Stephens Investment Management Group LLC reduced its stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 848,506 shares of the technology company's stock after selling 10,153 shares during the period. Guidewire Software makes up approximately 2.1% of Stephens Investment Management Group LLC's portfolio, making the stock its 2nd biggest position. Stephens Investment Management Group LLC owned about 1.03% of Guidewire Software worth $155,226,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. raised its holdings in Guidewire Software by 21.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company's stock valued at $63,000 after buying an additional 60 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Guidewire Software by 4.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company's stock worth $283,000 after purchasing an additional 79 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Guidewire Software by 1.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company's stock worth $1,252,000 after purchasing an additional 116 shares in the last quarter. CHICAGO TRUST Co NA lifted its position in shares of Guidewire Software by 4.8% during the second quarter. CHICAGO TRUST Co NA now owns 2,845 shares of the technology company's stock worth $392,000 after purchasing an additional 130 shares in the last quarter. Finally, Legacy Advisors LLC lifted its position in shares of Guidewire Software by 1.6% during the second quarter. Legacy Advisors LLC now owns 8,329 shares of the technology company's stock worth $1,148,000 after purchasing an additional 135 shares in the last quarter.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the stock. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research report on Friday, October 11th. Royal Bank of Canada upped their target price on shares of Guidewire Software from $180.00 to $215.00 and gave the stock an "outperform" rating in a research note on Friday, October 11th. JPMorgan Chase & Co. upped their target price on shares of Guidewire Software from $170.00 to $210.00 and gave the stock an "overweight" rating in a research note on Thursday, October 3rd. BTIG Research upped their target price on shares of Guidewire Software from $140.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. Finally, Robert W. Baird upped their target price on shares of Guidewire Software from $175.00 to $204.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Guidewire Software currently has an average rating of "Moderate Buy" and a consensus target price of $178.62.
View Our Latest Research Report on Guidewire Software
Guidewire Software Stock Performance
Guidewire Software stock traded down $0.22 during midday trading on Friday, reaching $186.04. The company's stock had a trading volume of 649,129 shares, compared to its average volume of 696,319. Guidewire Software, Inc. has a fifty-two week low of $89.08 and a fifty-two week high of $191.48. The stock's 50 day simple moving average is $173.80 and its 200 day simple moving average is $145.71. The firm has a market capitalization of $15.54 billion, a PE ratio of -2,325.21, a P/E/G ratio of 49.03 and a beta of 1.19.
Guidewire Software (NYSE:GWRE - Get Free Report) last released its earnings results on Thursday, September 5th. The technology company reported $0.62 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 company had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. During the same quarter last year, the company earned $0.30 earnings per share. Guidewire Software's quarterly revenue was up 8.0% compared to the same quarter last year. Equities analysts predict that Guidewire Software, Inc. will post 0.53 earnings per share for the current year.
Insider Transactions at Guidewire Software
In related news, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $187.68, for a total transaction of $253,368.00. Following the completion of the sale, the president now owns 190,611 shares in the company, valued at approximately $35,773,872.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Guidewire Software news, insider James Winston King sold 4,514 shares of Guidewire Software stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $172.66, for a total value of $779,387.24. Following the completion of the sale, the insider now owns 48,237 shares in the company, valued at $8,328,600.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President John P. Mullen sold 1,350 shares of the business's stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $187.68, for a total value 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 disclosure for this sale can be found here. Insiders sold 52,601 shares of company stock valued at $9,050,448 in the last 90 days. 0.38% of the stock is currently owned by insiders.
About Guidewire Software
(
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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