Element Wealth LLC acquired a new position in shares of Guidewire Software, Inc. (NYSE:GWRE – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 1,296 shares of the technology company’s stock, valued at approximately $237,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in GWRE. Rothschild Investment LLC purchased a new position in Guidewire Software during the 2nd quarter worth approximately $31,000. ORG Partners LLC acquired a new stake in shares of Guidewire Software in the first quarter valued at approximately $29,000. DT Investment Partners LLC purchased a new position in shares of Guidewire Software during the second quarter worth approximately $41,000. Lynx Investment Advisory acquired a new position in shares of Guidewire Software in the 2nd quarter valued at $41,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Guidewire Software in the 2nd quarter valued at $55,000.
Insider Buying and Selling
In other news, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total transaction of $201,190.50. Following the completion of the sale, the insider now directly owns 137,821 shares of the company’s stock, valued at $20,539,463.63. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total transaction of $201,190.50. Following the completion of the sale, the insider now directly owns 137,821 shares of the company’s stock, valued at approximately $20,539,463.63. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James Winston King sold 4,514 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $172.66, for a total value of $779,387.24. Following the sale, the insider now owns 48,237 shares in the company, valued at approximately $8,328,600.42. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,601 shares of company stock worth $9,050,448. 0.38% of the stock is owned by insiders.
Guidewire Software Stock Up 0.6 %
Guidewire Software (NYSE:GWRE – Get Free Report) last released its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.08. The company had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. Guidewire Software’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 earnings per share. Equities analysts anticipate that Guidewire Software, Inc. will post 0.53 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research analysts have commented on GWRE shares. Citigroup lifted their price objective on shares of Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, October 11th. Wells Fargo & Company increased their price objective on Guidewire Software from $200.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. BTIG Research boosted their target price on Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Guidewire Software from $170.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $178.62.
Check Out Our Latest Report on GWRE
Guidewire Software Profile
Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.
Read More
- Five stocks we like better than Guidewire Software
- How to Capture the Benefits of Dividend Increases
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
- 5 Top Rated Dividend Stocks to Consider
- The Downtrend in UPS Stock Isn’t Over Yet
Want to see what other hedge funds are holding GWRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Guidewire Software, Inc. (NYSE:GWRE – Free Report).
Receive News & Ratings for Guidewire Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Guidewire Software and related companies with MarketBeat.com's FREE daily email newsletter.