Guidewire Software, Inc. (NYSE:GWRE) Shares Acquired by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC increased its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 7.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 255,970 shares of the technology company's stock after acquiring an additional 17,180 shares during the quarter. Conestoga Capital Advisors LLC owned approximately 0.31% of Guidewire Software worth $47,959,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Smartleaf Asset Management LLC increased its stake in Guidewire Software by 10.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company's stock valued at $100,000 after purchasing an additional 56 shares during the period. Norden Group LLC grew its holdings in shares of Guidewire Software by 5.2% during the fourth quarter. Norden Group LLC now owns 1,232 shares of the technology company's stock worth $208,000 after buying an additional 61 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in 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 acquiring an additional 70 shares during the period. Argonautica Private Wealth Management Inc. increased its position in Guidewire Software by 1.9% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company's stock valued at $681,000 after acquiring an additional 75 shares during the period. Finally, Fifth Third Bancorp raised its stake in Guidewire Software by 16.4% during the 1st 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.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GWRE. Wall Street Zen raised Guidewire Software from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Citigroup lifted their price objective on shares of Guidewire Software from $199.00 to $247.00 and gave the company a "neutral" rating in a research report on Thursday, June 5th. Raymond James boosted their price objective 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. Bank of America raised their target price on shares of Guidewire Software from $135.00 to $160.00 and gave the stock an "underperform" rating in a research note on Wednesday, June 4th. Finally, Oppenheimer lifted their target price on shares of Guidewire Software from $230.00 to $275.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $247.00.

Insiders Place Their Bets

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $167.82, for a total value of $234,948.00. Following the completion of the transaction, the chief executive officer now directly owns 258,593 shares of the company's stock, valued at $43,397,077.26. The trade was a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President John P. Mullen sold 2,300 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.95, for a total value of $432,285.00. Following the sale, the president now directly owns 164,030 shares in the company, valued at approximately $30,829,438.50. The trade was a 1.38% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,300 shares of company stock worth $3,263,183. Insiders own 0.48% of the company's stock.

Guidewire Software Stock Up 0.2%

GWRE stock opened at $253.69 on Tuesday. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The company's 50-day moving average price is $213.37 and its 200 day moving average price is $197.60. Guidewire Software, Inc. has a 52 week low of $131.82 and a 52 week high of $263.20. The company has a market cap of $21.36 billion, a P/E ratio of 704.69, a P/E/G ratio of 37.21 and a beta of 1.15.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.41. The company 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 2.91% and a return on equity of 2.38%. The company's revenue for the quarter was up 22.0% on a year-over-year basis. During the same period last year, the firm earned $0.26 EPS. On average, research analysts expect 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.

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