Wedmont Private Capital bought a new stake in Guidewire Software, Inc. (NYSE:GWRE – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,499 shares of the technology company’s stock, valued at approximately $207,000.
Several other institutional investors and hedge funds also recently made changes to their positions in GWRE. Transcendent Capital Group LLC acquired a new position in Guidewire Software during the 4th quarter worth about $27,000. ORG Partners LLC acquired a new position in Guidewire Software during the 1st quarter worth about $29,000. Lynx Investment Advisory acquired a new position in Guidewire Software during the 2nd quarter worth about $41,000. Lindbrook Capital LLC lifted its position in Guidewire Software by 45.7% during the 4th quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock worth $46,000 after buying an additional 132 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in Guidewire Software during the 4th quarter worth about $56,000.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. Robert W. Baird boosted their price objective on Guidewire Software from $140.00 to $152.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. JPMorgan Chase & Co. boosted their price objective on Guidewire Software from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. BTIG Research boosted their price objective on Guidewire Software from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, June 5th. Citigroup boosted their price objective on Guidewire Software from $109.00 to $122.00 and gave the stock a “neutral” rating in a report on Tuesday, June 4th. Finally, Oppenheimer boosted their price objective on Guidewire Software from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $137.31.
Insiders Place Their Bets
In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $123.16, for a total transaction of $166,266.00. Following the sale, the insider now directly owns 146,697 shares in the company, valued at approximately $18,067,202.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Jeffrey Elliott Cooper sold 1,765 shares of the firm’s stock in a transaction that occurred 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 directly owns 61,714 shares of the company’s stock, valued at approximately $8,282,018.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $123.16, for a total transaction of $166,266.00. Following the transaction, the insider now directly owns 146,697 shares of the company’s stock, valued at $18,067,202.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,064 shares of company stock worth $1,747,850. Company insiders own 0.38% of the company’s stock.
Guidewire Software Stock Performance
NYSE GWRE opened at $146.73 on Wednesday. The stock has a market cap of $12.13 billion, a price-to-earnings ratio of -1,128.69 and a beta of 1.19. The business has a 50 day simple moving average of $139.76 and a 200 day simple moving average of $124.15. Guidewire Software, Inc. has a 52-week low of $78.05 and a 52-week high of $153.85.
Guidewire Software (NYSE:GWRE – Get Free Report) last announced its earnings results on Tuesday, June 4th. The technology company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.14. The firm 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%. On average, analysts predict that Guidewire Software, Inc. will post -0.31 EPS for the current year.
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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