Guidewire Software, Inc. (NYSE:GWRE) Stock Holdings Lifted by Smith Group Asset Management LLC

Smith Group Asset Management LLC lifted its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 40.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,800 shares of the technology company's stock after acquiring an additional 1,090 shares during the period. Smith Group Asset Management LLC's holdings in Guidewire Software were worth $712,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in Guidewire Software by 10.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company's stock worth $100,000 after acquiring an additional 56 shares in the last quarter. Norden Group LLC increased its stake in Guidewire Software by 5.2% in the 4th quarter. Norden Group LLC now owns 1,232 shares of the technology company's stock valued at $208,000 after buying an additional 61 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake 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 buying an additional 70 shares during the period. Fifth Third Bancorp increased its stake in 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 buying an additional 80 shares during the period. Finally, True Wealth Design LLC increased its stake in 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 buying an additional 85 shares during the period.

Insider Transactions at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $236.89, for a total transaction of $331,646.00. Following the completion of the sale, the chief executive officer directly owned 235,868 shares of the company's stock, valued at $55,874,770.52. This trade represents a 0.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael C. Keller sold 1,000 shares of the firm's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $237.53, for a total value of $237,530.00. Following the sale, the director directly owned 10,410 shares of the company's stock, valued at $2,472,687.30. This represents a 8.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,860 shares of company stock valued at $3,420,954 in the last quarter. 0.48% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GWRE. Robert W. Baird upped their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. upped their price objective on shares of Guidewire Software from $271.00 to $288.00 and gave the company an "overweight" rating in a research note on Wednesday, June 25th. Citigroup boosted their target price on shares of Guidewire Software from $199.00 to $247.00 and gave the stock a "neutral" rating in a research report on Thursday, June 5th. Oppenheimer boosted their target price on shares of Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Finally, Raymond James Financial boosted their target price on shares of Guidewire Software from $225.00 to $255.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. One investment 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $248.31.

Guidewire Software Price Performance

NYSE:GWRE opened at $234.83 on Tuesday. The company has a 50-day moving average of $223.27 and a 200-day moving average of $201.35. The company has a market capitalization of $19.77 billion, a price-to-earnings ratio of 587.08, a PEG ratio of 20.71 and a beta of 1.15. Guidewire Software, Inc. has a 52 week low of $132.01 and a 52 week high of $263.20. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 EPS for the quarter, topping 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 3.04% and a return on equity of 6.96%. The firm's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period last year, the firm earned $0.26 EPS. As a group, equities research analysts anticipate 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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