OMNI 360 Wealth Inc. Purchases Shares of 1,126 Guidewire Software, Inc. (NYSE:GWRE)

OMNI 360 Wealth Inc. purchased a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,126 shares of the technology company's stock, valued at approximately $211,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in GWRE. MassMutual Private Wealth & Trust FSB raised its holdings 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 in the last quarter. Ossiam bought a new stake in shares of Guidewire Software in the 4th quarter valued at about $29,000. Dunhill Financial LLC acquired a new position in shares of Guidewire Software in the 1st quarter valued at about $33,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Guidewire Software by 101.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after purchasing an additional 99 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new position in Guidewire Software during the 4th quarter worth approximately $34,000.

Insider Activity

In other news, Director Michael C. Keller sold 1,000 shares of the company's stock in a transaction that occurred 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 transaction, the director directly owned 10,410 shares in the company, valued at approximately $2,472,687.30. This represents a 8.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $230.70, for a total transaction of $322,980.00. Following the completion of the sale, the chief executive officer owned 234,468 shares in the company, valued at $54,091,767.60. The trade was a 0.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,860 shares of company stock valued at $4,214,136 in the last 90 days. Company insiders own 0.48% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on GWRE shares. Wall Street Zen raised Guidewire Software from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Wells Fargo & Company increased their price objective on Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Oppenheimer raised their price target on Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. increased their price objective on Guidewire Software from $271.00 to $288.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. Finally, Bank of America increased their price objective on Guidewire Software from $135.00 to $160.00 and gave the stock an "underperform" rating in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $248.31.

Guidewire Software Price Performance

NYSE GWRE opened at $230.40 on Wednesday. The firm's fifty day simple moving average is $227.23 and its two-hundred day simple moving average is $203.54. The company has a current ratio of 3.23, a quick ratio of 3.23 and a debt-to-equity ratio of 0.49. 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 $19.40 billion, a P/E ratio of 576.00, a P/E/G ratio of 20.71 and a beta of 1.16.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its 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 3.04% and a return on equity of 6.96%. The firm's quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 earnings per share. Analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal 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.

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