Guidewire Software, Inc. (NYSE:GWRE) Shares Acquired by Portside Wealth Group LLC

Portside Wealth Group LLC raised its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 148.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,724 shares of the technology company's stock after purchasing an additional 1,626 shares during the period. Portside Wealth Group LLC's holdings in Guidewire Software were worth $510,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Banco Santander S.A. purchased a new stake in shares of Guidewire Software during the 4th quarter valued at about $427,000. MGO One Seven LLC bought a new stake in Guidewire Software during the fourth quarter worth approximately $222,000. Amica Mutual Insurance Co. raised its position in Guidewire Software by 118.8% during the fourth quarter. Amica Mutual Insurance Co. now owns 7,064 shares of the technology company's stock valued at $1,191,000 after purchasing an additional 3,835 shares during the period. Truist Financial Corp raised its position in Guidewire Software by 21.8% during the fourth quarter. Truist Financial Corp now owns 9,645 shares of the technology company's stock valued at $1,626,000 after purchasing an additional 1,724 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Guidewire Software by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 522,586 shares of the technology company's stock valued at $88,098,000 after purchasing an additional 4,386 shares during the last quarter.

Guidewire Software Trading Down 2.1%

GWRE traded down $5.29 during trading on Tuesday, hitting $252.08. 857,497 shares of the stock were exchanged, compared to its average volume of 945,258. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The firm has a 50 day simple moving average of $205.73 and a 200 day simple moving average of $195.87. The firm has a market cap of $21.14 billion, a price-to-earnings ratio of 700.22, a P/E/G ratio of 37.21 and a beta of 1.15. Guidewire Software, Inc. has a 1 year low of $129.90 and a 1 year high of $263.20.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings data 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. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The firm had revenue of $293.51 million during the quarter, compared to the consensus estimate of $286.40 million. During the same period in the previous year, the company posted $0.26 earnings per share. The firm's quarterly revenue was up 22.0% on a year-over-year basis. As a group, equities analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Wall Street Analyst Weigh In

GWRE has been the topic of several recent research reports. DA Davidson restated a "neutral" rating and set a $226.00 price target on shares of Guidewire Software in a report on Wednesday, June 4th. Bank of America increased their target price on shares of Guidewire Software from $135.00 to $160.00 and gave the company an "underperform" rating in a research note on Wednesday, June 4th. Raymond James raised their target price on shares of Guidewire Software from $225.00 to $255.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Robert W. Baird upped their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Finally, Wall Street Zen raised shares of Guidewire Software from a "hold" rating to a "buy" rating in a research report on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Guidewire Software currently has an average rating of "Moderate Buy" and an average target price of $247.00.

Insider Transactions at Guidewire Software

In other news, insider James Winston King sold 1,051 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total value of $199,069.91. Following the sale, the insider now directly owns 44,613 shares in the company, valued at approximately $8,450,148.33. This trade represents a 2.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $185.03, for a total transaction of $259,042.00. Following the transaction, the chief executive officer now owns 267,730 shares of the company's stock, valued at approximately $49,538,081.90. This trade represents a 0.52% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,671 shares of company stock valued at $5,592,148. Company insiders own 0.48% of the company's stock.

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.