NewEdge Advisors LLC Boosts Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

NewEdge Advisors LLC grew its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 179.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,797 shares of the technology company's stock after acquiring an additional 2,436 shares during the period. NewEdge Advisors LLC's holdings in Guidewire Software were worth $640,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in GWRE. Atomi Financial Group Inc. lifted its stake in shares of Guidewire Software by 22.2% during the 4th quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company's stock valued at $453,000 after buying an additional 488 shares in the last quarter. Donoghue Forlines LLC purchased a new position in shares of Guidewire Software in the fourth quarter valued at about $2,110,000. GDS Wealth Management grew its position in shares of Guidewire Software by 618.5% during the fourth quarter. GDS Wealth Management now owns 18,752 shares of the technology company's stock worth $3,161,000 after purchasing an additional 16,142 shares in the last quarter. Banco Santander S.A. bought a new stake in Guidewire Software during the 4th quarter valued at approximately $427,000. Finally, Amica Mutual Insurance Co. lifted its holdings in Guidewire Software by 118.8% in the 4th quarter. Amica Mutual Insurance Co. now owns 7,064 shares of the technology company's stock worth $1,191,000 after purchasing an additional 3,835 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have issued reports on GWRE. JPMorgan Chase & Co. lifted their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a report on Friday, March 7th. The Goldman Sachs Group raised their price target on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a report on Monday, February 10th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. Finally, Robert W. Baird boosted their target price on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $206.08.

Guidewire Software Stock Up 1.7 %

Shares of GWRE stock traded up $3.49 during mid-day trading on Friday, hitting $208.10. The stock had a trading volume of 93,798 shares, compared to its average volume of 911,158. The firm has a market capitalization of $17.46 billion, a P/E ratio of 577.88, a price-to-earnings-growth ratio of 37.21 and a beta of 1.19. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. Guidewire Software, Inc. has a 12-month low of $107.65 and a 12-month high of $219.59. The firm's 50-day moving average is $190.09 and its two-hundred day moving average is $190.68.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its earnings results on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The business had revenue of $289.48 million for the quarter, compared to analysts' expectations of $285.74 million. On average, analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Transactions at Guidewire Software

In related news, President John P. Mullen sold 3,000 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $208.79, for a total transaction of $626,370.00. Following the transaction, the president now directly owns 174,746 shares of the company's stock, valued at $36,485,217.34. This represents a 1.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $198.22, for a total value of $277,508.00. Following the completion of the sale, the chief executive officer now directly owns 254,393 shares of the company's stock, valued at approximately $50,425,780.46. This represents a 0.55 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 36,771 shares of company stock valued at $7,134,011. Corporate insiders own 0.48% of the company's stock.

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.