Wealth Enhancement Advisory Services LLC Has $7.45 Million Position in Guidewire Software, Inc. (NYSE:GWRE)

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,185 shares of the technology company's stock after purchasing an additional 1,282 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.05% of Guidewire Software worth $7,449,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA boosted its position in shares of 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 acquiring an additional 1,009,966 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Guidewire Software by 79.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 946,158 shares of the technology company's stock valued at $159,503,000 after acquiring an additional 418,642 shares during the period. Janus Henderson Group PLC boosted its position in shares of Guidewire Software by 242.2% in the fourth quarter. Janus Henderson Group PLC now owns 555,892 shares of the technology company's stock valued at $93,683,000 after acquiring an additional 393,445 shares during the period. Rathbones Group PLC bought a new stake in shares of Guidewire Software in the fourth quarter valued at about $58,118,000. Finally, Balyasny Asset Management L.P. boosted its position in shares of Guidewire Software by 877.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company's stock valued at $61,944,000 after acquiring an additional 329,863 shares during the period.

Insiders Place Their Bets

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $167.82, for a total transaction of $234,948.00. Following the completion of the transaction, the chief executive officer now owns 258,593 shares of the company's stock, valued at approximately $43,397,077.26. The trade was a 0.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael C. Keller sold 1,848 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $185.03, for a total value of $341,935.44. Following the completion of the transaction, the director now directly owns 12,270 shares of the company's stock, valued at $2,270,318.10. This represents a 13.09% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,671 shares of company stock valued at $5,471,104. 0.48% of the stock is currently owned by corporate insiders.

Guidewire Software Price Performance

GWRE traded up $1.95 on Thursday, hitting $255.93. 1,585,412 shares of the stock were exchanged, compared to its average volume of 943,001. Guidewire Software, Inc. has a 12 month low of $126.54 and a 12 month high of $263.20. The business has a 50-day moving average of $203.14 and a two-hundred day moving average of $195.13. 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 firm has a market capitalization of $21.47 billion, a price-to-earnings ratio of 710.92, 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 Tuesday, June 3rd. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.47 by $0.41. The firm had revenue of $293.51 million during the quarter, compared to the consensus estimate of $286.40 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The business's quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.26 earnings per share. Sell-side analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Guidewire Software from $230.00 to $290.00 and gave the company an "outperform" rating in a research report on Wednesday. Bank of America boosted their target price on shares of Guidewire Software from $135.00 to $160.00 and gave the company an "underperform" rating in a research report on Wednesday. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research report on Wednesday. DA Davidson reissued a "neutral" rating and issued a $226.00 target price on shares of Guidewire Software in a research report on Wednesday. Finally, Robert W. Baird boosted their target price 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $247.00.

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.