Versor Investments LP cut its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE – Free Report) by 43.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,841 shares of the technology company’s stock after selling 2,994 shares during the period. Versor Investments LP’s holdings in Guidewire Software were worth $315,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. HighTower Advisors LLC lifted its stake in Guidewire Software by 5.5% in the 1st quarter. HighTower Advisors LLC now owns 13,825 shares of the technology company’s stock valued at $1,311,000 after buying an additional 726 shares in the last quarter. Cetera Advisor Networks LLC boosted its stake in shares of Guidewire Software by 6.6% in the first quarter. Cetera Advisor Networks LLC now owns 4,428 shares of the technology company’s stock worth $419,000 after acquiring an additional 276 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Guidewire Software in the 1st quarter valued at $253,000. MetLife Investment Management LLC purchased a new position in Guidewire Software in the 1st quarter valued at $159,000. Finally, Raymond James Trust N.A. boosted its stake in Guidewire Software by 2.0% during the 1st quarter. Raymond James Trust N.A. now owns 10,089 shares of the technology company’s stock worth $955,000 after purchasing an additional 195 shares during the last quarter. Institutional investors and hedge funds own 97.84% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. Stifel Nicolaus raised shares of Guidewire Software from a “hold” rating to a “buy” rating and raised their price target for the stock from $75.00 to $85.00 in a research note on Tuesday, June 27th. 58.com restated a “maintains” rating on shares of Guidewire Software in a research report on Friday, June 2nd. StockNews.com started coverage on Guidewire Software in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Wells Fargo & Company upped their target price on Guidewire Software from $60.00 to $65.00 in a report on Friday, June 2nd. Finally, DA Davidson lifted their price target on Guidewire Software from $90.00 to $94.00 in a report on Wednesday, May 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.
Guidewire Software Stock Performance
Shares of GWRE stock opened at $81.66 on Wednesday. Guidewire Software, Inc. has a one year low of $52.08 and a one year high of $86.79. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.65 and a current ratio of 3.65. The firm’s 50 day moving average price is $76.82 and its 200-day moving average price is $76.41. The firm has a market cap of $6.65 billion, a P/E ratio of -43.67 and a beta of 1.23.
Guidewire Software (NYSE:GWRE – Get Free Report) last released its quarterly earnings results on Thursday, June 1st. The technology company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.44) by ($0.01). The firm had revenue of $207.49 million for the quarter, compared to analysts’ expectations of $214.08 million. Guidewire Software had a negative return on equity of 12.14% and a negative net margin of 17.63%. During the same quarter in the prior year, the business earned ($0.61) earnings per share. As a group, equities research analysts predict that Guidewire Software, Inc. will post -1.69 EPS for the current year.
Insider Activity at Guidewire Software
In other news, CEO Michael George Rosenbaum sold 7,584 shares of the stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $71.13, for a total value of $539,449.92. Following the sale, the chief executive officer now directly owns 188,016 shares in the company, valued at $13,373,578.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Guidewire Software news, CFO Jeffrey Elliott Cooper sold 2,572 shares of the stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $71.13, for a total value of $182,946.36. Following the sale, the chief financial officer now directly owns 58,327 shares of the company’s stock, valued at approximately $4,148,799.51. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Michael George Rosenbaum sold 7,584 shares of Guidewire Software stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $71.13, for a total transaction of $539,449.92. Following the sale, the chief executive officer now directly owns 188,016 shares of the company’s stock, valued at $13,373,578.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,187 shares of company stock worth $937,981. Corporate insiders own 0.17% of the company’s stock.
About Guidewire Software
Guidewire Software, Inc provides software products for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud comprising 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.
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