237,920 Shares in Guidewire Software, Inc. (NYSE:GWRE) Purchased by Fiera Capital Corp

Key Points

• Fiera Capital Corp has acquired approximately 237,920 shares of Guidewire Software, valued at around $44.6 million, representing a 0.28% ownership stake in the company.
• Guidewire Software's stock recently received multiple analyst upgrades, with JPMorgan raising its price target to $288.00 and a consensus rating of "Moderate Buy".
• Insider trading activities include President John P. Mullen selling 3,000 shares at an average price of $235.05, marking a 2.01% decrease in his ownership.

Fiera Capital Corp bought a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 237,920 shares of the technology company's stock, valued at approximately $44,577,000. Fiera Capital Corp owned 0.28% of Guidewire Software as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. ANB Bank lifted its stake in shares of Guidewire Software by 3.5% in the 1st quarter. ANB Bank now owns 1,590 shares of the technology company's stock valued at $298,000 after purchasing an additional 54 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Guidewire Software by 70.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company's stock valued at $32,000 after purchasing an additional 70 shares during the period. Fifth Third Bancorp lifted its stake in shares of Guidewire Software by 16.4% in the 1st quarter. Fifth Third Bancorp now owns 569 shares of the technology company's stock valued at $107,000 after purchasing an additional 80 shares during the period. True Wealth Design LLC lifted its stake in shares of Guidewire Software by 14.4% in the 4th quarter. True Wealth Design LLC now owns 677 shares of the technology company's stock valued at $114,000 after purchasing an additional 85 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in 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 buying an additional 99 shares during the last quarter.

Insider Activity at Guidewire Software

In related news, insider James Winston King sold 2,482 shares of Guidewire Software 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 transaction, the insider directly owned 37,441 shares in the company, valued at approximately $8,261,356.65. The trade was a 6.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Monday, July 14th. The shares were sold at an average price of $220.65, for a total value of $308,910.00. Following the transaction, the chief executive officer owned 233,068 shares in the company, valued at $51,426,454.20. This trade represents a 0.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,342 shares of company stock worth $4,879,599. Corporate insiders own 0.48% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Royal Bank Of Canada reiterated an "outperform" rating and set a $290.00 price objective on shares of Guidewire Software in a research note on Monday, June 23rd. Raymond James Financial lifted their price objective on Guidewire Software from $225.00 to $255.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Citigroup lifted their price objective on Guidewire Software from $199.00 to $247.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th. Wells Fargo & Company lifted their price objective on Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Finally, JMP Securities lifted their price objective 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. One 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's stock. Based on data from MarketBeat.com, Guidewire Software currently has an average rating of "Moderate Buy" and a consensus price target of $250.92.

Guidewire Software Stock Performance

Shares of GWRE traded down $3.09 during trading hours on Friday, hitting $223.13. The stock had a trading volume of 269,994 shares, compared to its average volume of 996,658. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.23 and a quick ratio of 3.23. Guidewire Software, Inc. has a 12 month low of $132.01 and a 12 month high of $263.20. The firm has a market capitalization of $18.79 billion, a PE ratio of 557.83, a PEG ratio of 20.01 and a beta of 1.16. The stock has a fifty day moving average price of $231.23 and a 200 day moving average price of $209.47.

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

Guidewire Software Company 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.