GDS Wealth Management Invests $477,000 in Guidewire Software, Inc. (NYSE:GWRE)

GDS Wealth Management purchased a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,610 shares of the technology company's stock, valued at approximately $477,000.

A number of other large investors have also recently modified their holdings of GWRE. Janney Montgomery Scott LLC raised its holdings in shares of Guidewire Software by 11.6% in the first quarter. Janney Montgomery Scott LLC now owns 9,693 shares of the technology company's stock valued at $1,131,000 after acquiring an additional 1,010 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Guidewire Software in the 1st quarter worth approximately $417,000. Swiss National Bank raised its stake in shares of Guidewire Software by 0.7% during the 1st quarter. Swiss National Bank now owns 153,600 shares of the technology company's stock worth $17,927,000 after acquiring an additional 1,100 shares in the last quarter. Sei Investments Co. increased its position in shares of Guidewire Software by 8.1% during the first quarter. Sei Investments Co. now owns 400,284 shares of the technology company's stock worth $46,717,000 after purchasing an additional 30,161 shares in the last quarter. Finally, Baron Wealth Management LLC acquired a new stake in shares of Guidewire Software in the 1st quarter worth $210,000.

Insider Activity

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction on Friday, October 18th. The shares were sold at an average price of $187.68, for a total transaction of $253,368.00. Following the sale, the president now owns 190,611 shares of the company's stock, valued at $35,773,872.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider James Winston King sold 4,514 shares of Guidewire Software stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $172.66, for a total transaction of $779,387.24. Following the transaction, the insider now owns 48,237 shares in the company, valued at approximately $8,328,600.42. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, President John P. Mullen sold 1,350 shares of the business's stock in a transaction on Friday, October 18th. The stock was sold at an average price of $187.68, for a total value of $253,368.00. Following the transaction, the president now directly owns 190,611 shares in the company, valued at $35,773,872.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,601 shares of company stock worth $9,050,448 over the last quarter. 0.38% of the stock is currently owned by corporate insiders.

Guidewire Software Price Performance

NYSE GWRE traded up $0.97 during trading hours on Monday, reaching $195.90. The company's stock had a trading volume of 279,098 shares, compared to its average volume of 695,000. The firm has a market capitalization of $16.36 billion, a price-to-earnings ratio of -2,436.32, a P/E/G ratio of 50.42 and a beta of 1.18. The company's 50-day moving average is $178.91 and its two-hundred day moving average is $149.59. Guidewire Software, Inc. has a 1-year low of $90.50 and a 1-year high of $196.93.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The firm had revenue of $291.50 million for the quarter, compared to analyst estimates of $283.84 million. During the same quarter last year, the firm posted $0.30 EPS. The business's revenue was up 8.0% on a year-over-year basis. Equities analysts forecast that Guidewire Software, Inc. will post 0.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GWRE. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research report on Friday, October 11th. Stifel Nicolaus lifted their target price on shares of Guidewire Software from $175.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, September 26th. Robert W. Baird upped their price target on shares of Guidewire Software from $175.00 to $204.00 and gave the company an "outperform" rating in a research note on Tuesday, October 8th. Citigroup raised their price target on shares of Guidewire Software from $123.00 to $165.00 and gave the stock a "neutral" rating in a report on Monday, September 9th. Finally, JMP Securities boosted their price objective on shares of Guidewire Software from $179.00 to $200.00 and gave the company a "market outperform" rating in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $178.62.

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.