Guidewire Software, Inc. (NYSE:GWRE) Short Interest Update

Guidewire Software, Inc. (NYSE:GWRE) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 1,749,649 shares, a growth of 33.0% from the December 31st total of 1,315,755 shares. Based on an average trading volume of 1,354,480 shares, the short-interest ratio is currently 1.3 days. Currently, 2.1% of the company’s stock are sold short. Currently, 2.1% of the company’s stock are sold short. Based on an average trading volume of 1,354,480 shares, the short-interest ratio is currently 1.3 days.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. DA Davidson upgraded shares of Guidewire Software from a “neutral” rating to a “buy” rating and increased their price target for the stock from $246.00 to $250.00 in a report on Wednesday, December 17th. Wells Fargo & Company reduced their target price on shares of Guidewire Software from $275.00 to $250.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Wall Street Zen downgraded shares of Guidewire Software from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a research report on Thursday, January 22nd. Finally, Citigroup boosted their price objective on Guidewire Software from $242.00 to $245.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Twelve investment 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $269.50.

Insider Activity at Guidewire Software

In other news, insider James Winston King sold 1,860 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $195.00, for a total transaction of $362,700.00. Following the sale, the insider directly owned 33,702 shares of the company’s stock, valued at $6,571,890. The trade was a 5.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael George Rosenbaum sold 6,015 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $192.08, for a total value of $1,155,361.20. Following the sale, the chief executive officer owned 240,743 shares in the company, valued at approximately $46,241,915.44. The trade was a 2.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 47,158 shares of company stock valued at $9,241,717. Company insiders own 0.46% of the company’s stock.

Institutional Investors Weigh In On Guidewire Software

Large investors have recently bought and sold shares of the company. Qube Research & Technologies Ltd boosted its stake 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 worth $172,224,000 after acquiring an additional 711,893 shares during the last quarter. Groupama Asset Managment raised its stake 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 purchasing an additional 600,000 shares during the last quarter. Alliancebernstein L.P. lifted its holdings 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 purchasing an additional 431,725 shares in the last quarter. M&T Bank Corp boosted its stake in Guidewire Software by 4,507.8% during the 4th quarter. M&T Bank Corp now owns 318,675 shares of the technology company’s stock worth $64,057,000 after purchasing an additional 311,759 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Guidewire Software by 112.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 479,859 shares of the technology company’s stock worth $90,036,000 after buying an additional 254,142 shares in the last quarter.

Guidewire Software Price Performance

Shares of NYSE:GWRE traded down $9.71 during trading on Tuesday, reaching $129.21. 3,235,192 shares of the company’s stock traded hands, compared to its average volume of 1,628,129. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.44. Guidewire Software has a fifty-two week low of $124.47 and a fifty-two week high of $272.60. The company has a 50-day simple moving average of $188.44 and a 200-day simple moving average of $214.88. The firm has a market cap of $10.99 billion, a PE ratio of 123.06, a P/E/G ratio of 9.17 and a beta of 1.06.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $316.62 million. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.Guidewire Software’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same period last year, the company earned $0.43 earnings per share. As a group, analysts predict that Guidewire Software will post 0.52 earnings per share for the current year.

Guidewire Software announced that its board has approved a share repurchase program on Thursday, January 8th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the technology company to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are 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.