Guidewire Software, Inc. $GWRE Shares Sold by Lyell Wealth Management LP

Lyell Wealth Management LP lowered its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 22.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,212 shares of the technology company’s stock after selling 7,978 shares during the period. Lyell Wealth Management LP’s holdings in Guidewire Software were worth $6,255,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Advisors Asset Management Inc. purchased a new position in shares of Guidewire Software during the 1st quarter valued at approximately $25,000. Sequoia Financial Advisors LLC raised its holdings in Guidewire Software by 4.1% in the second quarter. Sequoia Financial Advisors LLC now owns 1,835 shares of the technology company’s stock valued at $432,000 after acquiring an additional 73 shares in the last quarter. TD Asset Management Inc boosted its stake in Guidewire Software by 1.0% during the 2nd quarter. TD Asset Management Inc now owns 12,172 shares of the technology company’s stock valued at $2,866,000 after acquiring an additional 120 shares during the last quarter. Ritholtz Wealth Management bought a new position in Guidewire Software during the 2nd quarter valued at $325,000. Finally, Mutual Advisors LLC grew its holdings in Guidewire Software by 14.1% during the 2nd quarter. Mutual Advisors LLC now owns 1,570 shares of the technology company’s stock worth $351,000 after acquiring an additional 194 shares in the last quarter.

Insider Activity

In other news, CEO Michael George Rosenbaum sold 6,015 shares of the business’s 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 transaction, the chief executive officer directly owned 240,743 shares in the company, valued at approximately $46,241,915.44. The trade was a 2.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider James Winston King sold 1,860 shares of the stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $195.00, for a total value of $362,700.00. Following the completion of the transaction, the insider directly owned 33,702 shares of the company’s stock, valued at $6,571,890. This trade represents a 5.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 46,958 shares of company stock valued at $9,103,787. Company insiders own 0.46% of the company’s stock.

Guidewire Software Trading Up 1.3%

Shares of NYSE GWRE opened at $126.97 on Friday. Guidewire Software, Inc. has a 12-month low of $121.88 and a 12-month high of $272.60. The company has a market cap of $10.80 billion, a price-to-earnings ratio of 120.93, a price-to-earnings-growth ratio of 8.08 and a beta of 1.06. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.44. The stock’s 50 day simple moving average is $173.13 and its 200 day simple moving average is $209.05.

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

Guidewire Software declared that its Board of Directors has approved a share repurchase plan on Thursday, January 8th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the technology company to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on GWRE shares. Citizens Jmp restated a “market outperform” rating and issued a $281.00 target price on shares of Guidewire Software in a research note on Wednesday, December 10th. Zacks Research lowered Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Citigroup increased their target price on Guidewire Software from $242.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. BTIG Research reiterated a “buy” rating and issued a $250.00 target price on shares of Guidewire Software in a research report on Tuesday, January 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a research report on Thursday, January 22nd. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $266.64.

Guidewire Software 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.