Orion Porfolio Solutions LLC Grows Holdings in Guidewire Software, Inc. $GWRE

Orion Porfolio Solutions LLC increased its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 12.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,751 shares of the technology company’s stock after acquiring an additional 3,119 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Guidewire Software were worth $6,534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of GWRE. Vanguard Group Inc. grew its holdings in Guidewire Software by 2.4% in the second quarter. Vanguard Group Inc. now owns 8,922,651 shares of the technology company’s stock worth $2,100,838,000 after purchasing an additional 211,047 shares during the period. Linonia Partnership LP boosted its position in shares of Guidewire Software by 41.8% in the 1st quarter. Linonia Partnership LP now owns 3,396,310 shares of the technology company’s stock worth $636,333,000 after purchasing an additional 1,000,709 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Guidewire Software by 1.5% in the 1st quarter. Wellington Management Group LLP now owns 1,672,767 shares of the technology company’s stock worth $313,410,000 after purchasing an additional 24,991 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Guidewire Software by 5.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,578,442 shares of the technology company’s stock worth $372,105,000 after buying an additional 84,152 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Guidewire Software by 6.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,069,464 shares of the technology company’s stock valued at $251,677,000 after buying an additional 67,851 shares in the last quarter.

Insider Buying and Selling

In other Guidewire Software news, President John P. Mullen sold 3,000 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $213.44, for a total transaction of $640,320.00. Following the completion of the sale, the president directly owned 149,958 shares of the company’s stock, valued at $32,007,035.52. This trade represents a 1.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $204.34, for a total transaction of $286,076.00. Following the sale, the chief executive officer owned 246,758 shares in the company, valued at approximately $50,422,529.72. The trade was a 0.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 43,093 shares of company stock worth $10,156,995. 0.46% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on GWRE. Citizens Jmp reiterated a “market outperform” rating and set a $281.00 price objective on shares of Guidewire Software in a research note on Wednesday, December 10th. Raymond James Financial restated an “outperform” rating and set a $275.00 price target (up from $255.00) on shares of Guidewire Software in a report on Friday, September 5th. Oppenheimer upped their price target on shares of Guidewire Software from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. The Goldman Sachs Group increased their price objective on shares of Guidewire Software from $270.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Finally, Robert W. Baird raised their price objective on shares of Guidewire Software from $270.00 to $288.00 and gave the company an “outperform” rating in a research note on Friday, September 5th. Ten research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $272.92.

Guidewire Software Stock Performance

Shares of NYSE GWRE opened at $194.14 on Tuesday. Guidewire Software, Inc. has a 12-month low of $165.08 and a 12-month high of $272.60. The firm has a market capitalization of $16.51 billion, a price-to-earnings ratio of 184.90, a price-to-earnings-growth ratio of 13.43 and a beta of 1.08. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average of $224.56 and a 200 day moving average of $228.77.

Guidewire Software (NYSE:GWRE) last released its earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The company had revenue of $332.64 million for the quarter, compared to the consensus estimate of $316.62 million. During the same period in the previous year, the business earned $0.43 earnings per share. Guidewire Software’s quarterly revenue was up 26.5% compared to the same quarter last year. On average, research analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current 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.