HRT Financial LLC Acquires New Holdings in Guidewire Software Inc (NYSE:GWRE)

HRT Financial LLC acquired a new stake in Guidewire Software Inc (NYSE:GWRE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,899 shares of the technology company’s stock, valued at approximately $232,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PointState Capital LP purchased a new position in Guidewire Software in the third quarter valued at about $82,090,000. Principal Financial Group Inc. increased its stake in shares of Guidewire Software by 43.4% during the 4th quarter. Principal Financial Group Inc. now owns 1,747,907 shares of the technology company’s stock worth $140,234,000 after purchasing an additional 528,721 shares in the last quarter. Riverbridge Partners LLC purchased a new position in shares of Guidewire Software during the 4th quarter worth approximately $37,523,000. Frontier Capital Management Co. LLC increased its stake in shares of Guidewire Software by 124.6% during the 4th quarter. Frontier Capital Management Co. LLC now owns 833,985 shares of the technology company’s stock worth $66,911,000 after purchasing an additional 462,707 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Guidewire Software by 1,793.5% during the 3rd quarter. Renaissance Technologies LLC now owns 466,400 shares of the technology company’s stock worth $47,111,000 after purchasing an additional 441,769 shares in the last quarter.

In other Guidewire Software news, CEO Marcus Ryu sold 20,000 shares of the stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $88.18, for a total value of $1,763,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Polelle sold 2,732 shares of the 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 owns 5,449 shares of the company’s stock, valued at approximately $516,020.30. The disclosure for this sale can be found here. Insiders have sold 70,350 shares of company stock valued at $6,557,323 over the last 90 days. 0.69% of the stock is currently owned by insiders.

Shares of Guidewire Software stock traded up $0.79 on Wednesday, hitting $104.75. The company had a trading volume of 332,700 shares, compared to its average volume of 820,367. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.45 and a quick ratio of 7.45. The stock has a market capitalization of $8.49 billion, a PE ratio of 1,163.89, a price-to-earnings-growth ratio of 30.13 and a beta of 1.27. Guidewire Software Inc has a 52 week low of $73.82 and a 52 week high of $107.79.

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

A number of brokerages have recently weighed in on GWRE. Piper Jaffray Companies cut shares of Guidewire Software from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $95.00 to $90.00 in a research note on Monday, March 4th. Goldman Sachs Group restated a “buy” rating on shares of Guidewire Software in a research report on Friday, February 1st. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $106.40.

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About Guidewire Software

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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