Guidewire Software, Inc. $GWRE Shares Sold by One Way Holdings LLC

One Way Holdings LLC decreased its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 49.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,466 shares of the technology company’s stock after selling 3,341 shares during the quarter. One Way Holdings LLC’s holdings in Guidewire Software were worth $494,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in Guidewire Software in the third quarter valued at $28,000. Fiduciary Financial Advisors bought a new stake in Guidewire Software during the 2nd quarter worth about $29,000. Silvant Capital Management LLC bought a new stake in Guidewire Software during the 2nd quarter worth about $33,000. Leonteq Securities AG bought a new stake in Guidewire Software during the 1st quarter worth about $36,000. Finally, Bogart Wealth LLC boosted its stake in shares of Guidewire Software by 127.8% during the 1st quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock worth $37,000 after buying an additional 138 shares during the last quarter.

Insider Buying and Selling at Guidewire Software

In other news, insider James King sold 9,187 shares of the business’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $168.00, for a total transaction of $1,543,416.00. Following the transaction, the insider directly owned 35,371 shares in the company, valued at $5,942,328. The trade was a 20.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President John P. Mullen sold 1,800 shares of the company’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $187.19, for a total transaction of $336,942.00. Following the completion of the sale, the president directly owned 176,447 shares in the company, valued at approximately $33,029,113.93. The trade was a 1.01% 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. Insiders sold a total of 209,135 shares of company stock worth $31,776,209 over the last quarter. 0.50% of the stock is currently owned by insiders.

Guidewire Software Trading Down 0.2%

NYSE GWRE opened at $162.25 on Tuesday. Guidewire Software, Inc. has a 12 month low of $102.30 and a 12 month high of $231.85. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.57. The stock has a 50 day moving average of $166.47 and a 200-day moving average of $149.26. The company has a market cap of $13.51 billion, a PE ratio of 99.54 and a beta of 1.02.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The business had revenue of $411.09 million for the quarter, compared to the consensus estimate of $402.61 million. During the same period in the previous year, the company earned $0.84 earnings per share. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, equities research analysts anticipate that Guidewire Software, Inc. will post 2.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GWRE shares. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a research note on Monday, August 31st. Guggenheim lifted their target price on Guidewire Software from $180.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. DA Davidson reaffirmed a “buy” rating and issued a $222.00 target price on shares of Guidewire Software in a research report on Friday, October 2nd. Oppenheimer upped their target price on Guidewire Software from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, September 4th. Finally, Citigroup increased their price target on Guidewire Software from $137.00 to $181.00 and gave the company a “neutral” rating in a research report on Friday, September 4th. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $216.23.

Guidewire Software Profile

Guidewire Software, Inc provides cloud-based software designed for the property and casualty insurance industry. Its platform helps insurers manage core operations, including policy administration, billing, claims management, underwriting, and digital customer engagement.

The company’s principal offerings include InsuranceSuite, which incorporates PolicyCenter, BillingCenter, and ClaimCenter, as well as products for insurance data management, analytics, digital experiences, and application development.