Raymond James Trust N.A. Grows Position in Guidewire Software, Inc. (NYSE:GWRE)

Raymond James Trust N.A. grew its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 5.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,118 shares of the technology company’s stock after purchasing an additional 836 shares during the quarter. Raymond James Trust N.A.’s holdings in Guidewire Software were worth $2,223,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GWRE. ORG Partners LLC purchased a new stake in Guidewire Software in the first quarter worth $29,000. Transcendent Capital Group LLC purchased a new stake in Guidewire Software in the fourth quarter worth $27,000. DT Investment Partners LLC purchased a new stake in Guidewire Software in the second quarter worth $41,000. Lynx Investment Advisory purchased a new stake in Guidewire Software in the second quarter worth $41,000. Finally, Banque Cantonale Vaudoise lifted its position in Guidewire Software by 78.5% during the first quarter. Banque Cantonale Vaudoise now owns 498 shares of the technology company’s stock valued at $58,000 after buying an additional 219 shares during the period.

Guidewire Software Stock Performance

Shares of NYSE GWRE traded down $0.78 during midday trading on Friday, hitting $145.82. 749,907 shares of the company’s stock traded hands, compared to its average volume of 630,458. Guidewire Software, Inc. has a 1 year low of $79.96 and a 1 year high of $153.85. The stock has a market capitalization of $12.05 billion, a price-to-earnings ratio of -1,121.69 and a beta of 1.19. The firm has a fifty day moving average of $142.16 and a 200 day moving average of $126.04.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Tuesday, June 4th. The technology company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.14. Guidewire Software had a negative net margin of 1.11% and a negative return on equity of 1.19%. The firm had revenue of $240.68 million during the quarter, compared to analyst estimates of $231.46 million. On average, equities analysts anticipate that Guidewire Software, Inc. will post -0.31 earnings per share for the current year.

Analyst Ratings Changes

GWRE has been the subject of several recent research reports. BTIG Research raised their price objective on Guidewire Software from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. Wells Fargo & Company raised their price objective on Guidewire Software from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their price objective on Guidewire Software from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. Oppenheimer raised their price objective on Guidewire Software from $140.00 to $170.00 and gave the company an “outperform” rating in a research report on Tuesday, August 20th. Finally, Citigroup raised their price objective on Guidewire Software from $109.00 to $122.00 and gave the company a “neutral” rating in a research report on Tuesday, June 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $141.54.

Insider Activity at Guidewire Software

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