&Partners Takes Position in Guidewire Software, Inc. (NYSE:GWRE)

&Partners acquired a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,440 shares of the technology company’s stock, valued at approximately $750,000.

Other large investors also recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new position in shares of Guidewire Software during the 4th quarter valued at about $27,000. ORG Partners LLC acquired a new position in shares of Guidewire Software in the first quarter worth about $29,000. Lynx Investment Advisory acquired a new position in shares of Guidewire Software in the second quarter worth about $41,000. Lindbrook Capital LLC boosted its holdings in shares of Guidewire Software by 45.7% in the fourth quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock worth $46,000 after buying an additional 132 shares during the period. Finally, GAMMA Investing LLC acquired a new position in shares of Guidewire Software in the fourth quarter worth about $56,000.

Analyst Upgrades and Downgrades

Several brokerages have commented on GWRE. Robert W. Baird raised their target price on shares of Guidewire Software from $140.00 to $152.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. Oppenheimer increased their price target on shares of Guidewire Software from $140.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday. Citigroup increased their price target on shares of Guidewire Software from $109.00 to $122.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 4th. Royal Bank of Canada increased their price target on shares of Guidewire Software from $130.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. Finally, The Goldman Sachs Group increased their price target on shares of Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $141.54.

Insiders Place Their Bets

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $139.12, for a total transaction of $187,812.00. Following the completion of the sale, the insider now directly owns 139,171 shares of the company’s stock, valued at approximately $19,361,469.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $139.12, for a total transaction of $187,812.00. Following the completion of the transaction, the insider now directly owns 139,171 shares in the company, valued at approximately $19,361,469.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael George Rosenbaum sold 5,582 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total value of $751,002.28. Following the transaction, the chief executive officer now owns 239,793 shares of the company’s stock, valued at $32,261,750.22. The disclosure for this sale can be found here. In the last three months, insiders sold 13,064 shares of company stock valued at $1,782,775. 0.38% of the stock is currently owned by insiders.

Guidewire Software Trading Down 0.6 %

Shares of Guidewire Software stock traded down $0.81 during trading on Friday, reaching $145.79. The company’s stock had a trading volume of 161,287 shares, compared to its average volume of 626,737. The stock has a market capitalization of $12.05 billion, a P/E ratio of -1,131.31 and a beta of 1.19. Guidewire Software, Inc. has a one year low of $79.96 and a one year high of $153.85. The stock has a 50-day moving average price of $141.91 and a two-hundred day moving average price of $125.65.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Tuesday, June 4th. The technology company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.14. The firm had revenue of $240.68 million during the quarter, compared to analysts’ expectations of $231.46 million. Guidewire Software had a negative return on equity of 1.19% and a negative net margin of 1.11%. As a group, sell-side analysts anticipate that Guidewire Software, Inc. will post -0.31 EPS 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.