NewEdge Advisors LLC Acquires 2,436 Shares of Guidewire Software, Inc. (NYSE:GWRE)

NewEdge Advisors LLC increased its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 179.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,797 shares of the technology company's stock after purchasing an additional 2,436 shares during the quarter. NewEdge Advisors LLC's holdings in Guidewire Software were worth $640,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GWRE. Atomi Financial Group Inc. increased its position in Guidewire Software by 22.2% in the fourth quarter. Atomi Financial Group Inc. now owns 2,688 shares of the technology company's stock worth $453,000 after buying an additional 488 shares in the last quarter. Donoghue Forlines LLC purchased a new stake in Guidewire Software in the 4th quarter worth approximately $2,110,000. GDS Wealth Management raised its stake in Guidewire Software by 618.5% during the 4th quarter. GDS Wealth Management now owns 18,752 shares of the technology company's stock worth $3,161,000 after acquiring an additional 16,142 shares during the period. Banco Santander S.A. purchased a new position in Guidewire Software during the fourth quarter valued at approximately $427,000. Finally, Amica Mutual Insurance Co. lifted its holdings in Guidewire Software by 118.8% during the fourth quarter. Amica Mutual Insurance Co. now owns 7,064 shares of the technology company's stock valued at $1,191,000 after purchasing an additional 3,835 shares in the last quarter.

Guidewire Software Trading Down 1.4 %

Shares of GWRE opened at $197.12 on Friday. The stock has a market capitalization of $16.53 billion, a PE ratio of 547.56, a P/E/G ratio of 37.21 and a beta of 1.19. The company's fifty day moving average is $190.38 and its 200 day moving average is $190.22. 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 fifty-two week low of $107.65 and a fifty-two week high of $219.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $285.74 million. Sell-side analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Activity

In other Guidewire Software news, insider James Winston King sold 1,051 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $199,069.91. Following the transaction, the insider now owns 44,613 shares in the company, valued at $8,450,148.33. The trade was a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President John P. Mullen sold 6,116 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total transaction of $1,158,431.56. Following the completion of the sale, the president now owns 166,330 shares of the company's stock, valued at $31,504,565.30. This trade represents a 3.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,771 shares of company stock valued at $7,139,163 in the last ninety days. Insiders own 0.48% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Needham & Company LLC restated a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. Robert W. Baird boosted their price objective on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. upped their price objective on Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Finally, The Goldman Sachs Group lifted their target price on Guidewire Software from $210.00 to $240.00 and gave the company a "buy" rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $206.08.

Guidewire Software 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.

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