Wealth Enhancement Advisory Services LLC Has $5.93 Million Position in Guidewire Software, Inc. (NYSE:GWRE)

Wealth Enhancement Advisory Services LLC lowered its position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 28.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,658 shares of the technology company's stock after selling 12,527 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Guidewire Software were worth $5,931,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of GWRE. Ossiam bought a new position in shares of Guidewire Software during the 4th quarter valued at about $29,000. MassMutual Private Wealth & Trust FSB lifted its stake in Guidewire Software by 70.0% during the first 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. Cullen Frost Bankers Inc. acquired a new stake in Guidewire Software during the fourth quarter valued at approximately $34,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Guidewire Software by 101.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock worth $34,000 after buying an additional 99 shares in the last quarter. Finally, Colonial Trust Co SC grew its position in Guidewire Software by 176.0% in the fourth quarter. Colonial Trust Co SC now owns 287 shares of the technology company's stock worth $48,000 after buying an additional 183 shares during the last quarter.

Insiders Place Their Bets

In related news, Director Michael C. Keller sold 860 shares of Guidewire Software stock in a transaction on Monday, June 16th. The shares were sold at an average price of $254.53, for a total value of $218,895.80. Following the completion of the sale, the director now owns 11,410 shares of the company's stock, valued at approximately $2,904,187.30. The trade was a 7.01% decrease in their position. The transaction 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 stock in a transaction on Monday, April 7th. The stock was sold at an average price of $167.82, for a total transaction of $234,948.00. Following the transaction, the chief executive officer now directly owns 258,593 shares in the company, valued at $43,397,077.26. The trade was a 0.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,160 shares of company stock valued at $3,779,767 in the last three months. Insiders own 0.48% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research report on Wednesday, June 4th. JPMorgan Chase & Co. boosted their target price on Guidewire Software from $271.00 to $288.00 and gave the stock an "overweight" rating in a research report on Wednesday. Wells Fargo & Company increased their price target on Guidewire Software from $220.00 to $265.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Bank of America lifted their price target on Guidewire Software from $135.00 to $160.00 and gave the stock an "underperform" rating in a research note on Wednesday, June 4th. Finally, JMP Securities upped their price objective on shares of Guidewire Software from $250.00 to $281.00 and gave the company a "market outperform" rating in a research note on Wednesday, June 4th. One research 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's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $248.31.

Guidewire Software Stock Up 0.2%

Shares of NYSE GWRE traded up $0.50 during mid-day trading on Friday, reaching $235.37. The company had a trading volume of 2,231,560 shares, compared to its average volume of 962,072. 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 capitalization of $19.82 billion, a price-to-earnings ratio of 588.41, a PEG ratio of 20.71 and a beta of 1.15. The stock has a fifty day moving average of $222.25 and a two-hundred day moving average of $200.73. Guidewire Software, Inc. has a 12-month low of $132.01 and a 12-month high of $263.20.

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

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.