4,138 Shares in Guidewire Software, Inc. $GWRE Purchased by Krilogy Financial LLC

Krilogy Financial LLC purchased a new position in Guidewire Software, Inc. (NYSE:GWRE) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,138 shares of the technology company’s stock, valued at approximately $911,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Baader Bank Aktiengesellschaft purchased a new position in Guidewire Software during the third quarter worth approximately $410,000. Navellier & Associates Inc. lifted its position in shares of Guidewire Software by 1.0% during the third quarter. Navellier & Associates Inc. now owns 35,094 shares of the technology company’s stock worth $8,067,000 after purchasing an additional 363 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in Guidewire Software by 153.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 2,831 shares of the technology company’s stock valued at $651,000 after purchasing an additional 1,716 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Guidewire Software by 2.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 51,659 shares of the technology company’s stock worth $11,874,000 after buying an additional 1,132 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Guidewire Software by 9.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 624 shares of the technology company’s stock valued at $145,000 after buying an additional 53 shares during the last quarter.

Guidewire Software Stock Up 1.3%

GWRE opened at $126.97 on Friday. The stock’s 50 day moving average price is $173.13 and its 200 day moving average price is $209.05. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.48 and a quick ratio of 3.48. The stock has a market cap of $10.80 billion, a P/E ratio of 120.93, a P/E/G ratio of 8.08 and a beta of 1.06. Guidewire Software, Inc. has a 12 month low of $121.88 and a 12 month high of $272.60.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Wednesday, December 3rd. The technology company reported $0.66 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.66. The business had revenue of $332.64 million for the quarter, compared to analysts’ expectations of $316.62 million. Guidewire Software had a net margin of 7.23% and a return on equity of 10.15%. The company’s revenue was up 26.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 earnings per share. As a group, research analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Guidewire Software declared that its Board of Directors has authorized a share buyback program on Thursday, January 8th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 3.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have weighed in on GWRE shares. Citizens Jmp restated a “market outperform” rating and set a $281.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 10th. Citigroup increased their target price on Guidewire Software from $242.00 to $245.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. Wall Street Zen lowered Guidewire Software from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a report on Thursday, January 22nd. Finally, Wells Fargo & Company lowered their target price on Guidewire Software from $250.00 to $210.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Twelve equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Guidewire Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.64.

Insiders Place Their Bets

In other news, CFO Jeffrey Elliott Cooper sold 216 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $180.87, for a total transaction of $39,067.92. Following the completion of the transaction, the chief financial officer owned 72,753 shares in the company, valued at approximately $13,158,835.11. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider James Winston King sold 1,860 shares of the stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $195.00, for a total transaction of $362,700.00. Following the sale, the insider directly owned 33,702 shares of the company’s stock, valued at approximately $6,571,890. This represents a 5.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 46,958 shares of company stock worth $9,103,787. 0.46% of the stock is owned by corporate insiders.

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.