Free Trial

1,177 Shares in Guidewire Software, Inc. (NYSE:GWRE) Acquired by Poinciana Advisors Group LLC

Guidewire Software logo with Computer and Technology background

Poinciana Advisors Group LLC bought a new position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm bought 1,177 shares of the technology company's stock, valued at approximately $221,000.

A number of other institutional investors also recently bought and sold shares of the stock. Ossiam purchased a new position in Guidewire Software during the 4th quarter worth approximately $29,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Guidewire Software by 70.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock valued at $32,000 after purchasing an additional 70 shares in the last quarter. Dunhill Financial LLC purchased a new position in shares of Guidewire Software during the 1st quarter valued at approximately $33,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Guidewire Software by 101.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after purchasing an additional 99 shares in the last quarter. Finally, Colonial Trust Co SC increased its holdings in shares of Guidewire Software by 176.0% during the 4th quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock valued at $48,000 after purchasing an additional 183 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Bank of America lifted their target price on shares of Guidewire Software from $135.00 to $160.00 and gave the company an "underperform" rating in a report on Wednesday, June 4th. DA Davidson reaffirmed a "neutral" rating and set a $226.00 target price on shares of Guidewire Software in a report on Wednesday, June 4th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $290.00 target price on shares of Guidewire Software in a report on Monday, June 23rd. JPMorgan Chase & Co. lifted their target price on shares of Guidewire Software from $271.00 to $288.00 and gave the company an "overweight" rating in a report on Wednesday, June 25th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $248.31.

Read Our Latest Report on Guidewire Software

Guidewire Software Stock Up 0.4%

Shares of NYSE:GWRE opened at $231.23 on Thursday. The firm's 50-day moving average is $227.76 and its two-hundred day moving average is $203.73. 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, Inc. has a 1 year low of $132.01 and a 1 year high of $263.20. The firm has a market capitalization of $19.47 billion, a PE ratio of 578.08, a price-to-earnings-growth ratio of 20.43 and a beta of 1.16.

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

Insiders Place Their Bets

In other news, President John P. Mullen sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $235.05, for a total transaction of $705,150.00. Following the transaction, the president directly owned 146,489 shares in the company, valued at approximately $34,432,239.45. This trade represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $230.70, for a total transaction of $322,980.00. Following the transaction, the chief executive officer owned 234,468 shares in the company, valued at approximately $54,091,767.60. This trade represents a 0.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,860 shares of company stock valued at $4,214,136. 0.48% of the stock is owned by corporate insiders.

About Guidewire Software

(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.

See Also

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).

Institutional Ownership by Quarter for Guidewire Software (NYSE:GWRE)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Guidewire Software Right Now?

Before you consider Guidewire Software, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Guidewire Software wasn't on the list.

While Guidewire Software currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 AI Stocks to Invest in Today: Capitalizing on AI and Tech Trends in 2025 Cover

Discover the top 7 AI stocks to invest in right now. This exclusive report highlights the companies leading the AI revolution and shaping the future of technology in 2025.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines