Scholtz & Company LLC Lowers Stake in Guidewire Software Inc (NYSE:GWRE)

Scholtz & Company LLC cut its holdings in Guidewire Software Inc (NYSE:GWRE) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,605 shares of the technology company’s stock after selling 668 shares during the period. Guidewire Software comprises approximately 2.0% of Scholtz & Company LLC’s portfolio, making the stock its 20th biggest holding. Scholtz & Company LLC’s holdings in Guidewire Software were worth $2,295,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Hawaiian Bank raised its position in shares of Guidewire Software by 17.1% during the 4th quarter. First Hawaiian Bank now owns 1,095 shares of the technology company’s stock valued at $88,000 after buying an additional 160 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Guidewire Software by 2.1% in the fourth quarter. State of Alaska Department of Revenue now owns 10,004 shares of the technology company’s stock worth $802,000 after purchasing an additional 207 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Guidewire Software by 3.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,199 shares of the technology company’s stock valued at $497,000 after purchasing an additional 229 shares during the period. Tompkins Financial Corp acquired a new position in shares of Guidewire Software during the fourth quarter worth approximately $29,000. Finally, McCollum Christoferson Group LLC grew its holdings in shares of Guidewire Software by 1.1% during the fourth quarter. McCollum Christoferson Group LLC now owns 50,767 shares of the technology company’s stock worth $4,073,000 after purchasing an additional 542 shares during the last quarter.

GWRE stock opened at $92.63 on Thursday. The firm has a market cap of $7.56 billion, a price-to-earnings ratio of 1,029.22, a price-to-earnings-growth ratio of 39.51 and a beta of 1.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 8.40 and a quick ratio of 8.40. Guidewire Software Inc has a 1-year low of $73.82 and a 1-year high of $107.79.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Tuesday, December 4th. The technology company reported $0.15 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.18. Guidewire Software had a negative net margin of 0.72% and a positive return on equity of 3.24%. The business had revenue of $179.70 million during the quarter, compared to the consensus estimate of $162.24 million. During the same quarter in the prior year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was up 66.1% compared to the same quarter last year. Equities research analysts predict that Guidewire Software Inc will post 0.3 earnings per share for the current fiscal year.

GWRE has been the subject of several analyst reports. Goldman Sachs Group reaffirmed a “buy” rating on shares of Guidewire Software in a report on Friday, February 1st. Zacks Investment Research upgraded Guidewire Software from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a report on Monday, December 10th. Citigroup lowered their price objective on Guidewire Software from $101.00 to $98.00 and set a “neutral” rating on the stock in a research report on Thursday, December 6th. DA Davidson set a $118.00 price target on shares of Guidewire Software and gave the company a “buy” rating in a report on Wednesday, December 5th. Finally, ValuEngine raised shares of Guidewire Software from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 1st. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $108.40.

In related news, CEO Marcus Ryu sold 20,000 shares of the firm’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $92.95, for a total value of $1,859,000.00. Following the transaction, the chief executive officer now owns 20,276 shares in the company, valued at $1,884,654.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Craig Conway sold 400 shares of Guidewire Software stock in a transaction that occurred on Monday, December 17th. The shares were sold at an average price of $82.30, for a total value of $32,920.00. Following the completion of the sale, the director now directly owns 11,503 shares in the company, valued at approximately $946,696.90. The disclosure for this sale can be found here. Insiders sold 79,223 shares of company stock valued at $6,766,098 over the last three months. 0.69% of the stock is owned by company insiders.

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Guidewire Software 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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