Arkadios Wealth Advisors Lowers Position in Guidewire Software, Inc. (NYSE:GWRE)

Arkadios Wealth Advisors decreased its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 7.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,836 shares of the technology company’s stock after selling 219 shares during the period. Arkadios Wealth Advisors’ holdings in Guidewire Software were worth $391,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GWRE. Vanguard Group Inc. grew its position in Guidewire Software by 0.8% during the first quarter. Vanguard Group Inc. now owns 8,134,952 shares of the technology company’s stock valued at $949,430,000 after acquiring an additional 67,439 shares during the last quarter. Wasatch Advisors LP grew its stake in shares of Guidewire Software by 4.2% during the first quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock valued at $335,513,000 after buying an additional 115,600 shares during the last quarter. Whale Rock Capital Management LLC increased its holdings in shares of Guidewire Software by 23.4% in the first quarter. Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company’s stock worth $148,323,000 after buying an additional 240,622 shares during the period. Blair William & Co. IL boosted its holdings in Guidewire Software by 5.4% during the 1st quarter. Blair William & Co. IL now owns 1,244,416 shares of the technology company’s stock valued at $145,236,000 after acquiring an additional 64,149 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new stake in Guidewire Software in the fourth quarter valued at approximately $105,311,000.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GWRE shares. BTIG Research increased their price target on shares of Guidewire Software from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. JPMorgan Chase & Co. boosted their price target on Guidewire Software from $133.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, June 5th. Oppenheimer boosted their target price on Guidewire Software from $140.00 to $170.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. Wells Fargo & Company lifted their price target on shares of Guidewire Software from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, August 21st. Finally, The Goldman Sachs Group upped their price objective on shares of Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Guidewire Software currently has an average rating of “Moderate Buy” and a consensus price target of $144.77.

Insiders Place Their Bets

In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 3,017 shares of the firm’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 $405,907.18. Following the completion of the transaction, the chief financial officer now owns 63,479 shares in the company, valued at approximately $8,540,464.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Jeffrey Elliott Cooper sold 3,017 shares of the firm’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 $405,907.18. Following the completion of the sale, the chief financial officer now directly owns 63,479 shares of the company’s stock, valued at approximately $8,540,464.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael George Rosenbaum sold 5,582 shares of the stock in a transaction on 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 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 90 days. 0.38% of the stock is currently owned by corporate insiders.

Guidewire Software Stock Up 0.0 %

NYSE:GWRE traded up $0.07 on Friday, reaching $147.57. 172,024 shares of the company’s stock traded hands, compared to its average volume of 624,890. The firm has a market cap of $12.20 billion, a PE ratio of -1,135.00 and a beta of 1.19. The stock has a 50-day simple moving average of $143.11 and a 200-day simple moving average of $126.76. Guidewire Software, Inc. has a 12 month low of $81.52 and a 12 month high of $153.85.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Tuesday, June 4th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business 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.

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.