Oppenheimer Asset Management Inc. Has $11.99 Million Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Oppenheimer Asset Management Inc. lessened its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 13.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 64,014 shares of the technology company's stock after selling 9,985 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.08% of Guidewire Software worth $11,994,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GWRE. Ossiam purchased a new position in shares of Guidewire Software during the 4th quarter valued at approximately $29,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Guidewire Software by 70.0% during 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 last quarter. Dunhill Financial LLC purchased a new position in shares of Guidewire Software during the 1st quarter valued at approximately $33,000. Cullen Frost Bankers Inc. purchased a new position in shares of Guidewire Software during the 4th quarter valued at approximately $34,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Guidewire Software by 101.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after buying an additional 99 shares during the last quarter.

Insider Activity

In related news, Director Michael C. Keller sold 860 shares of Guidewire Software stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $254.53, for a total transaction of $218,895.80. Following the transaction, the director now directly owns 11,410 shares of the company's stock, valued at $2,904,187.30. The trade was a 7.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $184.41, for a total value of $258,174.00. Following the completion of the transaction, the chief executive officer now directly owns 259,993 shares in the company, valued at $47,945,309.13. This represents a 0.54% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,160 shares of company stock valued at $3,542,237. Company insiders own 0.48% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on GWRE. Citigroup increased their target price on Guidewire Software from $199.00 to $247.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th. DA Davidson restated a "neutral" rating and set a $226.00 price objective on shares of Guidewire Software in a research note on Wednesday, June 4th. Stifel Nicolaus raised their price objective on Guidewire Software from $230.00 to $270.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Robert W. Baird raised their price objective on Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Finally, Wall Street Zen upgraded Guidewire Software from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, Guidewire Software has an average rating of "Moderate Buy" and a consensus target price of $247.00.

Guidewire Software Stock Performance

GWRE stock traded down $1.13 during mid-day trading on Tuesday, reaching $237.27. The company had a trading volume of 875,371 shares, compared to its average volume of 956,019. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $19.98 billion, a P/E ratio of 593.17, a P/E/G ratio of 23.42 and a beta of 1.15. Guidewire Software, Inc. has a one year low of $132.01 and a one year high of $263.20. The stock's 50-day simple moving average is $219.62 and its two-hundred day simple moving average is $199.41.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The technology company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.41. The company had revenue of $293.51 million for the quarter, compared to analyst estimates of $286.40 million. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. The company's quarterly revenue was up 22.0% compared to the same quarter last year. During the same period last year, the company earned $0.26 earnings per share. Research analysts anticipate 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.