Xponance Inc. Has $2.50 Million Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Xponance Inc. lifted its position in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 71.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,319 shares of the technology company's stock after buying an additional 5,560 shares during the period. Xponance Inc.'s holdings in Guidewire Software were worth $2,495,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GWRE. Amundi boosted its position in shares of Guidewire Software by 32.1% during the fourth quarter. Amundi now owns 18,299 shares of the technology company's stock worth $3,141,000 after buying an additional 4,445 shares during the period. HighTower Advisors LLC raised its stake in Guidewire Software by 5.0% in the fourth quarter. HighTower Advisors LLC now owns 8,756 shares of the technology company's stock valued at $1,476,000 after buying an additional 415 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Guidewire Software by 287.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 864 shares of the technology company's stock valued at $146,000 after purchasing an additional 641 shares during the last quarter. Swiss National Bank grew its position in Guidewire Software by 1.1% during the fourth quarter. Swiss National Bank now owns 155,100 shares of the technology company's stock worth $26,147,000 after buying an additional 1,700 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in Guidewire Software during the fourth quarter worth approximately $223,000.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GWRE. Royal Bank Of Canada reissued an "outperform" rating and set a $290.00 price target on shares of Guidewire Software in a research report on Monday, June 23rd. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a report on Wednesday, June 4th. 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 report on Wednesday, June 4th. JPMorgan Chase & Co. raised their target price on Guidewire Software from $271.00 to $288.00 and gave the company an "overweight" rating in a report on Wednesday, June 25th. Finally, Oppenheimer raised their target price on Guidewire Software from $230.00 to $275.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $248.31.

Guidewire Software Stock Up 1.0%

Shares of GWRE opened at $222.29 on Tuesday. Guidewire Software, Inc. has a 52 week low of $132.01 and a 52 week high of $263.20. The stock has a market capitalization of $18.72 billion, a price-to-earnings ratio of 555.74, a PEG ratio of 19.52 and a beta of 1.16. 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 stock has a fifty day moving average of $228.37 and a 200-day moving average of $204.81.

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

Insider Activity

In other Guidewire Software news, President John P. Mullen sold 3,000 shares of Guidewire Software stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $235.05, for a total transaction of $705,150.00. Following the transaction, the president directly owned 146,489 shares of the company's stock, valued at approximately $34,432,239.45. The trade was a 2.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $256.50, for a total value of $359,100.00. Following the completion of the transaction, the chief executive officer directly owned 245,993 shares in the company, valued at $63,097,204.50. This represents a 0.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,460 shares of company stock worth $3,941,276 over the last ninety days. Company 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.

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