Entropy Technologies LP Acquires New Holdings in Guidewire Software, Inc. $GWRE

Entropy Technologies LP acquired a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 29,039 shares of the technology company’s stock, valued at approximately $5,837,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Atlas Capital Advisors Inc. bought a new stake in Guidewire Software during the fourth quarter valued at about $494,000. Inspire Advisors LLC bought a new stake in Guidewire Software during the fourth quarter valued at about $2,506,000. Teca Partners LP boosted its position in Guidewire Software by 18.8% during the fourth quarter. Teca Partners LP now owns 126,156 shares of the technology company’s stock valued at $25,359,000 after purchasing an additional 20,000 shares in the last quarter. Night Owl Capital Management LLC boosted its position in Guidewire Software by 1.7% during the fourth quarter. Night Owl Capital Management LLC now owns 80,920 shares of the technology company’s stock valued at $16,266,000 after purchasing an additional 1,324 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in Guidewire Software by 15.8% during the fourth quarter. UMB Bank n.a. now owns 990 shares of the technology company’s stock valued at $199,000 after purchasing an additional 135 shares in the last quarter.

Insider Transactions at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 4,737 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $163.86, for a total value of $776,204.82. Following the completion of the transaction, the chief executive officer directly owned 221,206 shares in the company, valued at $36,246,815.16. This trade represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President John P. Mullen sold 6,576 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $163.86, for a total value of $1,077,543.36. Following the completion of the transaction, the president owned 135,407 shares of the company’s stock, valued at approximately $22,187,791.02. The trade was a 4.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 28,922 shares of company stock worth $4,422,983 over the last three months. 0.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on GWRE shares. Citizens Jmp dropped their price objective on Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating on the stock in a research report on Friday, June 5th. Oppenheimer decreased their price target on Guidewire Software from $250.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, May 18th. BTIG Research reiterated a “buy” rating and issued a $200.00 price target on shares of Guidewire Software in a research note on Tuesday, June 2nd. Wells Fargo & Company decreased their price target on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Friday, June 5th. Finally, DA Davidson decreased their price target on Guidewire Software from $246.00 to $222.00 and set a “buy” rating for the company in a research note on Monday, June 8th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $229.00.

Guidewire Software Trading Up 3.6%

Guidewire Software stock opened at $122.77 on Friday. The stock has a 50-day moving average of $137.49 and a two-hundred day moving average of $157.71. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.93 and a current ratio of 2.44. Guidewire Software, Inc. has a one year low of $113.67 and a one year high of $272.60. The stock has a market cap of $10.22 billion, a PE ratio of 66.36 and a beta of 0.93.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The company had revenue of $372.54 million during the quarter, compared to analysts’ expectations of $355.92 million. During the same period last year, the business posted $0.88 earnings per share. The firm’s revenue was up 26.9% compared to the same quarter last year. On average, research analysts anticipate that Guidewire Software, Inc. will post 1.83 EPS for the current fiscal year.

About Guidewire Software

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.