30,131 Shares in Guidewire Software, Inc. (NYSE:GWRE) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 30,131 shares of Guidewire Software, Inc., valued at approximately $5.645 million, indicating significant institutional interest in the company's stock.
• Insider transactions revealed that insiders sold a total of 19,942 shares of Guidewire Software, with notable sales from James Winston King and Michael C. Keller, reducing their ownership percentages.
• Guidewire Software reported earnings per share of $0.88 for the last quarter, exceeding analyst expectations and reflecting a 22% increase in revenue compared to the previous year.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,131 shares of the technology company's stock, valued at approximately $5,645,000.

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. grew its holdings in 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 buying an additional 105 shares in the last quarter. Ossiam purchased a new position in Guidewire Software during the 4th quarter valued at approximately $29,000. MassMutual Private Wealth & Trust FSB grew its holdings in 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 in the last quarter. Dunhill Financial LLC purchased a new position in Guidewire Software during the 1st quarter valued at approximately $33,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in 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 in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GWRE. Stifel Nicolaus raised their price target on Guidewire Software from $230.00 to $270.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Wall Street Zen upgraded Guidewire Software from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a report on Wednesday, June 4th. Citigroup lifted their target price on Guidewire Software from $199.00 to $247.00 and gave the stock a "neutral" rating in a report on Thursday, June 5th. Finally, JMP Securities lifted their target price on Guidewire Software from $250.00 to $281.00 and gave the stock a "market outperform" rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $250.92.

Guidewire Software Price Performance

GWRE stock traded up $3.56 on Monday, reaching $226.94. The company had a trading volume of 647,951 shares, compared to its average volume of 624,525. The company's fifty day moving average is $230.14 and its 200 day moving average is $208.46. 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 company has a market cap of $19.11 billion, a P/E ratio of 567.35, a PEG ratio of 19.81 and a beta of 1.16. Guidewire Software, Inc. has a 1 year low of $132.01 and a 1 year high of $263.20.

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, beating analysts' consensus estimates of $0.47 by $0.41. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The company had revenue of $293.51 million during the quarter, compared to analysts' expectations of $286.40 million. During the same period in the prior year, the company posted $0.26 EPS. The firm's revenue for the quarter was up 22.0% on a year-over-year basis. On average, research analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Insider Activity

In other news, insider James Winston King sold 2,482 shares of the company's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $220.65, for a total transaction of $547,653.30. Following the transaction, the insider directly owned 37,441 shares in the company, valued at approximately $8,261,356.65. This represents a 6.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $220.65, for a total transaction of $308,910.00. Following the sale, the chief executive officer directly owned 233,068 shares of the company's stock, valued at approximately $51,426,454.20. This trade represents a 0.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,342 shares of company stock worth $4,879,599. 0.48% of the stock is owned by corporate insiders.

About Guidewire Software

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.