Associated Banc Corp Has $273,000 Stake in Guidewire Software, Inc. (NYSE:GWRE)

Associated Banc Corp lowered its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 22.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,495 shares of the technology company’s stock after selling 439 shares during the period. Associated Banc Corp’s holdings in Guidewire Software were worth $273,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA lifted its position in shares of Guidewire Software by 24.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after acquiring an additional 679,558 shares during the period. Linonia Partnership LP raised its stake in shares of Guidewire Software by 8.4% in the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock valued at $330,329,000 after purchasing an additional 185,077 shares in the last quarter. Sei Investments Co. lifted its position in Guidewire Software by 1.3% in the second quarter. Sei Investments Co. now owns 405,519 shares of the technology company’s stock worth $55,917,000 after purchasing an additional 5,235 shares during the period. AQR Capital Management LLC boosted its stake in Guidewire Software by 65.7% during the second quarter. AQR Capital Management LLC now owns 291,907 shares of the technology company’s stock worth $40,251,000 after buying an additional 115,757 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Guidewire Software by 18,001.5% in the 3rd quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock valued at $472,220,000 after buying an additional 256,702 shares during the period.

Guidewire Software Stock Performance

NYSE GWRE opened at $204.46 on Wednesday. The stock has a market capitalization of $17.08 billion, a P/E ratio of -2,555.75, a price-to-earnings-growth ratio of 52.47 and a beta of 1.18. Guidewire Software, Inc. has a 52 week low of $95.02 and a 52 week high of $207.10. The stock has a fifty day moving average of $186.96 and a 200-day moving average of $156.04.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $291.50 million during the quarter, compared to analyst estimates of $283.84 million. During the same period last year, the company earned $0.30 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. Equities research analysts forecast that Guidewire Software, Inc. will post 0.53 earnings per share for the current fiscal year.

Insider Activity at Guidewire Software

In related news, CFO Jeffrey Elliott Cooper sold 10,334 shares of Guidewire Software stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total transaction of $1,779,101.44. Following the transaction, the chief financial officer now owns 83,367 shares of the company’s stock, valued at $14,352,462.72. This trade represents a 11.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 23,379 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the completion of the sale, the chief executive officer now directly owns 287,662 shares of the company’s stock, valued at $49,523,889.92. The trade was a 7.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,601 shares of company stock worth $9,116,179 over the last ninety days. Company insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GWRE. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research note on Friday, October 11th. Wells Fargo & Company raised their target price on Guidewire Software from $205.00 to $215.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. upped their price target on Guidewire Software from $170.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. Oppenheimer lifted their price objective on Guidewire Software from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Finally, BTIG Research upped their target price on shares of Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $186.08.

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.