Amalgamated Bank Grows Position in Guidewire Software, Inc. (NYSE:GWRE)

Amalgamated Bank grew its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 654.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,096 shares of the technology company's stock after purchasing an additional 33,914 shares during the quarter. Amalgamated Bank's holdings in Guidewire Software were worth $7,325,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. IFP Advisors Inc boosted its stake in shares of Guidewire Software by 1,432.1% in the fourth quarter. IFP Advisors Inc now owns 812 shares of the technology company's stock worth $137,000 after acquiring an additional 759 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in Guidewire Software by 5.3% in the 4th quarter. QRG Capital Management Inc. now owns 7,362 shares of the technology company's stock valued at $1,241,000 after purchasing an additional 372 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Guidewire Software by 10.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company's stock worth $100,000 after purchasing an additional 56 shares during the last quarter. Norden Group LLC boosted its stake in Guidewire Software by 5.2% during the 4th quarter. Norden Group LLC now owns 1,232 shares of the technology company's stock worth $208,000 after purchasing an additional 61 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Guidewire Software by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 522,586 shares of the technology company's stock worth $88,098,000 after buying an additional 4,386 shares in the last quarter.

Guidewire Software Trading Up 1.2%

Guidewire Software stock traded up $2.64 during trading on Thursday, hitting $230.38. The company had a trading volume of 383,320 shares, compared to its average volume of 964,676. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.49. The company's 50 day simple moving average is $225.39 and its 200-day simple moving average is $202.14. Guidewire Software, Inc. has a 1-year low of $132.01 and a 1-year high of $263.20. The stock has a market cap of $19.40 billion, a price-to-earnings ratio of 575.95, a price-to-earnings-growth ratio of 20.20 and a beta of 1.16.

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

Insider Buying and Selling

In other Guidewire Software 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 value of $705,150.00. Following the completion of the transaction, the president owned 146,489 shares of the company's stock, valued at $34,432,239.45. This trade represents a 2.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael C. Keller sold 1,000 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $237.53, for a total value of $237,530.00. Following the sale, the director directly owned 10,410 shares in the company, 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 have sold a total of 18,860 shares of company stock valued at $4,126,104 in the last ninety days. Company insiders own 0.48% of the company's stock.

Wall Street Analysts Forecast Growth

GWRE has been the subject of several research reports. Citigroup upped their price objective on shares of Guidewire Software from $199.00 to $247.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th. Robert W. Baird boosted their target price on Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. JMP Securities increased their price target on Guidewire Software from $250.00 to $281.00 and gave the company a "market outperform" rating in a report on Wednesday, June 4th. Royal Bank Of Canada reiterated an "outperform" rating and set a $290.00 price objective on shares of Guidewire Software in a research report on Monday, June 23rd. Finally, The Goldman Sachs Group upped their target price on Guidewire Software from $235.00 to $270.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.