Vise Technologies Inc. Takes Position in Guidewire Software, Inc. $GWRE

Vise Technologies Inc. bought a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 3,832 shares of the technology company’s stock, valued at approximately $472,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advisors Asset Management Inc. bought a new stake in Guidewire Software in the first quarter valued at $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Guidewire Software in the 3rd quarter valued at $29,000. Leonteq Securities AG bought a new stake in Guidewire Software during the 1st quarter worth about $36,000. Bogart Wealth LLC raised its stake in shares of Guidewire Software by 127.8% during the first quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock worth $37,000 after buying an additional 138 shares during the last quarter. Finally, Harbour Investments Inc. raised its position in shares of Guidewire Software by 83.0% during the 4th quarter. Harbour Investments Inc. now owns 247 shares of the technology company’s stock valued at $50,000 after acquiring an additional 112 shares during the last quarter.

Insider Activity at Guidewire Software

In other news, insider James Winston King sold 1,684 shares of Guidewire Software stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $130.64, for a total value of $219,997.76. Following the completion of the transaction, the insider owned 30,018 shares of the company’s stock, valued at $3,921,551.52. This trade represents a 5.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President John P. Mullen sold 14,400 shares of Guidewire Software stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $185.00, for a total value of $2,664,000.00. Following the transaction, the president owned 116,715 shares of the company’s stock, valued at $21,592,275. The trade was a 10.98% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 44,593 shares of company stock valued at $6,631,278. 0.46% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. BTIG Research reiterated a “buy” rating and issued a $175.00 price target on shares of Guidewire Software in a research report on Thursday, July 2nd. The Goldman Sachs Group reduced their price target on shares of Guidewire Software from $255.00 to $225.00 and set a “buy” rating for the company in a report on Friday, June 5th. Royal Bank Of Canada lowered their price objective on shares of Guidewire Software from $250.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, June 5th. DA Davidson dropped their price objective on shares of Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a report on Monday, June 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $221.64.

Guidewire Software Price Performance

Shares of GWRE opened at $191.82 on Tuesday. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. Guidewire Software, Inc. has a twelve month low of $102.30 and a twelve month high of $272.60. The stock has a market capitalization of $15.97 billion, a P/E ratio of 103.69 and a beta of 0.92. The company has a 50 day moving average of $146.04 and a 200-day moving average of $142.33.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The business had revenue of $372.54 million for the quarter, compared to analyst estimates of $355.92 million. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 earnings per share. As a group, equities research analysts forecast that Guidewire Software, Inc. will post 1.83 EPS for the current fiscal year.

About Guidewire Software

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.