Signaturefd LLC Purchases 325 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Signaturefd LLC grew its position in Guidewire Software, Inc. (NYSE:GWRE) by 5.8% during the second quarter, HoldingsChannel.com reports. The fund owned 5,912 shares of the technology company’s stock after acquiring an additional 325 shares during the quarter. Signaturefd LLC’s holdings in Guidewire Software were worth $815,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Alberta Investment Management Corp grew its holdings in shares of Guidewire Software by 11.1% in the fourth quarter. Alberta Investment Management Corp now owns 33,678 shares of the technology company’s stock valued at $3,672,000 after purchasing an additional 3,355 shares in the last quarter. Teca Partners LP increased its holdings in shares of Guidewire Software by 31.1% in the 4th quarter. Teca Partners LP now owns 195,599 shares of the technology company’s stock worth $21,328,000 after buying an additional 46,453 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of Guidewire Software during the 4th quarter valued at about $204,000. Wasatch Advisors LP lifted its holdings in shares of Guidewire Software by 4.2% in the 1st quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock valued at $335,513,000 after acquiring an additional 115,600 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Guidewire Software in the first quarter worth about $417,000.

Guidewire Software Stock Performance

GWRE traded up $1.20 during trading on Friday, hitting $148.70. 1,038,286 shares of the stock were exchanged, compared to its average volume of 630,046. The firm has a 50 day simple moving average of $143.33 and a 200 day simple moving average of $126.98. The firm has a market cap of $12.29 billion, a price-to-earnings ratio of -1,143.85 and a beta of 1.19. Guidewire Software, Inc. has a 1 year low of $81.52 and a 1 year high of $153.85.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings results on Tuesday, June 4th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.14. The business had revenue of $240.68 million for the quarter, compared to the consensus estimate 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, equities analysts anticipate that Guidewire Software, Inc. will post -0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on GWRE shares. Bank of America lifted their target price on Guidewire Software from $80.00 to $95.00 and gave the stock an “underperform” rating in a report on Wednesday, June 5th. The Goldman Sachs Group increased their target price on shares of Guidewire Software from $146.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. upped their price target on shares of Guidewire Software from $133.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Royal Bank of Canada raised their price objective on shares of Guidewire Software from $130.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. Finally, DA Davidson upped their target price on Guidewire Software from $142.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday. One equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.69.

Insiders Place Their Bets

In related news, CFO Jeffrey Elliott Cooper sold 1,765 shares of Guidewire Software stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $134.20, for a total transaction of $236,863.00. Following the transaction, the chief financial officer now directly owns 61,714 shares of the company’s stock, valued at $8,282,018.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CFO Jeffrey Elliott Cooper sold 1,765 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $134.20, for a total transaction of $236,863.00. Following the completion of the sale, the chief financial officer now directly owns 61,714 shares in the company, valued at approximately $8,282,018.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael George Rosenbaum sold 5,582 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total value of $751,002.28. Following the sale, the chief executive officer now directly owns 239,793 shares in the company, valued at approximately $32,261,750.22. The disclosure for this sale can be found here. Insiders have sold a total of 13,064 shares of company stock worth $1,782,775 in the last three months. Corporate insiders own 0.38% of the company’s stock.

About Guidewire Software

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.