Two Sigma Securities LLC Invests $496,000 in Guidewire Software, Inc. $GWRE

Two Sigma Securities LLC bought a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 4,027 shares of the technology company’s stock, valued at approximately $496,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bamco Inc. NY acquired a new position in Guidewire Software during the second quarter valued at approximately $1,106,768,000. Linonia Partnership LP acquired a new stake in shares of Guidewire Software in the second quarter worth $853,165,000. Route One Investment Company L.P. acquired a new position in shares of Guidewire Software during the 2nd quarter valued at $227,564,000. Geode Capital Management LLC lifted 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 valued at $357,504,000 after acquiring an additional 145,924 shares in the last quarter. Finally, Stockbridge Partners LLC boosted its position in Guidewire Software by 39.0% during the 4th quarter. Stockbridge Partners LLC now owns 1,445,206 shares of the technology company’s stock worth $290,501,000 after purchasing an additional 405,850 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have commented on GWRE. Wells Fargo & Company cut their price objective on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Friday, June 5th. Royal Bank Of Canada lowered their target price on Guidewire Software from $250.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday, June 5th. JPMorgan Chase & Co. reduced their price target on Guidewire Software from $300.00 to $258.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. Zacks Research cut Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Finally, Stifel Nicolaus dropped their price objective on shares of Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, June 5th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $223.93.

Insider Buying and Selling

In other news, CFO Jeffrey Elliott Cooper sold 2,594 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $118.74, for a total transaction of $308,011.56. Following the completion of the sale, the chief financial officer owned 63,467 shares of the company’s stock, valued at approximately $7,536,071.58. This trade represents a 3.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider James Winston King sold 1,684 shares of Guidewire Software 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 of the company’s stock, valued at approximately $3,921,551.52. This trade represents a 5.31% 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. Insiders sold a total of 47,093 shares of company stock worth $7,185,902 over the last 90 days. 0.46% of the stock is currently owned by corporate insiders.

Guidewire Software Stock Down 4.4%

Shares of Guidewire Software stock opened at $192.33 on Thursday. 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 $16.01 billion, a PE ratio of 103.96 and a beta of 0.97. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.44. The business has a 50-day moving average of $158.37 and a 200-day moving average of $145.73.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The business had revenue of $372.54 million for the quarter, compared to analysts’ expectations of $355.92 million. During the same quarter in the previous year, the firm posted $0.88 earnings per share. The company’s revenue was up 26.9% compared to the same quarter last year. As a group, equities analysts forecast that Guidewire Software, Inc. will post 1.83 EPS for the current fiscal year.

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.