Guidewire Software, Inc. $GWRE Position Lifted by Anabranch Capital Management LP

Anabranch Capital Management LP boosted its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 276.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 124,645 shares of the technology company’s stock after buying an additional 91,552 shares during the period. Guidewire Software makes up about 16.8% of Anabranch Capital Management LP’s investment portfolio, making the stock its 5th largest position. Anabranch Capital Management LP’s holdings in Guidewire Software were worth $25,055,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of GWRE. Advisors Asset Management Inc. purchased a new position in Guidewire Software in the first quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC purchased a new position in Guidewire Software in the third quarter valued at approximately $29,000. Flagship Harbor Advisors LLC purchased a new position in Guidewire Software in the fourth quarter valued at approximately $36,000. Harbour Investments Inc. raised its holdings in Guidewire Software by 83.0% in the fourth quarter. Harbour Investments Inc. now owns 247 shares of the technology company’s stock valued at $50,000 after buying an additional 112 shares during the period. Finally, Clearstead Advisors LLC raised its holdings in Guidewire Software by 82.4% in the third quarter. Clearstead Advisors LLC now owns 270 shares of the technology company’s stock valued at $62,000 after buying an additional 122 shares during the period.

Analyst Ratings Changes

Several research firms recently commented on GWRE. DA Davidson cut their price target 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. Citizens Jmp cut their price target on shares of Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating on the stock in a report on Friday, June 5th. Wells Fargo & Company cut their price target on shares of Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Friday, June 5th. Stifel Nicolaus cut their price target 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. Finally, Royal Bank Of Canada cut their price target on shares of Guidewire Software from $250.00 to $215.00 and set an “outperform” rating on the stock in a report on Friday, June 5th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Guidewire Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $229.00.

Guidewire Software Trading Down 2.1%

GWRE opened at $117.50 on Wednesday. The firm has a market capitalization of $9.78 billion, a P/E ratio of 63.51 and a beta of 0.93. The firm’s 50 day moving average is $136.21 and its 200-day moving average is $155.98. Guidewire Software, Inc. has a 52-week low of $113.67 and a 52-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 quarterly earnings data 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. The company had revenue of $372.54 million for the quarter, compared to analyst estimates of $355.92 million. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The business’s quarterly revenue was up 26.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 earnings per share. Analysts expect that Guidewire Software, Inc. will post 1.83 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Jeffrey Elliott Cooper sold 2,594 shares of Guidewire Software stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $118.74, for a total value of $308,011.56. Following the completion of the sale, the chief financial officer owned 63,467 shares in the company, valued at approximately $7,536,071.58. The trade was a 3.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO David Franklin Peterson sold 246 shares of Guidewire Software stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $118.74, for a total transaction of $29,210.04. Following the completion of the sale, the chief accounting officer owned 12,287 shares of the company’s stock, valued at approximately $1,458,958.38. This trade represents a 1.96% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 28,361 shares of company stock valued at $3,657,757. 0.46% of the stock is owned by insiders.

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.