Segall Bryant & Hamill LLC Has $11.43 Million Holdings in Guidewire Software, Inc. $GWRE

Segall Bryant & Hamill LLC increased its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 23.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,715 shares of the technology company’s stock after acquiring an additional 9,391 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.06% of Guidewire Software worth $11,427,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. bought a new position in shares of Guidewire Software during the first quarter worth approximately $25,000. Root Financial Partners LLC bought a new stake in shares of Guidewire Software in the third quarter valued at approximately $29,000. Newbridge Financial Services Group Inc. acquired a new stake in Guidewire Software during the second quarter worth approximately $30,000. Westside Investment Management Inc. bought a new position in Guidewire Software during the 2nd quarter worth $32,000. Finally, Cornerstone Planning Group LLC increased its stake in Guidewire Software by 620.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 144 shares of the technology company’s stock worth $34,000 after acquiring an additional 124 shares during the period.

Wall Street Analyst Weigh In

GWRE has been the topic of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a report on Thursday, January 22nd. Zacks Research cut shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Citigroup increased their price objective on shares of Guidewire Software from $242.00 to $245.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Oppenheimer dropped their target price on shares of Guidewire Software from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Finally, Wall Street Zen lowered shares of Guidewire Software from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Eleven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Guidewire Software currently has an average rating of “Moderate Buy” and a consensus price target of $255.92.

Guidewire Software Stock Performance

Shares of Guidewire Software stock opened at $153.45 on Thursday. Guidewire Software, Inc. has a fifty-two week low of $120.37 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 firm has a market capitalization of $13.05 billion, a P/E ratio of 146.14, a P/E/G ratio of 9.79 and a beta of 1.06. The company’s 50 day moving average price is $156.32 and its two-hundred day moving average price is $201.52.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.66. Guidewire Software had a net margin of 7.23% and a return on equity of 10.15%. The company had revenue of $332.64 million during the quarter, compared to the consensus estimate of $316.62 million. During the same period in the prior year, the business earned $0.43 earnings per share. The company’s revenue for the quarter was up 26.5% compared to the same quarter last year. On average, equities analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Guidewire Software declared that its board has initiated a stock buyback plan 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 plans are typically a sign that the company’s board believes its shares are undervalued.

Insider Transactions at Guidewire Software

In other news, insider James Winston King sold 1,860 shares of the company’s 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 owned 33,702 shares of the company’s stock, valued at $6,571,890. This represents a 5.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President John P. Mullen sold 7,975 shares of the firm’s stock in a transaction that occurred 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 transaction, the president owned 141,983 shares of the company’s stock, valued at approximately $27,272,094.64. This trade represents a 5.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 42,760 shares of company stock worth $7,978,508 in the last 90 days. 0.46% of the stock is currently owned by company insiders.

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.