Stablepoint Partners LLC Takes $537,000 Position in Guidewire Software, Inc. (NYSE:GWRE)

Stablepoint Partners LLC bought a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,865 shares of the technology company's stock, valued at approximately $537,000.

Several other large investors have also recently made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. purchased a new stake in Guidewire Software during the 1st quarter valued at about $280,000. Merit Financial Group LLC grew its stake in Guidewire Software by 36.8% during the 1st quarter. Merit Financial Group LLC now owns 3,170 shares of the technology company's stock valued at $594,000 after purchasing an additional 853 shares during the last quarter. Harbor Investment Advisory LLC grew its stake in Guidewire Software by 347.0% during the 1st quarter. Harbor Investment Advisory LLC now owns 3,071 shares of the technology company's stock valued at $575,000 after purchasing an additional 2,384 shares during the last quarter. Legacy Wealth Asset Management LLC purchased a new stake in Guidewire Software during the 1st quarter valued at about $311,000. Finally, Rhumbline Advisers grew its stake in Guidewire Software by 148.3% during the 1st quarter. Rhumbline Advisers now owns 227,961 shares of the technology company's stock valued at $42,711,000 after purchasing an additional 136,141 shares during the last quarter.

Guidewire Software Trading Down 2.1%

NYSE GWRE traded down $5.29 on Tuesday, hitting $252.08. 857,497 shares of the stock were exchanged, compared to its average volume of 945,917. Guidewire Software, Inc. has a 52-week low of $131.82 and a 52-week high of $263.20. 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 market capitalization 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. The company's 50-day moving average price is $207.09 and its two-hundred day moving average price is $196.26.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.41. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The firm had revenue of $293.51 million for the quarter, compared to analysts' expectations of $286.40 million. During the same period in the previous year, the company posted $0.26 EPS. The company's quarterly revenue was up 22.0% compared to the same quarter last year. Research analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Analysts Set New Price Targets

GWRE has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price target on Guidewire Software from $231.00 to $271.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Royal Bank of Canada raised their price objective on Guidewire Software from $230.00 to $290.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Raymond James raised their target price on Guidewire Software from $225.00 to $255.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Stifel Nicolaus raised their target price on Guidewire Software from $230.00 to $270.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Oppenheimer lifted their price objective on Guidewire Software from $230.00 to $275.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. 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. According to MarketBeat.com, Guidewire Software has a consensus rating of "Moderate Buy" and a consensus target price of $247.00.

Insider Buying and Selling at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Monday, March 17th. The shares were sold at an average price of $185.03, for a total value of $259,042.00. Following the completion of the sale, the chief executive officer now owns 267,730 shares of the company's stock, valued at approximately $49,538,081.90. The trade was a 0.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael C. Keller sold 1,848 shares of Guidewire Software stock in a transaction on Monday, March 17th. The shares were sold at an average price of $185.03, for a total transaction of $341,935.44. Following the completion of the sale, the director now directly owns 12,270 shares of the company's stock, valued at approximately $2,270,318.10. The trade was a 13.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,671 shares of company stock valued at $5,592,148 in the last quarter. 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.