1,150 Shares in Guidewire Software, Inc. (NYSE:GWRE) Purchased by ESG Planning DBA Harper Investing

ESG Planning DBA Harper Investing purchased a new position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,150 shares of the technology company's stock, valued at approximately $215,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GWRE. Massachusetts Financial Services Co. MA boosted its position in shares of Guidewire Software by 29.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock worth $747,968,000 after purchasing an additional 1,009,966 shares in the last quarter. Congress Asset Management Co. bought a new stake in Guidewire Software in the 1st quarter valued at $85,453,000. Arrowstreet Capital Limited Partnership lifted its position in Guidewire Software by 79.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company's stock valued at $159,503,000 after acquiring an additional 418,642 shares in the last quarter. Janus Henderson Group PLC lifted its position in Guidewire Software by 242.2% in the 4th quarter. Janus Henderson Group PLC now owns 555,892 shares of the technology company's stock valued at $93,683,000 after acquiring an additional 393,445 shares in the last quarter. Finally, Rathbones Group PLC bought a new stake in Guidewire Software in the 4th quarter valued at $58,118,000.

Guidewire Software Trading Up 0.6%

Shares of GWRE stock traded up $1.23 during trading hours on Thursday, hitting $221.34. 549,806 shares of the company's stock traded hands, compared to its average volume of 968,011. The stock's 50 day simple moving average is $228.93 and its 200 day simple moving average is $205.38. The stock has a market cap of $18.64 billion, a PE ratio of 553.34, a price-to-earnings-growth ratio of 19.59 and a beta of 1.16. Guidewire Software, Inc. has a 12 month low of $132.01 and a 12 month high of $263.20. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.49.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.41. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The firm had revenue of $293.51 million during the quarter, compared to the consensus estimate of $286.40 million. During the same quarter last year, the firm earned $0.26 earnings per share. The company's revenue for the quarter was up 22.0% on a year-over-year basis. On average, sell-side analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Insider Activity

In other news, insider James Winston King sold 2,482 shares of Guidewire Software stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $220.65, for a total transaction of $547,653.30. Following the completion of the transaction, the insider directly owned 37,441 shares in the company, valued at $8,261,356.65. This trade represents a 6.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $220.65, for a total transaction of $308,910.00. Following the completion of the sale, the chief executive officer owned 233,068 shares in the company, valued at $51,426,454.20. This represents a 0.60% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,342 shares of company stock valued at $4,797,839. 0.48% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on GWRE shares. The Goldman Sachs Group boosted their price objective on shares of Guidewire Software from $235.00 to $270.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Stifel Nicolaus boosted their price objective on shares of Guidewire Software from $230.00 to $270.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Oppenheimer lifted their price target on shares of Guidewire Software from $230.00 to $275.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Raymond James Financial lifted their price target on shares of Guidewire Software from $225.00 to $255.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus 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.