Parr Mcknight Wealth Management Group LLC Makes New Investment in Guidewire Software, Inc. (NYSE:GWRE)

Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,950 shares of the technology company's stock, valued at approximately $1,172,000.

A number of other large investors have also made changes to their positions in GWRE. Vanguard Group Inc. increased its stake in Guidewire Software by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company's stock valued at $1,425,434,000 after acquiring an additional 90,618 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Guidewire Software by 29.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company's stock valued at $747,968,000 after buying an additional 1,009,966 shares during the period. Stockbridge Partners LLC raised its holdings in Guidewire Software by 8.3% in the fourth quarter. Stockbridge Partners LLC now owns 2,678,857 shares of the technology company's stock worth $451,602,000 after purchasing an additional 205,382 shares during the period. Artisan Partners Limited Partnership raised its holdings in shares of Guidewire Software by 26.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company's stock worth $237,323,000 after acquiring an additional 291,774 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Guidewire Software by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company's stock worth $226,701,000 after acquiring an additional 12,697 shares during the period.

Insider Buying and Selling at Guidewire Software

In related news, President John P. Mullen sold 2,300 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $203.13, for a total value of $467,199.00. Following the transaction, the president now owns 172,446 shares in the company, valued at $35,028,955.98. The trade was a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $203.13, for a total transaction of $284,382.00. Following the completion of the transaction, the chief executive officer now owns 270,530 shares in the company, valued at approximately $54,952,758.90. The trade was a 0.51% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,371 shares of company stock worth $6,222,685. 0.48% of the stock is currently owned by company insiders.

Guidewire Software Stock Performance

Guidewire Software stock traded up $1.85 during midday trading on Thursday, hitting $210.59. The company's stock had a trading volume of 291,536 shares, compared to its average volume of 932,061. Guidewire Software, Inc. has a 1-year low of $107.65 and a 1-year high of $219.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The company has a 50-day moving average price of $198.89 and a two-hundred day moving average price of $193.75. The company has a market cap of $17.66 billion, a price-to-earnings ratio of 584.61, a PEG ratio of 37.21 and a beta of 1.18.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its earnings results on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.44). The firm had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. As a group, sell-side analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Analysts Set New Price Targets

GWRE has been the topic of several recent research reports. The Goldman Sachs Group lifted their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, February 10th. JPMorgan Chase & Co. lifted their price objective on shares of Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. Robert W. Baird lifted their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Finally, DA Davidson downgraded shares of Guidewire Software from a "strong-buy" rating to a "hold" rating and set a $226.00 target price for the company. in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Guidewire Software currently has an average rating of "Moderate Buy" and an average price target of $207.42.

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.