SG Americas Securities LLC acquired a new stake in Guidewire Software, Inc. (NYSE:GWRE – Free Report ) during the first quarter, according to the latest filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,575 shares of the technology company’s stock worth about $417,000.
Several other institutional investors and hedge funds also bought and sold shares of the company. Partners Capital Investment Group LLP increased its stake in Guidewire Software by 2.9% in the fourth quarter. Partners Capital Investment Group LLP now owns 3,468 shares of the technology company’s stock valued at $378,000. It purchased an additional 99 shares during the period. Greenwich Wealth Management LLC increased its stake in Guidewire Software by 0.3% in the fourth quarter. Greenwich Wealth Management LLC now owns 37,151 shares of the technology company’s stock valued at $4,051,000. It purchased an additional 101 shares during the period. Lindbrook Capital LLC increased its stake in Guidewire Software by 45.7% in the fourth quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock valued at $46,000. It purchased an additional 132 shares during the period. Parkside Financial Bank & Trust increased its holdings in Guidewire Software by 8.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,803 shares of the technology company’s stock, valued at $197,000, after purchasing an additional 142 shares during the period. Finally, CWM LLC increased its holdings in Guidewire Software by 18.4% during the fourth quarter. CWM LLC now owns 1,154 shares of the technology company’s stock, valued at $126,000, after purchasing an additional 179 shares during the last quarter.
Analyst Rating Changes
A number of research analysts have recently commented on GWRE stock. JPMorgan Chase & Co. increased their price target on Guidewire Software from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. BTIG Research increased their price target on Guidewire Software from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Bank of America increased their price target on Guidewire Software from $80.00 to $95.00 and gave the stock an “underperform” rating in a report on Wednesday, June 5th. Stifel Nicolaus increased their price target on Guidewire Software from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Finally, Oppenheimer raised their price target on Guidewire Software from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, June 5th. One analyst has rated the stock as a sell, two have rated it as a hold, and eleven have rated it as a buy. According to MarketBeat data, the company currently has an average rating of a “moderate buy” and an average price target of $133.08.
Read the latest Guidewire Software report
Insider Trading at Guidewire Software
In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 1,765 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $134.20, for a total transaction value of $236,863.00. Following the completion of the sale, the CFO now owns 61,714 shares of the company’s stock, valued at approximately $8,282,018.80. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed on the SEC’s website. In other news, CFO Jeffrey Elliott Cooper sold 1,765 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $134.20, for a total transaction value of $236,863.00.Following the completion of the sale, the CFO now owns 61,714 shares of the company’s stock, valued at approximately $8,282,018.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Additionally, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $123.16, for a total transaction value of $166,266.00. Following the sale, the insider now directly owns 146,697 shares of the company’s stock, valued at approximately $18,067,202.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,714 shares of the company’s stock for $1,560,038. 0.38% of the stock is currently owned by company insiders.
Guidewire Software Stock Performance
NYSE:GWRE opened trading at $141.56 on Friday. The company has a market cap of $11.7 billion, a price-to-earnings ratio (P/E) of -1,088.84 and a beta of 1.19. The company’s 50-day simple moving average is $130.72 and its 200-day simple moving average is $119.89. Guidewire Software, Inc.’s 52-week low is $77.50 and its 52-week high is $143.60.
Guidewire Software (NYSE:GWRE – Get free report ) announced its latest earnings results on Tuesday, June 4th. The technology company reported quarterly earnings per share of ($0.09), beating analysts’ consensus estimates of ($0.23) by $0.14. The business had revenue of $240.68 million for the quarter, beating the consensus estimate of $231.46 million. Guidewire Software had a net margin of -1.11% and a return on equity of -1.19%. Research analysts expect that Guidewire Software, Inc. will post -0.31 EPS for the current fiscal year.
Guidewire Software Company Profile
(Free report)
Guidewire Software, Inc. provides a platform to property and casualty insurance companies worldwide. The company offers Guidewire InsuranceSuite Cloud, which includes PolicyCenter Cloud, BillingCenter Cloud and ClaimCenter Cloud applications, Guidewire InsuranceNow, a cloud-based platform that provides insurers with policy, billing and claims management capabilities, and Guidewire InsuranceSuite for Self-Managed.
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