M.D. Sass LLC Acquires 6,302 Shares of Guidewire Software, Inc. $GWRE

M.D. Sass LLC boosted its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 51.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,655 shares of the technology company’s stock after acquiring an additional 6,302 shares during the quarter. M.D. Sass LLC’s holdings in Guidewire Software were worth $4,288,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GWRE. Advisors Asset Management Inc. bought a new stake in shares of Guidewire Software in the 1st quarter valued at approximately $25,000. Root Financial Partners LLC bought a new position in shares of Guidewire Software during the 3rd quarter worth approximately $29,000. Newbridge Financial Services Group Inc. acquired a new stake in Guidewire Software in the 2nd quarter valued at $30,000. Westside Investment Management Inc. bought a new stake in Guidewire Software in the second quarter valued at $32,000. Finally, Cornerstone Planning Group LLC raised its stake in Guidewire Software by 620.0% during the third quarter. Cornerstone Planning Group LLC now owns 144 shares of the technology company’s stock worth $34,000 after acquiring an additional 124 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. BTIG Research restated a “buy” rating and issued a $250.00 target price on shares of Guidewire Software in a research note on Tuesday, January 27th. Wall Street Zen downgraded shares of Guidewire Software from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Citizens Jmp reaffirmed a “market outperform” rating and set a $281.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 10th. Wells Fargo & Company dropped their price objective on shares of Guidewire Software from $250.00 to $210.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a report on Thursday, January 22nd. Twelve analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $266.64.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 7,975 shares of Guidewire Software stock in a transaction 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 sale, the president owned 141,983 shares of the company’s stock, valued at approximately $27,272,094.64. The trade was 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, CEO Michael George Rosenbaum sold 6,015 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $192.08, for a total transaction of $1,155,361.20. Following the sale, the chief executive officer owned 240,743 shares of the company’s stock, valued at $46,241,915.44. The trade was a 2.44% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 48,358 shares of company stock valued at $9,409,729. 0.46% of the stock is currently owned by company insiders.

Guidewire Software Stock Performance

GWRE stock opened at $125.98 on Friday. The company has a 50 day moving average price of $183.35 and a 200 day moving average price of $213.05. Guidewire Software, Inc. has a fifty-two week low of $121.88 and a fifty-two week high of $272.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.48 and a quick ratio of 3.48. The stock has a market capitalization of $10.71 billion, a PE ratio of 119.98, a price-to-earnings-growth ratio of 8.52 and a beta of 1.06.

Guidewire Software (NYSE:GWRE) last released its earnings results on Wednesday, December 3rd. The technology company reported $0.66 EPS for the quarter, meeting the consensus estimate of $0.66. The company had revenue of $332.64 million during the quarter, compared to analysts’ expectations of $316.62 million. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The business’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same period last year, the firm earned $0.43 EPS. Analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Guidewire Software declared that its board has authorized a stock repurchase plan on Thursday, January 8th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

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.