Guidewire Software, Inc. (NYSE:GWRE) Shares Acquired by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers increased its holdings in Guidewire Software by 20.7% during the first quarter, acquiring an additional 4,414 shares and raising its total stake to 25,706 shares valued at approximately $4.8 million.
• Guidewire Software received multiple analyst upgrades, with Wall Street Zen raising its rating from "hold" to "buy" and other firms setting target prices ranging from $160 to $290.
• The company's stock is currently valued at around $222.88, up from a 12-month low of $132.01, indicating positive growth potential amidst mixed analyst ratings.

Cetera Investment Advisers grew its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 20.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,706 shares of the technology company's stock after acquiring an additional 4,414 shares during the quarter. Cetera Investment Advisers' holdings in Guidewire Software were worth $4,816,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. 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. 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 worth $107,000 after acquiring an additional 80 shares in 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 worth $114,000 after acquiring an additional 85 shares in 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 worth $34,000 after acquiring an additional 99 shares in 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 worth $215,000 after acquiring an additional 100 shares in the last quarter.

Analyst Upgrades and Downgrades

GWRE has been the subject of several recent analyst reports. Wall Street Zen raised Guidewire Software from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $290.00 target price on shares of Guidewire Software in a report on Monday, June 23rd. Bank of America lifted their target price on Guidewire Software from $135.00 to $160.00 and gave the stock an "underperform" rating in a report on Wednesday, June 4th. Citigroup lifted their target price on Guidewire Software from $199.00 to $247.00 and gave the stock a "neutral" rating in a report on Thursday, June 5th. Finally, Robert W. Baird lifted their target price on Guidewire Software from $265.00 to $270.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $250.92.

Insider Activity at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $220.65, for a total value of $308,910.00. Following the completion of the sale, the chief executive officer directly owned 233,068 shares in the company, valued at $51,426,454.20. The trade was a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider James Winston King sold 2,482 shares of the business'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 value of $547,653.30. Following the completion of the sale, the insider owned 37,441 shares of the company's stock, valued at $8,261,356.65. This trade represents a 6.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,342 shares of company stock worth $4,879,599. 0.48% of the stock is owned by corporate insiders.

Guidewire Software Stock Down 1.5%

Shares of GWRE stock opened at $222.88 on Friday. The stock has a 50 day moving average of $231.49 and a 200 day moving average of $210.07. 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 stock has a market cap of $18.76 billion, a P/E ratio of 557.20, a P/E/G ratio of 19.76 and a beta of 1.16. Guidewire Software, Inc. has a twelve month low of $132.01 and a twelve month high of $263.20.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.41. The company had revenue of $293.51 million during 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% on a year-over-year basis. During the same period last year, the business earned $0.26 earnings per share. As a group, sell-side analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current 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.

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