Quantinno Capital Management LP Raises Stock Position in Guidewire Software, Inc. $GWRE

Quantinno Capital Management LP raised its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 558.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 469,374 shares of the technology company’s stock after purchasing an additional 398,043 shares during the period. Quantinno Capital Management LP’s holdings in Guidewire Software were worth $70,200,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of GWRE. Castleark Management LLC increased its stake in shares of Guidewire Software by 1.6% during the first quarter. Castleark Management LLC now owns 5,180 shares of the technology company’s stock worth $775,000 after purchasing an additional 80 shares in the last quarter. Weiss Asset Management LP purchased a new position in Guidewire Software in the 1st quarter valued at about $6,087,000. M.D. Sass LLC lifted its stake in Guidewire Software by 71.5% in the 1st quarter. M.D. Sass LLC now owns 55,208 shares of the technology company’s stock valued at $8,257,000 after buying an additional 23,022 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Guidewire Software by 42.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 598,396 shares of the technology company’s stock worth $89,496,000 after buying an additional 177,672 shares during the last quarter. Finally, Caxton Associates LLP acquired a new stake in Guidewire Software in the 1st quarter worth about $299,000.

Insider Buying and Selling

In other news, insider James Winston King sold 1,684 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $130.64, for a total value of $219,997.76. Following the completion of the sale, the insider directly owned 30,018 shares in the company, valued at $3,921,551.52. This represents a 5.31% decrease in their ownership of the stock. 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, CFO Jeffrey Elliott Cooper sold 1,348 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $105.67, for a total value of $142,443.16. Following the completion of the sale, the chief financial officer directly owned 62,119 shares of the company’s stock, valued at approximately $6,564,114.73. This represents a 2.12% 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 have sold 30,193 shares of company stock valued at $3,797,922 over the last ninety days. 0.46% of the stock is currently owned by company insiders.

Guidewire Software Stock Performance

GWRE opened at $159.15 on Wednesday. Guidewire Software, Inc. has a twelve month low of $102.30 and a twelve month high of $272.60. The firm has a market capitalization of $13.25 billion, a PE ratio of 86.02 and a beta of 0.95. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.51. The firm’s 50-day moving average price is $133.50 and its 200 day moving average price is $140.90.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $355.92 million. During the same quarter in the prior year, the firm earned $0.88 EPS. Guidewire Software’s quarterly revenue was up 26.9% on a year-over-year basis. As a group, sell-side analysts expect that Guidewire Software, Inc. will post 1.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on GWRE shares. Oppenheimer cut their price objective on Guidewire Software from $250.00 to $180.00 and set an “outperform” rating for the company in a research note on Monday, May 18th. Zacks Research downgraded Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Wells Fargo & Company lowered their price target on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a research note on Friday, June 5th. DA Davidson dropped their price target on Guidewire Software from $246.00 to $222.00 and set a “buy” rating for the company in a research report on Monday, June 8th. Finally, JPMorgan Chase & Co. reduced their price objective on Guidewire Software from $300.00 to $258.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Guidewire Software presently has an average rating of “Moderate Buy” and a consensus price target of $221.00.

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.