Guidewire Software, Inc. (NYSE:GWRE) Stock Holdings Raised by Xponance Inc.

Xponance Inc. raised its stake in Guidewire Software, Inc. (NYSE:GWRE) by 11.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,759 shares of the technology company’s stock after acquiring an additional 813 shares during the period. Xponance Inc.’s holdings in Guidewire Software were worth $1,308,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of GWRE. Versant Capital Management Inc bought a new stake in shares of Guidewire Software in the 4th quarter worth about $25,000. Point72 Hong Kong Ltd bought a new stake in shares of Guidewire Software in the 3rd quarter worth about $33,000. Cullen Frost Bankers Inc. bought a new stake in shares of Guidewire Software in the 4th quarter worth about $34,000. Brooklyn Investment Group bought a new stake in shares of Guidewire Software in the 3rd quarter worth about $42,000. Finally, R Squared Ltd bought a new stake in shares of Guidewire Software in the 4th quarter worth about $47,000.

Insiders Place Their Bets

In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 1,956 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total transaction of $370,485.96. Following the sale, the chief financial officer now directly owns 71,538 shares in the company, valued at approximately $13,550,012.58. The trade was a 2.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $244,692.00. Following the sale, the chief executive officer now owns 280,330 shares in the company, valued at $48,996,077.40. This trade represents a 0.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,780 shares of company stock worth $6,886,553. 0.48% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on GWRE shares. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research report on Friday, March 7th. JPMorgan Chase & Co. lifted their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, March 7th. The Goldman Sachs Group lifted their price target on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a report on Monday, February 10th. Royal Bank of Canada lifted their price target on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $210.00 price target on shares of Guidewire Software in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Guidewire Software has a consensus rating of “Moderate Buy” and an average target price of $206.08.

Guidewire Software Trading Down 0.8 %

Guidewire Software stock opened at $191.84 on Friday. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average price of $197.47 and a two-hundred day moving average price of $187.41. The firm has a market capitalization of $16.09 billion, a price-to-earnings ratio of 532.89, a PEG ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $219.59.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.44). The firm had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. Sell-side analysts expect that Guidewire Software, Inc. will post 0.52 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.