TD Private Client Wealth LLC Buys Shares of 6,673 Guidewire Software, Inc. (NYSE:GWRE)

TD Private Client Wealth LLC bought a new position in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,673 shares of the technology company's stock, valued at approximately $1,125,000.

A number of other hedge funds also recently bought and sold shares of GWRE. Versant Capital Management Inc acquired a new position in Guidewire Software in the 4th quarter valued at about $25,000. Point72 Hong Kong Ltd purchased a new stake in shares of Guidewire Software during the third quarter worth $33,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Guidewire Software in the fourth quarter valued at $34,000. Brooklyn Investment Group purchased a new position in Guidewire Software in the third quarter valued at $42,000. Finally, R Squared Ltd purchased a new stake in Guidewire Software during the 4th quarter worth about $47,000.

Insider Buying and Selling at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 1,400 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $195.15, for a total value of $273,210.00. Following the sale, the chief executive officer now owns 261,393 shares in the company, valued at $51,010,843.95. This represents a 0.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President John P. Mullen sold 700 shares of Guidewire Software stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $210.00, for a total value of $147,000.00. Following the transaction, the president now directly owns 177,746 shares of the company's stock, valued at approximately $37,326,660. This represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,180 shares of company stock valued at $7,159,763. 0.48% of the stock is owned by company insiders.

Remove Ads

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on GWRE shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. Oppenheimer increased their price objective on Guidewire Software from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, December 6th. Robert W. Baird upped their price target on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Royal Bank of Canada raised their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. upped their target price 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $206.08.

Guidewire Software Stock Performance

Guidewire Software stock traded down $2.13 during trading hours on Thursday, reaching $191.44. 618,771 shares of the stock were exchanged, compared to its average volume of 865,885. The stock has a market cap of $16.06 billion, a P/E ratio of 531.77, a P/E/G ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59. The firm's 50 day moving average is $198.95 and its 200 day moving average is $188.37. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66.

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

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.