OneAscent Financial Services LLC Buys Shares of 1,223 Guidewire Software, Inc. (NYSE:GWRE)

OneAscent Financial Services LLC purchased a new position in Guidewire Software, Inc. (NYSE:GWRE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,223 shares of the technology company’s stock, valued at approximately $206,000.

Several other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc acquired a new stake in Guidewire Software during the 4th quarter worth $25,000. Cullen Frost Bankers Inc. acquired a new position in Guidewire Software during the fourth quarter worth about $34,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Guidewire Software by 101.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company’s stock valued at $34,000 after acquiring an additional 99 shares in the last quarter. R Squared Ltd acquired a new stake in Guidewire Software in the 4th quarter valued at about $47,000. Finally, Tobam purchased a new position in Guidewire Software in the 4th quarter worth approximately $52,000.

Guidewire Software Stock Performance

Shares of GWRE stock opened at $174.35 on Friday. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $219.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The firm’s 50 day moving average price is $198.84 and its 200-day moving average price is $189.07. The firm has a market cap of $14.62 billion, a P/E ratio of 484.30, a P/E/G ratio of 37.21 and a beta of 1.31.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.44). The firm had revenue of $289.48 million for the quarter, compared to analysts’ expectations of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. As a group, equities research analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GWRE shares. The Goldman Sachs Group increased their price target on Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a report on Monday, February 10th. Robert W. Baird lifted their price target on Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a report on Friday, March 7th. Oppenheimer lifted their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, JMP Securities reissued a “market outperform” rating and issued a $231.00 price target on shares of Guidewire Software in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $206.08.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $214.68, for a total value of $300,552.00. Following the completion of the transaction, the chief executive officer now owns 274,730 shares in the company, valued at $58,979,036.40. The trade was a 0.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Jeffrey Elliott Cooper sold 300 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total value of $52,434.00. Following the sale, the chief financial officer now directly owns 73,494 shares in the company, valued at $12,845,281.32. This represents a 0.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,880 shares of company stock valued at $7,850,222 in the last three months. 0.48% of the stock is owned by corporate 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.