LPL Financial LLC increased its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 34.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,704 shares of the technology company's stock after acquiring an additional 13,119 shares during the quarter. LPL Financial LLC owned about 0.06% of Guidewire Software worth $8,548,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in GWRE. Versant Capital Management Inc acquired a new stake in Guidewire Software during the fourth quarter worth approximately $25,000. Cullen Frost Bankers Inc. bought a new stake in Guidewire Software in the 4th quarter valued at $34,000. R Squared Ltd acquired a new position in shares of Guidewire Software in the fourth quarter valued at about $47,000. Tobam acquired a new position in shares of Guidewire Software during the 4th quarter worth approximately $52,000. Finally, Arcadia Investment Management Corp MI bought a new position in shares of Guidewire Software during the fourth quarter worth approximately $75,000.
Guidewire Software Price Performance
Shares of GWRE traded down $0.93 during trading hours on Thursday, reaching $187.90. The stock had a trading volume of 738,149 shares, compared to its average volume of 902,180. 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, Inc. has a 12 month low of $107.00 and a 12 month high of $219.59. The stock has a market capitalization of $15.76 billion, a PE ratio of 521.95, a PEG ratio of 37.21 and a beta of 1.19. The company's 50-day moving average is $195.48 and its two-hundred day moving average is $189.36.
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 the consensus estimate of $0.52 by ($0.44). The firm had revenue of $289.48 million during the quarter, compared to the consensus estimate of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. Research analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current year.
Insider Buying and Selling
In other news, insider James Winston King sold 270 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total value of $47,190.60. Following the sale, the insider now directly owns 45,664 shares of the company's stock, valued at approximately $7,981,153.92. This represents a 0.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Monday, April 7th. The stock was sold at an average price of $167.82, for a total transaction of $234,948.00. Following the transaction, the chief executive officer now directly owns 258,593 shares of the company's stock, valued at $43,397,077.26. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,280 shares of company stock worth $8,085,170 in the last ninety days. Company insiders own 0.48% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on GWRE shares. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. JPMorgan Chase & Co. increased their target price on Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Robert W. Baird upped their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Finally, The Goldman Sachs Group raised their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $206.08.
Get Our Latest Analysis on GWRE
Guidewire Software Company Profile
(
Free Report)
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.
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