Guidewire Software, Inc. (NYSE:GWRE) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can increased its holdings in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 48.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 45,703 shares of the technology company's stock after acquiring an additional 14,970 shares during the period. Bank of Montreal Can owned approximately 0.05% of Guidewire Software worth $8,134,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA lifted its stake in Guidewire Software by 24.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company's stock worth $626,918,000 after acquiring an additional 679,558 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Guidewire Software by 18,001.5% during the third quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company's stock worth $472,220,000 after purchasing an additional 256,702 shares in the last quarter. Teca Partners LP purchased a new position in shares of Guidewire Software in the second quarter valued at approximately $25,893,000. Linonia Partnership LP boosted its stake in shares of Guidewire Software by 8.4% in the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company's stock valued at $330,329,000 after purchasing an additional 185,077 shares during the period. Finally, Great Lakes Advisors LLC purchased a new stake in Guidewire Software during the 2nd quarter worth approximately $22,318,000.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Stifel Nicolaus upped their price objective on Guidewire Software from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Robert W. Baird increased their price target on Guidewire Software from $204.00 to $220.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. JMP Securities boosted their price objective on Guidewire Software from $200.00 to $231.00 and gave the stock a "market outperform" rating in a research report on Monday, November 25th. Wells Fargo & Company upped their target price on shares of Guidewire Software from $205.00 to $215.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 19th. Finally, Citigroup boosted 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Guidewire Software has an average rating of "Moderate Buy" and an average target price of $186.08.

Insider Activity

In other news, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $4,024,928.64. Following the sale, the chief executive officer now owns 287,662 shares of the company's stock, valued at $49,523,889.92. The trade was a 7.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President John P. Mullen sold 1,350 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total transaction of $266,922.00. Following the transaction, the president now directly owns 189,261 shares of the company's stock, valued at $37,420,684.92. This represents a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,601 shares of company stock valued at $9,116,179. Insiders own 0.48% of the company's stock.

Guidewire Software Price Performance

GWRE traded up $3.19 on Tuesday, reaching $204.07. The company had a trading volume of 1,092,773 shares, compared to its average volume of 700,605. Guidewire Software, Inc. has a 1 year low of $95.02 and a 1 year high of $207.10. The stock has a 50-day moving average price of $189.83 and a 200-day moving average price of $158.96.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.08. The business had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The company's revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 earnings per share. As a group, sell-side analysts anticipate that Guidewire Software, Inc. will post 0.53 EPS for the current year.

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.