core insurance operations, including policy administration, billing and claims management, as well as data analytics and digital customer services.

The company offers its applications through Guidewire Cloud and provides related implementation and support services. Its platform includes products such as PolicyCenter, BillingCenter and ClaimCenter, designed to help insurers manage workflows and modernize their technology systems.

Founded in 2001, Guidewire is headquartered in San Mateo, California, and serves insurance organizations in markets around the world.