DMC Group LLC Takes $227,000 Position in Guidewire Software, Inc. (NYSE:GWRE)

DMC Group LLC acquired a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,210 shares of the technology company's stock, valued at approximately $227,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 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 valued at $32,000 after acquiring an additional 70 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Guidewire Software by 16.4% in the first quarter. Fifth Third Bancorp now owns 569 shares of the technology company's stock valued at $107,000 after acquiring an additional 80 shares during the last quarter. True Wealth Design LLC boosted its holdings in Guidewire Software by 14.4% in the fourth quarter. True Wealth Design LLC now owns 677 shares of the technology company's stock valued at $114,000 after acquiring an additional 85 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Guidewire Software by 101.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after acquiring an additional 99 shares during the last quarter. Finally, Nebula Research & Development LLC boosted its holdings in Guidewire Software by 8.5% in the fourth quarter. Nebula Research & Development LLC now owns 1,274 shares of the technology company's stock valued at $215,000 after acquiring an additional 100 shares during the last quarter.

Insider Activity at Guidewire Software

In related news, Director Michael C. Keller sold 1,000 shares of the 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 completion of the sale, the director directly owned 10,410 shares of the company's stock, valued at approximately $2,472,687.30. This represents a 8.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $230.70, for a total value of $322,980.00. Following the completion of the sale, the chief executive officer directly owned 234,468 shares of the company's stock, valued at $54,091,767.60. The trade was a 0.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 18,860 shares of company stock valued at $4,214,136. 0.48% of the stock is owned by insiders.

Analyst Ratings Changes

GWRE has been the topic of a number of research analyst reports. Raymond James Financial increased their price target on Guidewire Software from $225.00 to $255.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. increased their price target on Guidewire Software from $271.00 to $288.00 and gave the stock an "overweight" rating in a report on Wednesday, June 25th. Royal Bank Of Canada restated an "outperform" rating and set a $290.00 price target on shares of Guidewire Software in a report on Monday, June 23rd. The Goldman Sachs Group increased their price target on Guidewire Software from $235.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, DA Davidson restated a "neutral" rating and set a $226.00 price target on shares of Guidewire Software in a report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $248.31.

Guidewire Software Stock Down 2.6%

Shares of GWRE traded down $6.10 during trading hours on Thursday, reaching $225.15. The stock had a trading volume of 748,926 shares, compared to its average volume of 969,198. Guidewire Software, Inc. has a 12 month low of $132.01 and a 12 month high of $263.20. The firm has a 50-day simple moving average of $228.17 and a 200 day simple moving average of $204.09. 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 has a market capitalization of $18.96 billion, a price-to-earnings ratio of 562.88, a P/E/G ratio of 20.51 and a beta of 1.16.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its 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 for the quarter, compared to analysts' expectations of $286.40 million. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. Guidewire Software's quarterly revenue was up 22.0% compared to the same quarter last year. During the same period last year, the business earned $0.26 EPS. Equities research analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal 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.