Ashton Thomas Private Wealth LLC Takes Position in Guidewire Software, Inc. (NYSE:GWRE)

Ashton Thomas Private Wealth LLC purchased a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 1,215 shares of the technology company’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in shares of Guidewire Software by 10.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 595 shares of the technology company’s stock valued at $100,000 after acquiring an additional 56 shares during the period. Hanseatic Management Services Inc. lifted its holdings in Guidewire Software by 12.1% in the fourth quarter. Hanseatic Management Services Inc. now owns 539 shares of the technology company’s stock worth $91,000 after purchasing an additional 58 shares during the period. Norden Group LLC lifted its holdings in Guidewire Software by 5.2% in the fourth quarter. Norden Group LLC now owns 1,232 shares of the technology company’s stock worth $208,000 after purchasing an additional 61 shares during the period. Argonautica Private Wealth Management Inc. lifted its holdings in Guidewire Software by 1.9% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 4,040 shares of the technology company’s stock worth $681,000 after purchasing an additional 75 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in Guidewire Software by 3.7% in the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock worth $448,000 after purchasing an additional 87 shares during the period.

Guidewire Software Price Performance

NYSE GWRE opened at $172.93 on Wednesday. The stock’s 50-day moving average price is $194.72 and its two-hundred day moving average price is $185.42. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The company has a market cap of $14.44 billion, a PE ratio of 480.37, a PEG ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.59.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.44). The company had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. On average, analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Insiders Place Their Bets

In other Guidewire Software news, CEO Michael George Rosenbaum sold 5,932 shares of Guidewire Software stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the transaction, the chief executive officer now owns 281,730 shares of the company’s stock, valued at $48,192,733.80. The trade was a 2.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President John P. Mullen sold 7,165 shares of Guidewire Software stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $1,225,644.90. Following the transaction, the president now directly owns 182,096 shares in the company, valued at approximately $31,149,341.76. This trade represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,056 shares of company stock worth $8,094,892. Company insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GWRE. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a report on Friday, March 7th. JPMorgan Chase & Co. upped their price objective on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Wells Fargo & Company upped their price objective on shares of Guidewire Software from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Oppenheimer upped their price objective on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, Royal Bank of Canada upped their price objective on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $206.08.

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.