1,355 Shares in Guidewire Software, Inc. (NYSE:GWRE) Acquired by Thoroughbred Financial Services LLC

Key Points

• Thoroughbred Financial Services LLC has invested approximately $253,000 in Guidewire Software, acquiring 1,355 shares during the first quarter.
• Guidewire Software's stock opened at $217.66, reflecting a 3.5% decline, with a one-year high of $263.20 and a low of $141.03.
• Analysts project a strong growth outlook for Guidewire, with several upgrades in price targets, raising the average target price to $250.92 and maintaining a consensus rating of "Moderate Buy."

Thoroughbred Financial Services LLC purchased a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,355 shares of the technology company's stock, valued at approximately $253,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. increased its position in shares of Guidewire Software by 403.8% during the 1st quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company's stock valued at $25,000 after purchasing an additional 105 shares during the last quarter. Ossiam purchased a new stake in shares of Guidewire Software during the 4th quarter valued at $29,000. MassMutual Private Wealth & Trust FSB increased its position 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 purchasing an additional 70 shares during the last quarter. Dunhill Financial LLC purchased a new stake in shares of Guidewire Software during the 1st quarter valued at $33,000. Finally, Colonial Trust Co SC increased its position in shares of Guidewire Software by 176.0% during the 4th quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock valued at $48,000 after purchasing an additional 183 shares during the last quarter.

Guidewire Software Price Performance

NYSE GWRE traded down $3.97 during trading hours on Friday, hitting $213.46. The company had a trading volume of 485,878 shares, compared to its average volume of 590,065. Guidewire Software, Inc. has a 52 week low of $142.94 and a 52 week high of $263.20. The firm has a 50 day simple moving average of $232.54 and a 200 day simple moving average of $211.48. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.23 and a current ratio of 3.23. The firm has a market capitalization of $17.97 billion, a price-to-earnings ratio of 533.64, a PEG ratio of 15.04 and a beta of 1.16.

Guidewire Software (NYSE:GWRE - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.47 by $0.41. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. The business had revenue of $293.51 million during the quarter, compared to the consensus estimate of $286.40 million. During the same quarter last year, the company earned $0.26 EPS. The firm's revenue was up 22.0% compared to the same quarter last year. Equities research analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GWRE. Raymond James Financial 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 lifted their price objective on Guidewire Software from $230.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. DA Davidson reissued a "neutral" rating and issued a $226.00 price objective on shares of Guidewire Software in a report on Wednesday, June 4th. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a report on Wednesday, June 4th. Finally, The Goldman Sachs Group lifted their price objective on Guidewire Software from $235.00 to $270.00 and gave the stock a "buy" rating in a 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 issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $250.92.

Insiders Place Their Bets

In other news, President John P. Mullen sold 3,000 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $223.28, for a total transaction of $669,840.00. Following the completion of the transaction, the president owned 143,489 shares of the company's stock, valued at approximately $32,038,223.92. The trade was a 2.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael C. Keller sold 1,000 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was 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 of the company's stock, valued at $2,472,687.30. The trade was a 8.76% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,342 shares of company stock worth $5,572,791. Insiders own 0.48% of the company's stock.

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.