Stevens Capital Management LP Takes $1.09 Million Position in Guidewire Software Inc (GWRE)

Stevens Capital Management LP bought a new position in Guidewire Software Inc (NYSE:GWRE) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 11,186 shares of the technology company’s stock, valued at approximately $1,087,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Tompkins Financial Corp purchased a new position in shares of Guidewire Software in the fourth quarter worth approximately $29,000. Captrust Financial Advisors purchased a new position in shares of Guidewire Software in the fourth quarter worth approximately $41,000. Rehmann Capital Advisory Group increased its position in shares of Guidewire Software by 62.7% in the fourth quarter. Rehmann Capital Advisory Group now owns 581 shares of the technology company’s stock worth $47,000 after acquiring an additional 224 shares in the last quarter. Bremer Trust National Association purchased a new position in shares of Guidewire Software in the fourth quarter worth approximately $53,000. Finally, Parkside Financial Bank & Trust purchased a new position in shares of Guidewire Software in the fourth quarter worth approximately $54,000.

Shares of GWRE opened at $103.36 on Wednesday. Guidewire Software Inc has a 52 week low of $73.82 and a 52 week high of $108.05. The company has a market cap of $8.28 billion, a P/E ratio of 1,148.44, a P/E/G ratio of 29.97 and a beta of 1.28. The company has a current ratio of 7.45, a quick ratio of 7.45 and a debt-to-equity ratio of 0.21.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Wednesday, March 6th. The technology company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.15. Guidewire Software had a net margin of 5.56% and a return on equity of 3.59%. The firm had revenue of $169.30 million for the quarter, compared to the consensus estimate of $159.73 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. On average, equities research analysts predict that Guidewire Software Inc will post 0.42 EPS for the current year.

In other Guidewire Software news, CEO Marcus Ryu sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $105.46, for a total value of $2,109,200.00. Following the completion of the sale, the chief executive officer now directly owns 22,404 shares of the company’s stock, valued at $2,362,725.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Polelle sold 2,732 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $94.70, for a total transaction of $258,720.40. Following the completion of the sale, the insider now directly owns 5,449 shares of the company’s stock, valued at $516,020.30. The disclosure for this sale can be found here. Insiders sold 70,350 shares of company stock valued at $6,902,923 over the last three months. Insiders own 0.69% of the company’s stock.

Several research firms have recently weighed in on GWRE. Zacks Investment Research downgraded shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Piper Jaffray Companies downgraded shares of Guidewire Software from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $95.00 to $90.00 in a research report on Monday, March 4th. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of Guidewire Software in a research report on Friday, February 1st. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $106.40.

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Guidewire Software Company Profile

Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform, which offers policy, billing, and claims management functionality to insurers that prefer to subscribe to a cloud-based solution.

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Institutional Ownership by Quarter for Guidewire Software (NYSE:GWRE)

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