Thompson Siegel & Walmsley LLC Boosts Stock Position in Guidewire Software, Inc. $GWRE

Thompson Siegel & Walmsley LLC grew its stake in Guidewire Software, Inc. (NYSE:GWRE) by 10.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,200 shares of the technology company’s stock after purchasing an additional 3,600 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Guidewire Software were worth $7,679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd grew its position in shares of Guidewire Software by 901.1% in the third quarter. Dynamic Technology Lab Private Ltd now owns 9,110 shares of the technology company’s stock valued at $2,094,000 after purchasing an additional 8,200 shares in the last quarter. Comerica Bank grew its position in shares of Guidewire Software by 52.0% in the fourth quarter. Comerica Bank now owns 78,659 shares of the technology company’s stock valued at $15,811,000 after purchasing an additional 26,912 shares in the last quarter. BDF Gestion purchased a new stake in shares of Guidewire Software in the fourth quarter valued at approximately $1,803,000. American Century Companies Inc. grew its position in shares of Guidewire Software by 3.4% in the third quarter. American Century Companies Inc. now owns 520,390 shares of the technology company’s stock valued at $119,617,000 after purchasing an additional 17,104 shares in the last quarter. Finally, Fieldview Capital Management LLC purchased a new stake in shares of Guidewire Software in the third quarter valued at approximately $2,862,000.

Guidewire Software Trading Up 12.6%

NYSE:GWRE opened at $171.98 on Tuesday. The firm has a market cap of $14.56 billion, a PE ratio of 78.17 and a beta of 0.93. The stock has a fifty day moving average price of $140.20 and a 200 day moving average price of $162.43. Guidewire Software, Inc. has a 12-month low of $115.57 and a 12-month high of $272.60. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 0.45.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, March 5th. The technology company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.40. The firm had revenue of $359.10 million during the quarter, compared to analyst estimates of $342.88 million. Guidewire Software had a return on equity of 13.44% and a net margin of 14.11%.Guidewire Software’s revenue was up 24.0% compared to the same quarter last year. During the same period last year, the business posted $0.51 earnings per share. Sell-side analysts anticipate that Guidewire Software, Inc. will post 1.84 earnings per share for the current fiscal year.

Insider Transactions at Guidewire Software

In other Guidewire Software news, CAO David Franklin Peterson sold 273 shares of Guidewire Software stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $163.86, for a total transaction of $44,733.78. Following the completion of the sale, the chief accounting officer directly owned 12,533 shares of the company’s stock, valued at $2,053,657.38. The trade was a 2.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $138.51, for a total value of $166,212.00. Following the sale, the chief executive officer directly owned 209,206 shares of the company’s stock, valued at $28,977,123.06. This trade represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 32,479 shares of company stock valued at $5,024,174 over the last ninety days. 0.46% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on GWRE shares. Oppenheimer lowered their price objective on Guidewire Software from $250.00 to $180.00 and set an “outperform” rating for the company in a research report on Monday, May 18th. Royal Bank Of Canada reduced their target price on Guidewire Software from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, March 6th. Stifel Nicolaus lowered their price target on Guidewire Software from $300.00 to $250.00 and set a “buy” rating for the company in a report on Friday, March 6th. Wells Fargo & Company lowered their price target on Guidewire Software from $250.00 to $210.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Finally, BTIG Research increased their price target on Guidewire Software from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Eleven analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Guidewire Software has a consensus rating of “Moderate Buy” and a consensus target price of $244.46.

Guidewire Software 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.