Private Advisor Group LLC Invests $318,000 in Guidewire Software, Inc. (NYSE:GWRE)

Key Points

• Private Advisor Group LLC acquired 1,699 shares of Guidewire Software, valued at approximately $318,000, as revealed in their latest SEC filing.
• Guidewire Software reported earnings of $0.88 per share for the latest quarter, significantly beating analysts' expectations of $0.47, with a year-over-year revenue growth of 22.0%.
• Multiple analysts have increased their price targets for Guidewire Software, with new targets ranging from $255.00 to $288.00, reflecting a generally positive outlook on the stock.

Private Advisor Group LLC purchased a new position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,699 shares of the technology company's stock, valued at approximately $318,000.

Other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its stake in Guidewire Software by 403.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock worth $25,000 after acquiring an additional 105 shares during the period. Ossiam bought a new position in shares of Guidewire Software in the 4th quarter valued at $29,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Guidewire Software by 70.0% in 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 during the last quarter. Dunhill Financial LLC bought a new position in shares of Guidewire Software in the 1st quarter valued at $33,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake 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 purchasing an additional 99 shares during the last quarter.

Insider Activity

In other news, insider James Winston King sold 2,482 shares of the business's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $220.65, for a total value of $547,653.30. Following the transaction, the insider directly owned 37,441 shares of the company's stock, valued at $8,261,356.65. The trade was a 6.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $220.65, for a total value of $308,910.00. Following the completion of the transaction, the chief executive officer directly owned 233,068 shares in the company, valued at $51,426,454.20. This represents a 0.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,342 shares of company stock valued at $4,879,599 in the last ninety days. 0.48% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on GWRE shares. Royal Bank Of Canada reiterated an "outperform" rating and issued a $290.00 price target on shares of Guidewire Software in a research note on Monday, June 23rd. JPMorgan Chase & Co. raised their price objective on Guidewire Software from $271.00 to $288.00 and gave the company an "overweight" rating in a report on Wednesday, June 25th. Wall Street Zen raised Guidewire Software from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Raymond James Financial raised their price objective on Guidewire Software from $225.00 to $255.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Finally, Oppenheimer raised their price objective on Guidewire Software from $230.00 to $275.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $250.92.

Guidewire Software Trading Down 1.5%

Shares of NYSE:GWRE traded down $3.34 during midday trading on Friday, reaching $222.88. The company's stock had a trading volume of 530,494 shares, compared to its average volume of 600,028. The firm has a market capitalization of $18.77 billion, a price-to-earnings ratio of 557.20, a PEG ratio of 20.06 and a beta of 1.16. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23. The firm has a 50 day moving average price of $231.49 and a two-hundred day moving average price of $209.82. Guidewire Software, Inc. has a fifty-two week low of $132.01 and a fifty-two week high of $263.20.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.41. The company had revenue of $293.51 million for 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%. The firm's revenue was up 22.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 EPS. As a group, analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

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.