Fifth Third Wealth Advisors LLC Acquires Shares of 2,367 Guidewire Software, Inc. (NYSE:GWRE)

Fifth Third Wealth Advisors LLC acquired a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,367 shares of the technology company's stock, valued at approximately $443,000.

A number of other hedge funds have also recently made changes to their positions in GWRE. Ossiam purchased a new position in Guidewire Software during the fourth quarter worth about $29,000. MassMutual Private Wealth & Trust FSB boosted its stake in Guidewire Software by 70.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock valued at $32,000 after acquiring an additional 70 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in Guidewire Software in the fourth quarter valued at about $34,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake 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 buying an additional 99 shares in the last quarter. Finally, Colonial Trust Co SC lifted its stake 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 buying an additional 183 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts recently commented on GWRE shares. Bank of America upped their price target on shares of Guidewire Software from $135.00 to $160.00 and gave the company an "underperform" rating in a research note on Wednesday. Oppenheimer upped their target price on shares of Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a report on Wednesday. The Goldman Sachs Group increased their price target on shares of Guidewire Software from $235.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday. JMP Securities upped their price objective on shares of Guidewire Software from $250.00 to $281.00 and gave the company a "market outperform" rating in a research note on Wednesday. Finally, Citigroup increased their price target on shares of Guidewire Software from $199.00 to $247.00 and gave the company a "neutral" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Guidewire Software has a consensus rating of "Moderate Buy" and a consensus price target of $247.00.

Guidewire Software Trading Up 0.8%

GWRE traded up $1.95 during trading on Thursday, hitting $255.93. 1,585,412 shares of the stock traded hands, compared to its average volume of 952,668. The firm has a 50-day moving average of $201.77 and a 200 day moving average of $194.70. Guidewire Software, Inc. has a 12-month low of $117.69 and a 12-month high of $263.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The firm has a market capitalization of $21.47 billion, a P/E ratio of 710.92, a price-to-earnings-growth ratio of 37.21 and a beta of 1.18.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.47 by $0.41. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The firm had revenue of $293.51 million during the quarter, compared to analysts' expectations of $286.40 million. During the same period last year, the company posted $0.26 EPS. The company's quarterly revenue was up 22.0% compared to the same quarter last year. Equities research analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Insider Buying and Selling

In other Guidewire Software news, insider James Winston King sold 1,051 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $199,069.91. Following the completion of the sale, the insider now directly owns 44,613 shares in the company, valued at approximately $8,450,148.33. This trade represents a 2.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $170.04, for a total transaction of $238,056.00. Following the sale, the chief executive officer now owns 269,130 shares of the company's stock, valued at approximately $45,762,865.20. This represents a 0.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,671 shares of company stock worth $5,471,104 in the last three months. 0.48% of the stock is owned by corporate insiders.

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.