Xponance Inc. Grows Position in Guidewire Software, Inc. (NYSE:GWRE)

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

Other institutional investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its position 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 purchasing an additional 70 shares during the last quarter. Ossiam bought a new position in Guidewire Software during the 4th quarter valued at approximately $29,000. Dunhill Financial LLC bought a new position in Guidewire Software during the 1st quarter valued at approximately $33,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position 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 purchasing an additional 99 shares during the last quarter. Finally, Colonial Trust Co SC raised its position in 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 Stock Up 0.4%

Shares of Guidewire Software stock traded up $0.84 on Friday, reaching $221.99. The company's stock had a trading volume of 217,979 shares, compared to its average volume of 966,290. The company has a market capitalization of $18.69 billion, a price-to-earnings ratio of 554.98, a P/E/G ratio of 19.52 and a beta of 1.16. The firm's fifty day simple moving average is $229.09 and its two-hundred day simple moving average is $205.75. Guidewire Software, Inc. has a 52 week low of $132.01 and a 52 week high of $263.20. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.49.

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

Insider Transactions at Guidewire Software

In related news, Director Michael C. Keller sold 1,000 shares of Guidewire Software stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $237.53, for a total value of $237,530.00. Following the completion of the sale, the director owned 10,410 shares of the company's stock, valued at $2,472,687.30. The trade was a 8.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider James Winston King sold 2,482 shares of Guidewire Software stock in a transaction on Monday, July 14th. The stock was sold at an average price of $220.65, for a total value of $547,653.30. Following the completion of the sale, the insider directly owned 37,441 shares of the company's stock, valued at $8,261,356.65. The trade was a 6.22% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,342 shares of company stock worth $4,797,839. 0.48% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. DA Davidson reaffirmed a "neutral" rating and set a $226.00 price target on shares of Guidewire Software in a research report on Wednesday, June 4th. JMP Securities increased their target price on Guidewire Software from $250.00 to $281.00 and gave the stock a "market outperform" rating in a research report on Wednesday, June 4th. Wells Fargo & Company increased their target price on Guidewire Software from $220.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Bank of America increased their target price on Guidewire Software from $135.00 to $160.00 and gave the stock an "underperform" rating in a research report on Wednesday, June 4th. Finally, Wall Street Zen raised Guidewire Software from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Guidewire Software currently has an average rating of "Moderate Buy" and an average price target of $248.31.

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.