Segall Bryant & Hamill LLC Raises Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Segall Bryant & Hamill LLC boosted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 2.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 126,133 shares of the technology company’s stock after acquiring an additional 2,418 shares during the period. Segall Bryant & Hamill LLC owned about 0.15% of Guidewire Software worth $23,075,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GWRE. Rothschild Investment LLC acquired a new position in shares of Guidewire Software during the 2nd quarter worth about $31,000. Assetmark Inc. raised its holdings in shares of Guidewire Software by 537.0% during the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after acquiring an additional 145 shares during the last quarter. Lynx Investment Advisory acquired a new position in Guidewire Software during the second quarter worth about $41,000. DT Investment Partners LLC purchased a new position in Guidewire Software in the 2nd quarter worth approximately $41,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Guidewire Software during the 2nd quarter worth approximately $55,000.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Stifel Nicolaus upped their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday. Oppenheimer upped their price objective on shares of Guidewire Software from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday. DA Davidson reiterated a “buy” rating and issued a $168.00 target price on shares of Guidewire Software in a report on Friday, September 6th. BTIG Research upped their price target on Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, JMP Securities increased their target price on Guidewire Software from $179.00 to $200.00 and gave the stock a “market outperform” rating in a research note on Friday, October 11th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $183.69.

Insider Buying and Selling at Guidewire Software

In related news, insider John P. Mullen sold 6,718 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $1,156,570.88. Following the transaction, the insider now owns 160,099 shares of the company’s stock, valued at $27,562,643.84. This represents a 4.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider James Winston King sold 4,514 shares of the stock in a transaction on 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 transaction, the insider now owns 48,237 shares of the company’s stock, valued at $8,328,600.42. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,251 shares of company stock worth $8,849,257. 0.48% of the stock is currently owned by insiders.

Guidewire Software Trading Up 1.2 %

Shares of Guidewire Software stock opened at $196.35 on Wednesday. The company has a fifty day simple moving average of $184.55 and a 200-day simple moving average of $153.67. Guidewire Software, Inc. has a 12-month low of $95.02 and a 12-month high of $199.33. The stock has a market cap of $16.40 billion, a price-to-earnings ratio of -2,454.01, a PEG ratio of 49.72 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last announced 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 net margin of 0.62% and a negative return on equity of 1.29%. The business had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $283.84 million. During the same period in the previous year, the company posted $0.30 EPS. The company’s quarterly revenue was up 8.0% on a year-over-year basis. On average, analysts forecast that Guidewire Software, Inc. will post 0.53 earnings per share for the current fiscal 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.