Cetera Investment Advisers grew its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 22.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,292 shares of the technology company's stock after purchasing an additional 3,883 shares during the period. Cetera Investment Advisers' holdings in Guidewire Software were worth $3,589,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Ossiam purchased a new stake in Guidewire Software in the fourth quarter valued at $29,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Guidewire Software by 101.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after buying an additional 99 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in shares of Guidewire Software in the fourth quarter worth about $34,000. R Squared Ltd acquired a new stake in Guidewire Software during the fourth quarter worth about $47,000. Finally, Tobam acquired a new stake in Guidewire Software during the fourth quarter worth about $52,000.
Insider Transactions at Guidewire Software
In related news, Director Michael C. Keller sold 1,848 shares of Guidewire Software stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $185.03, for a total transaction of $341,935.44. Following the transaction, the director now owns 12,270 shares in the company, valued at approximately $2,270,318.10. This trade represents a 13.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $208.36, for a total value of $291,704.00. Following the transaction, the chief executive officer now directly owns 252,993 shares in the company, valued at $52,713,621.48. This trade represents a 0.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,371 shares of company stock valued at $6,207,005 over the last 90 days. 0.48% of the stock is currently owned by corporate insiders.
Guidewire Software Price Performance
Guidewire Software stock traded down $1.69 during midday trading on Monday, reaching $215.34. The company had a trading volume of 526,751 shares, compared to its average volume of 924,050. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. Guidewire Software, Inc. has a 12-month low of $107.65 and a 12-month high of $219.59. The company has a market capitalization of $18.06 billion, a P/E ratio of 598.17, a P/E/G ratio of 37.21 and a beta of 1.18. The firm's fifty day simple moving average is $195.22 and its 200-day simple moving average is $192.64.
Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The firm had revenue of $289.48 million during the quarter, compared to analysts' expectations of $285.74 million. As a group, equities analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current year.
Analysts Set New Price Targets
GWRE has been the topic of several recent research reports. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. Robert W. Baird increased their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. The Goldman Sachs Group raised their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $206.08.
Get Our Latest Research Report on Guidewire Software
Guidewire Software Company Profile
(
Free Report)
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.
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