DMC Group LLC Acquires Shares of 1,210 Guidewire Software, Inc. (NYSE:GWRE)

DMC Group LLC purchased a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,210 shares of the technology company's stock, valued at approximately $227,000.

Other large investors also recently made changes to their positions in the company. Ossiam acquired a new stake in Guidewire Software during the 4th quarter worth $29,000. MassMutual Private Wealth & Trust FSB raised its stake in Guidewire Software by 70.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock worth $32,000 after buying an additional 70 shares during the period. Dunhill Financial LLC acquired a new stake in Guidewire Software during the 1st quarter worth $33,000. Mitsubishi UFJ Asset Management Co. Ltd. raised 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 period. Finally, Colonial Trust Co SC raised its stake in shares of Guidewire Software by 176.0% in the 4th quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock valued at $48,000 after purchasing an additional 183 shares during the period.

Guidewire Software Stock Performance

Guidewire Software stock traded down $6.02 during midday trading on Thursday, reaching $225.23. 13,648 shares of the company's stock were exchanged, compared to its average volume of 964,689. Guidewire Software, Inc. has a 52 week low of $132.01 and a 52 week high of $263.20. 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 market cap of $18.96 billion, a price-to-earnings ratio of 566.68, a P/E/G ratio of 20.43 and a beta of 1.16. The stock's 50-day simple moving average is $227.76 and its 200 day simple moving average is $203.73.

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 (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.41. The firm had revenue of $293.51 million during the quarter, compared to the consensus estimate of $286.40 million. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The business's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period last year, the business posted $0.26 earnings per share. On average, analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Activity

In other news, President John P. Mullen sold 3,000 shares of Guidewire Software 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 sale, the president directly owned 146,489 shares in the company, valued at approximately $34,432,239.45. The trade was a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $230.70, for a total transaction of $322,980.00. Following the completion of the sale, the chief executive officer owned 234,468 shares of the company's stock, valued at approximately $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. Over the last ninety days, insiders sold 18,860 shares of company stock worth $4,214,136. Corporate insiders own 0.48% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Oppenheimer lifted their price target on Guidewire Software from $230.00 to $275.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. DA Davidson reissued a "neutral" rating and issued a $226.00 price target on shares of Guidewire Software in a research note on Wednesday, June 4th. JMP Securities lifted their price target on Guidewire Software from $250.00 to $281.00 and gave the company a "market outperform" rating in a research note on Wednesday, June 4th. Royal Bank Of Canada reissued an "outperform" rating and issued a $290.00 price target on shares of Guidewire Software in a research note on Monday, June 23rd. Finally, Wall Street Zen raised Guidewire Software from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. One 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 data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $248.31.

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.

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