1,157 Shares in Guidewire Software, Inc. (NYSE:GWRE) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,157 shares of the technology company's stock, valued at approximately $217,000.

Other large investors have also recently added to or reduced their stakes in the company. Ossiam bought a new stake in Guidewire Software during the fourth quarter worth about $29,000. MassMutual Private Wealth & Trust FSB grew its stake in Guidewire Software by 70.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock worth $32,000 after buying an additional 70 shares during the last quarter. Dunhill Financial LLC bought a new stake in Guidewire Software during the first quarter worth about $33,000. Cullen Frost Bankers Inc. bought a new stake in Guidewire Software during the fourth quarter worth about $34,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Guidewire Software by 101.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock worth $34,000 after buying an additional 99 shares during the last quarter.

Insider Activity

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $184.41, for a total value of $258,174.00. Following the completion of the sale, the chief executive officer now owns 259,993 shares of the company's stock, valued at $47,945,309.13. The trade was a 0.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael C. Keller sold 1,000 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $237.53, for a total transaction of $237,530.00. Following the completion of the sale, the director now directly owns 10,410 shares of the company's stock, valued at $2,472,687.30. This represents a 8.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,160 shares of company stock valued at $3,779,767 in the last quarter. Company insiders own 0.48% of the company's stock.

Guidewire Software Stock Performance

Shares of GWRE opened at $235.37 on Friday. The firm has a 50-day moving average of $222.25 and a 200-day moving average of $200.52. Guidewire Software, Inc. has a one year low of $132.01 and a one year high of $263.20. The company has a market cap of $19.82 billion, a PE ratio of 588.41, a price-to-earnings-growth ratio of 20.67 and a beta of 1.15. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.23 and a quick ratio of 3.23.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.41. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The company had revenue of $293.51 million during the quarter, compared to the consensus estimate of $286.40 million. During the same quarter last year, the firm posted $0.26 EPS. The company's quarterly revenue was up 22.0% on a year-over-year basis. As a group, equities analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Citigroup lifted their price target on shares of Guidewire Software from $199.00 to $247.00 and gave the stock a "neutral" rating in a research report on Thursday, June 5th. Wells Fargo & Company lifted their price target on shares of Guidewire Software from $220.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Bank of America raised their price objective on shares of Guidewire Software from $135.00 to $160.00 and gave the stock an "underperform" rating in a report on Wednesday, June 4th. DA Davidson restated a "neutral" rating and set a $226.00 price objective on shares of Guidewire Software in a report on Wednesday, June 4th. Finally, Stifel Nicolaus raised their price objective on shares of Guidewire Software from $230.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $248.31.

About Guidewire Software

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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