Hsbc Holdings PLC Has $1.46 Million Stock Position in Guidewire Software, Inc. $GWRE

Hsbc Holdings PLC lowered its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 73.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,237 shares of the technology company’s stock after selling 20,112 shares during the period. Hsbc Holdings PLC’s holdings in Guidewire Software were worth $1,460,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Advisors Asset Management Inc. acquired a new stake in shares of Guidewire Software in the first quarter valued at about $25,000. Measured Wealth Private Client Group LLC bought a new stake in Guidewire Software in the third quarter valued at approximately $29,000. Flagship Harbor Advisors LLC bought a new stake in Guidewire Software in the fourth quarter valued at approximately $36,000. Harbour Investments Inc. increased its position in Guidewire Software by 83.0% during the 4th quarter. Harbour Investments Inc. now owns 247 shares of the technology company’s stock valued at $50,000 after purchasing an additional 112 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new stake in Guidewire Software during the 4th quarter valued at approximately $76,000.

Insider Transactions at Guidewire Software

In other news, insider James Winston King sold 1,684 shares of the company’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $130.64, for a total transaction of $219,997.76. Following the transaction, the insider owned 30,018 shares in the company, valued at approximately $3,921,551.52. This represents a 5.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael George Rosenbaum sold 1,200 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $131.63, for a total value of $157,956.00. Following the completion of the transaction, the chief executive officer owned 196,176 shares in the company, valued at approximately $25,822,646.88. The trade was a 0.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 31,393 shares of company stock valued at $3,936,918. 0.46% of the stock is owned by insiders.

Guidewire Software Trading Up 1.0%

Shares of Guidewire Software stock traded up $1.40 on Friday, reaching $136.45. 1,136,677 shares of the company’s stock were exchanged, compared to its average volume of 1,746,988. The company has a market capitalization of $11.36 billion, a P/E ratio of 73.76 and a beta of 0.95. Guidewire Software, Inc. has a 52 week low of $102.30 and a 52 week high of $272.60. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44. The firm’s 50-day moving average is $131.21 and its two-hundred day moving average is $145.94.

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

Analyst Ratings Changes

GWRE has been the topic of a number of recent analyst reports. BTIG Research restated a “buy” rating and issued a $175.00 price target on shares of Guidewire Software in a research report on Thursday, July 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, June 3rd. Stifel Nicolaus dropped their target price on shares of Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a report on Friday, June 5th. Zacks Research cut shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Finally, The Goldman Sachs Group decreased their price target on Guidewire Software from $255.00 to $225.00 and set a “buy” rating for the company in a report on Friday, June 5th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $221.36.

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.