Two Sigma Securities LLC Acquires Shares of 4,027 Guidewire Software, Inc. $GWRE

Two Sigma Securities LLC bought a new position in Guidewire Software, Inc. (NYSE:GWRE) in the 2nd quarter, HoldingsChannel reports. The fund bought 4,027 shares of the technology company’s stock, valued at approximately $496,000.

A number of other institutional investors have also made changes to their positions in GWRE. Measured Wealth Private Client Group LLC acquired a new stake in shares of Guidewire Software during the 3rd quarter valued at approximately $29,000. Advisors Asset Management Inc. acquired a new position in Guidewire Software in the first quarter worth $25,000. Fiduciary Financial Advisors acquired a new position in Guidewire Software in the second quarter worth $29,000. Leonteq Securities AG acquired a new position in Guidewire Software in the first quarter worth $36,000. Finally, Bogart Wealth LLC increased its stake in Guidewire Software by 127.8% during the first quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock valued at $37,000 after purchasing an additional 138 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts have recently commented on GWRE shares. Guggenheim lifted their price target on shares of Guidewire Software from $180.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Piper Sandler started coverage on shares of Guidewire Software in a research note on Monday, August 10th. They set an “overweight” rating and a $210.00 price objective on the stock. DA Davidson cut their target price on shares of Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a report on Monday, June 8th. JPMorgan Chase & Co. lowered their target price on Guidewire Software from $300.00 to $258.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Finally, Wells Fargo & Company dropped their price target on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Friday, June 5th. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Guidewire Software has a consensus rating of “Moderate Buy” and an average price target of $223.93.

Insiders Place Their Bets

In other news, President John P. Mullen sold 14,400 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $185.00, for a total transaction of $2,664,000.00. Following the completion of the transaction, the president directly owned 116,715 shares in the company, valued at approximately $21,592,275. The trade was a 10.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider James Winston King sold 1,684 shares of the stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $130.64, for a total value of $219,997.76. Following the completion of the transaction, the insider directly owned 30,018 shares of the company’s stock, valued at $3,921,551.52. This trade represents a 5.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 47,093 shares of company stock worth $7,185,902. 0.46% of the stock is currently owned by corporate insiders.

Guidewire Software Stock Down 4.4%

GWRE stock opened at $192.33 on Thursday. The stock has a market cap of $16.01 billion, a PE ratio of 103.96 and a beta of 0.97. The firm’s 50-day simple moving average is $158.37 and its 200 day simple moving average is $145.73. Guidewire Software, Inc. has a fifty-two week low of $102.30 and a fifty-two week high of $272.60. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The firm had revenue of $372.54 million during the quarter, compared to analyst estimates of $355.92 million. During the same period in the previous year, the business posted $0.88 EPS. Guidewire Software’s revenue was up 26.9% on a year-over-year basis. As a group, sell-side analysts predict that Guidewire Software, Inc. will post 1.83 EPS for the current year.

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.