Dimensional Fund Advisors LP increased its stake in shares of Guidewire Software, Inc. (NYSE:GWRE – Get Rating) by 57.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 491,678 shares of the technology company’s stock after acquiring an additional 178,943 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Guidewire Software were worth $30,281,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Riverview Trust Co increased its position in Guidewire Software by 158.8% during the third quarter. Riverview Trust Co now owns 414 shares of the technology company’s stock worth $25,000 after acquiring an additional 254 shares during the period. Western Pacific Wealth Management LP boosted its stake in Guidewire Software by 3,727.3% during the third quarter. Western Pacific Wealth Management LP now owns 421 shares of the technology company’s stock worth $25,000 after buying an additional 410 shares in the last quarter. Ellevest Inc. acquired a new stake in Guidewire Software during the third quarter worth $29,000. CWM LLC boosted its stake in Guidewire Software by 875.3% during the third quarter. CWM LLC now owns 751 shares of the technology company’s stock worth $46,000 after buying an additional 674 shares in the last quarter. Finally, NuWave Investment Management LLC acquired a new stake in Guidewire Software during the third quarter worth $59,000.
Analyst Ratings Changes
A number of equity research analysts have weighed in on the stock. Robert W. Baird decreased their price target on shares of Guidewire Software to $75.00 in a research note on Monday, December 12th. Wells Fargo & Company reduced their target price on shares of Guidewire Software from $60.00 to $55.00 and set an “underweight” rating on the stock in a research note on Wednesday, December 7th. Citigroup reduced their target price on shares of Guidewire Software from $79.00 to $67.00 in a research note on Wednesday, December 7th. The Goldman Sachs Group initiated coverage on shares of Guidewire Software in a research note on Monday, January 23rd. They issued a “buy” rating and a $88.00 target price on the stock. Finally, BTIG Research reduced their target price on shares of Guidewire Software from $105.00 to $90.00 in a research note on Wednesday, December 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $82.55.
Guidewire Software Stock Up 2.2 %
Shares of NYSE GWRE opened at $73.18 on Friday. The firm’s 50-day simple moving average is $69.88 and its 200-day simple moving average is $65.14. The company has a market cap of $5.99 billion, a price-to-earnings ratio of -30.75 and a beta of 1.25. The company has a quick ratio of 3.73, a current ratio of 3.73 and a debt-to-equity ratio of 0.33. Guidewire Software, Inc. has a 12-month low of $52.08 and a 12-month high of $97.32.
Guidewire Software (NYSE:GWRE – Get Rating) last announced its quarterly earnings data on Tuesday, December 6th. The technology company reported earnings per share for the quarter ($0.54), topping the consensus estimate of ($0.67) by $0.13. The firm had revenue of $195.28 million during the quarter, compared to analysts’ expectations of $190.49 million. Guidewire Software had a negative return on equity of 10.64% and a negative net margin of 23.57%. On average, research analysts expect that Guidewire Software, Inc. will post -1.51 earnings per share for the current fiscal year.
Insider Activity at Guidewire Software
In related news, CEO Michael George Rosenbaum sold 7,960 shares of the business’s stock in a transaction that occurred on Monday, December 19th. The stock was sold at an average price of $61.40, for a total value of $488,744.00. Following the completion of the transaction, the chief executive officer now directly owns 195,755 shares in the company, valued at approximately $12,019,357. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider James Winston King sold 1,577 shares of the stock in a transaction that occurred on Monday, December 19th. The stock was sold at an average price of $61.40, for a total value of $96,827.80. Following the completion of the sale, the insider now owns 39,328 shares of the company’s stock, valued at approximately $2,414,739.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael George Rosenbaum sold 7,960 shares of the stock in a transaction that occurred on Monday, December 19th. The shares were sold at an average price of $61.40, for a total value of $488,744.00. Following the completion of the sale, the chief executive officer now directly owns 195,755 shares of the company’s stock, valued at approximately $12,019,357. The disclosure for this sale can be found here. In the last three months, insiders sold 22,255 shares of company stock worth $1,450,282. 0.30% of the stock is owned by company insiders.
Guidewire Software Profile
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Guidewire Software, Inc engages in the provision of technology platform, which comprises software, services, and a partner ecosystem, for the global Property and Casualty insurance industry. Its products include InsuranceSuite, PolicyCenter, ClaimCenter, BillingCenter, InsuranceNow, Analytics, Ecosystem, Guidewire for salesforce, and Guidewire Cloud.
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