Chartwell Investment Partners LLC Acquires New Stake in Guidewire Software, Inc. (NYSE:GWRE)

Chartwell Investment Partners LLC acquired a new position in Guidewire Software, Inc. (NYSE:GWRE) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 8,209 shares of the technology company’s stock, valued at approximately $1,502,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assetmark Inc. boosted its stake in shares of Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after buying an additional 145 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of Guidewire Software during the second quarter valued at $31,000. DT Investment Partners LLC acquired a new position in shares of Guidewire Software during the second quarter valued at $41,000. Lynx Investment Advisory bought a new position in Guidewire Software during the second quarter valued at about $41,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Guidewire Software by 21.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock valued at $63,000 after purchasing an additional 60 shares during the period.

Insider Buying and Selling

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total transaction of $201,190.50. Following the transaction, the insider now directly owns 137,821 shares of the company’s stock, valued at approximately $20,539,463.63. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Guidewire Software news, insider John P. Mullen sold 6,718 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $1,156,570.88. Following the completion of the sale, the insider now directly owns 160,099 shares of the company’s stock, valued at approximately $27,562,643.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total value of $201,190.50. Following the completion of the transaction, the insider now directly owns 137,821 shares of the company’s stock, valued at approximately $20,539,463.63. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,601 shares of company stock worth $9,050,448 in the last 90 days. Insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

GWRE has been the topic of several research analyst reports. JMP Securities lifted their target price on Guidewire Software from $179.00 to $200.00 and gave the company a “market outperform” rating in a research note on Friday, October 11th. Robert W. Baird boosted their target price on Guidewire Software from $175.00 to $204.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Stifel Nicolaus boosted their target price on Guidewire Software from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. JPMorgan Chase & Co. upped their price target on Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. Finally, The Goldman Sachs Group boosted their price objective on Guidewire Software from $146.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $178.62.

Guidewire Software Trading Down 0.1 %

NYSE:GWRE opened at $195.49 on Wednesday. The stock has a market cap of $16.33 billion, a P/E ratio of -2,443.56, a PEG ratio of 50.42 and a beta of 1.18. The stock has a 50 day simple moving average of $180.83 and a 200 day simple moving average of $150.76. Guidewire Software, Inc. has a 1-year low of $90.50 and a 1-year high of $196.93.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The company had revenue of $291.50 million for the quarter, compared to analyst estimates of $283.84 million. During the same quarter last year, the company posted $0.30 EPS. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Guidewire Software, Inc. will post 0.53 EPS for the current year.

Guidewire Software Company 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.