Landscape Capital Management L.L.C. Invests $527,000 in Guidewire Software, Inc. $GWRE

Landscape Capital Management L.L.C. purchased a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 4,281 shares of the technology company’s stock, valued at approximately $527,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Comerica Bank boosted its holdings in Guidewire Software by 52.0% in the 4th quarter. Comerica Bank now owns 78,659 shares of the technology company’s stock valued at $15,811,000 after purchasing an additional 26,912 shares during the last quarter. Stephens Investment Management Group LLC grew its stake in shares of Guidewire Software by 3.0% in the 1st quarter. Stephens Investment Management Group LLC now owns 524,818 shares of the technology company’s stock valued at $78,492,000 after buying an additional 15,260 shares during the period. Principal Financial Group Inc. grew its stake in shares of Guidewire Software by 547.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company’s stock valued at $176,537,000 after buying an additional 997,992 shares during the period. Geode Capital Management LLC increased its holdings in shares of Guidewire Software by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock worth $357,504,000 after buying an additional 145,924 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Guidewire Software during the 4th quarter worth approximately $5,837,000.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GWRE. DA Davidson reduced their price target on shares of Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, June 8th. Royal Bank Of Canada lowered their price objective on Guidewire Software from $250.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, June 5th. Guggenheim assumed coverage on Guidewire Software in a research note on Thursday, July 23rd. They set a “buy” rating and a $180.00 target price for the company. BTIG Research restated a “buy” rating and issued a $175.00 target price on shares of Guidewire Software in a research report on Thursday, July 2nd. Finally, Wells Fargo & Company decreased 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $221.64.

Guidewire Software Price Performance

Guidewire Software stock opened at $189.19 on Monday. The company’s 50 day simple moving average is $144.61 and its 200-day simple moving average is $141.89. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44. Guidewire Software, Inc. has a 1 year low of $102.30 and a 1 year high of $272.60. The company has a market capitalization of $15.75 billion, a price-to-earnings ratio of 102.26 and a beta of 0.92.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, topping 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 firm had revenue of $372.54 million during the quarter, compared to analysts’ expectations of $355.92 million. During the same quarter last year, the company posted $0.88 EPS. The firm’s quarterly revenue was up 26.9% on a year-over-year basis. As a group, equities research analysts expect that Guidewire Software, Inc. will post 1.83 earnings per share for the current year.

Insider Transactions at Guidewire Software

In other news, CFO Jeffrey Elliott Cooper sold 2,594 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 value of $308,011.56. Following the completion of the sale, the chief financial officer directly owned 63,467 shares of the company’s stock, 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 SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Michael George Rosenbaum sold 5,830 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $118.74, for a total value of $692,254.20. Following the completion of the sale, the chief executive officer owned 199,776 shares in the company, valued at $23,721,402.24. This represents a 2.84% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 44,593 shares of company stock valued at $6,572,106 over the last three months. 0.46% of the stock is currently owned by company 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.