Sculptor Capital LP Makes New Investment in Guidewire Software, Inc. $GWRE

Sculptor Capital LP acquired a new stake in Guidewire Software, Inc. (NYSE:GWRE) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 446,500 shares of the technology company’s stock, valued at approximately $54,942,000. Sculptor Capital LP owned approximately 0.54% of Guidewire Software as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Advisors Asset Management Inc. acquired a new stake in Guidewire Software in the first quarter worth $25,000. Fiduciary Financial Advisors acquired a new position in shares of Guidewire Software during the second quarter valued at about $29,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Guidewire Software during the third quarter valued at about $29,000. Silvant Capital Management LLC bought a new position in shares of Guidewire Software during the 2nd quarter worth about $33,000. Finally, Leonteq Securities AG bought a new position in shares of Guidewire Software during the 1st quarter worth about $36,000.

Insider Transactions at Guidewire Software

In related news, insider James Winston King sold 1,684 shares of the company’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $130.64, for a total transaction of $219,997.76. Following the completion of the sale, 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 filing with the SEC, which can be accessed 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 company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $187.82, for a total value of $225,384.00. Following the sale, the chief executive officer owned 187,776 shares of the company’s stock, valued at $35,268,088.32. This trade represents a 0.64% decrease in their position. 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 44,593 shares of company stock valued at $6,631,278 over the last ninety days. 0.46% of the stock is currently owned by insiders.

Guidewire Software Trading Down 1.6%

GWRE opened at $188.77 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.44. Guidewire Software, Inc. has a fifty-two week low of $102.30 and a fifty-two week high of $272.60. The firm has a market capitalization of $15.72 billion, a PE ratio of 102.04 and a beta of 0.92. The company’s 50-day moving average is $147.47 and its 200 day moving average is $142.73.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results 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. The business had revenue of $372.54 million for the quarter, compared to analysts’ expectations of $355.92 million. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The firm’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.88 EPS. As a group, research analysts predict that Guidewire Software, Inc. will post 1.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GWRE shares. Piper Sandler started coverage on Guidewire Software in a research note on Monday, August 10th. They set an “overweight” rating and a $210.00 price target on the stock. The Goldman Sachs Group reduced their price objective on Guidewire Software from $255.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, June 5th. JPMorgan Chase & Co. decreased their price objective on Guidewire Software from $300.00 to $258.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Oppenheimer boosted their price objective on Guidewire Software from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, August 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $221.64.

About Guidewire Software

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.