4,138 Shares in Guidewire Software, Inc. $GWRE Acquired by Krilogy Financial LLC

Krilogy Financial LLC bought a new stake in Guidewire Software, Inc. (NYSE:GWRE) in the third quarter, Holdings Channel.com reports. The institutional investor bought 4,138 shares of the technology company’s stock, valued at approximately $911,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Guidewire Software by 57.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 51,694 shares of the technology company’s stock worth $11,735,000 after acquiring an additional 18,774 shares during the period. Scalar Gauge Management LLC acquired a new position in Guidewire Software in the third quarter worth about $5,287,000. Allspring Global Investments Holdings LLC bought a new position in Guidewire Software during the third quarter worth about $51,967,000. Y Intercept Hong Kong Ltd boosted its holdings in Guidewire Software by 59.6% during the third quarter. Y Intercept Hong Kong Ltd now owns 27,763 shares of the technology company’s stock valued at $6,382,000 after purchasing an additional 10,364 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Guidewire Software by 12.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 150,957 shares of the technology company’s stock valued at $34,699,000 after purchasing an additional 17,151 shares during the period.

Wall Street Analyst Weigh In

GWRE has been the topic of several recent analyst reports. Citigroup boosted their price target on Guidewire Software from $242.00 to $245.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. Wall Street Zen downgraded shares of Guidewire Software from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. BTIG Research reiterated a “buy” rating and set a $250.00 target price on shares of Guidewire Software in a research report on Tuesday, January 27th. Zacks Research lowered shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Finally, 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, February 4th. Twelve analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Guidewire Software has an average rating of “Moderate Buy” and a consensus target price of $266.64.

Insider Transactions at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 6,015 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $192.08, for a total value of $1,155,361.20. Following the transaction, the chief executive officer owned 240,743 shares in the company, valued at $46,241,915.44. This trade represents a 2.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President John P. Mullen sold 7,975 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $192.08, for a total value of $1,531,838.00. Following the sale, the president directly owned 141,983 shares of the company’s stock, valued at $27,272,094.64. This represents a 5.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 46,958 shares of company stock worth $9,103,787. 0.46% of the stock is owned by insiders.

Guidewire Software Price Performance

GWRE opened at $126.97 on Friday. 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 $10.80 billion, a P/E ratio of 120.93, a price-to-earnings-growth ratio of 8.08 and a beta of 1.06. The company’s 50 day simple moving average is $173.13 and its 200-day simple moving average is $209.05. Guidewire Software, Inc. has a one year low of $121.88 and a one year high of $272.60.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Wednesday, December 3rd. The technology company reported $0.66 earnings per share for the quarter, hitting the consensus estimate of $0.66. The firm had revenue of $332.64 million during the quarter, compared to analysts’ expectations of $316.62 million. Guidewire Software had a net margin of 7.23% and a return on equity of 10.15%. Guidewire Software’s revenue was up 26.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 EPS. Sell-side analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

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

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.