Guidewire Software, Inc. (NYSE:GWRE) Shares Bought by Burney Co.

Key Points

• Burney Co. increased its holdings in Guidewire Software, Inc. by 151.1% during the 1st quarter, owning 3,116 shares worth approximately $584,000 at the end of the period.
• Several institutional investors, including Principal Financial Group Inc., have significantly raised their stakes in Guidewire Software, indicating strong interest in the company.
• Analysts have raised their price targets for Guidewire Software, with a consensus average target of $250.92 and an overall rating of "Moderate Buy."

Burney Co. grew its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 151.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,116 shares of the technology company's stock after purchasing an additional 1,875 shares during the quarter. Burney Co.'s holdings in Guidewire Software were worth $584,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. SBI Securities Co. Ltd. lifted its position in Guidewire Software by 403.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock worth $25,000 after buying an additional 105 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings 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 worth $32,000 after acquiring an additional 70 shares in the last quarter. Ossiam bought a new stake in Guidewire Software in the fourth quarter worth $29,000. Dunhill Financial LLC bought a new position in shares of Guidewire Software during the first quarter valued at $33,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of 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 valued at $34,000 after purchasing an additional 99 shares in the last quarter.

Guidewire Software Trading Up 1.0%

Guidewire Software stock traded up $2.27 during trading on Monday, hitting $225.65. The company had a trading volume of 237,408 shares, compared to its average volume of 1,007,424. The stock has a market cap of $19.00 billion, a price-to-earnings ratio of 564.06, a price-to-earnings-growth ratio of 19.81 and a beta of 1.16. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.49. Guidewire Software, Inc. has a 1-year low of $132.01 and a 1-year high of $263.20. The company's 50 day simple moving average is $230.14 and its 200-day simple moving average is $208.46.

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.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GWRE. The Goldman Sachs Group upped their price target on Guidewire Software from $235.00 to $270.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research report on Wednesday, June 4th. Oppenheimer upped their price target on Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Robert W. Baird boosted their price objective on Guidewire Software from $265.00 to $270.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Guidewire Software from $271.00 to $288.00 and gave the company an "overweight" rating in a research note on Wednesday, June 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $250.92.

Insider Activity

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $220.65, for a total transaction of $308,910.00. Following the sale, the chief executive officer directly owned 233,068 shares of the company's stock, valued at $51,426,454.20. This represents a 0.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Winston King sold 2,482 shares of the business's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $220.65, for a total transaction of $547,653.30. Following the completion of the transaction, the insider owned 37,441 shares of the company's stock, valued at approximately $8,261,356.65. This trade represents a 6.22% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,942 shares of company stock valued at $4,566,349. 0.48% of the stock is currently owned by company insiders.

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.