2,649 Shares in Guidewire Software, Inc. (NYSE:GWRE) Purchased by Edmonds Duncan Registered Investment Advisors LLC

Edmonds Duncan Registered Investment Advisors LLC acquired a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,649 shares of the technology company’s stock, valued at approximately $309,000.

Other hedge funds have also recently bought and sold shares of the company. Linonia Partnership LP bought a new position in shares of Guidewire Software during the fourth quarter worth about $189,965,000. Massachusetts Financial Services Co. MA bought a new position in Guidewire Software during the 4th quarter worth approximately $105,311,000. Norges Bank acquired a new position in shares of Guidewire Software in the 4th quarter worth approximately $97,829,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of Guidewire Software by 628.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 313,151 shares of the technology company’s stock valued at $28,184,000 after acquiring an additional 270,169 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado increased its holdings in shares of Guidewire Software by 3,308.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 189,525 shares of the technology company’s stock valued at $20,666,000 after acquiring an additional 183,964 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Bank of America upped their target price on Guidewire Software from $80.00 to $95.00 and gave the company an “underperform” rating in a report on Wednesday, June 5th. DA Davidson reiterated a “buy” rating and issued a $126.00 price objective on shares of Guidewire Software in a research report on Tuesday, March 5th. Wells Fargo & Company upped their target price on shares of Guidewire Software from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, June 21st. Royal Bank of Canada boosted their price objective on Guidewire Software from $130.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. Finally, Citigroup raised their target price on Guidewire Software from $109.00 to $122.00 and gave the company a “neutral” rating in a research report on Tuesday, June 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Guidewire Software has a consensus rating of “Moderate Buy” and a consensus target price of $133.08.

Guidewire Software Stock Performance

GWRE stock traded down $0.18 during mid-day trading on Tuesday, hitting $138.81. The stock had a trading volume of 61,964 shares, compared to its average volume of 630,983. Guidewire Software, Inc. has a 1-year low of $74.03 and a 1-year high of $139.91. The company has a fifty day moving average of $123.57 and a 200 day moving average of $116.79.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Tuesday, June 4th. The technology company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.14. The business had revenue of $240.68 million for the quarter, compared to the consensus estimate of $231.46 million. Guidewire Software had a negative net margin of 1.11% and a negative return on equity of 1.19%. Analysts predict that Guidewire Software, Inc. will post -0.31 earnings per share for the current fiscal year.

Insider Activity

In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 1,765 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $134.20, for a total transaction of $236,863.00. Following the completion of the transaction, the chief financial officer now owns 61,714 shares of the company’s stock, valued at approximately $8,282,018.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Michael George Rosenbaum sold 5,582 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total value of $751,002.28. Following the completion of the transaction, the chief executive officer now directly owns 239,793 shares of the company’s stock, valued at $32,261,750.22. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jeffrey Elliott Cooper sold 1,765 shares of Guidewire Software stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $134.20, for a total transaction of $236,863.00. Following the sale, the chief financial officer now owns 61,714 shares in the company, valued at approximately $8,282,018.80. The disclosure for this sale can be found here. Insiders have sold a total of 13,064 shares of company stock valued at $1,710,361 over the last 90 days. 0.38% of the stock is currently owned by company insiders.

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.