Vanguard Personalized Indexing Management LLC Buys 116 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Vanguard Personalized Indexing Management LLC raised its stake in Guidewire Software, Inc. (NYSE:GWRE) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,078 shares of the technology company’s stock after buying an additional 116 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Guidewire Software were worth $1,252,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SYSTM Wealth Solutions LLC lifted its stake in shares of Guidewire Software by 34.3% in the second quarter. SYSTM Wealth Solutions LLC now owns 22,861 shares of the technology company’s stock worth $3,152,000 after acquiring an additional 5,842 shares during the period. Wealth Alliance bought a new position in Guidewire Software during the 2nd quarter worth approximately $299,000. Massachusetts Financial Services Co. MA raised its holdings in Guidewire Software by 23.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,747,349 shares of the technology company’s stock worth $378,832,000 after purchasing an additional 516,942 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Guidewire Software by 0.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 203,098 shares of the technology company’s stock worth $28,005,000 after purchasing an additional 1,626 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Guidewire Software by 12.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 89,569 shares of the technology company’s stock valued at $12,351,000 after purchasing an additional 9,764 shares during the last quarter.

Insider Activity at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction 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 transaction, the chief executive officer now directly owns 287,662 shares of the company’s stock, valued at approximately $49,523,889.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Guidewire Software news, CEO Michael George Rosenbaum sold 23,379 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 $4,024,928.64. Following the transaction, the chief executive officer now owns 287,662 shares of the company’s stock, valued at approximately $49,523,889.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jeffrey Elliott Cooper sold 4,956 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $172.70, for a total value of $855,901.20. Following the completion of the transaction, the chief financial officer now owns 78,411 shares in the company, valued at approximately $13,541,579.70. The disclosure for this sale can be found here. In the last three months, insiders sold 52,601 shares of company stock valued at $8,984,892. 0.38% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. JMP Securities lifted their target price on shares of Guidewire Software from $141.00 to $179.00 and gave the stock a “market outperform” rating in a research note on Friday, September 6th. 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 note on Monday, July 22nd. Robert W. Baird raised their target price on Guidewire Software from $152.00 to $165.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 3rd. Bank of America boosted their price target on Guidewire Software from $80.00 to $95.00 and gave the company an “underperform” rating in a research note on Wednesday, June 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Guidewire Software from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $161.69.

Guidewire Software Price Performance

NYSE:GWRE opened at $174.54 on Monday. Guidewire Software, Inc. has a one year low of $85.15 and a one year high of $176.00. The company has a market cap of $14.43 billion, a PE ratio of -1,342.62 and a beta of 1.18. The firm has a 50-day moving average of $151.15 and a 200-day moving average of $131.91.

Guidewire Software (NYSE:GWRE) last issued 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 1.32% 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 in the previous year, the company posted $0.30 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, equities research analysts expect that Guidewire Software, Inc. will post 0.49 earnings per share for the current fiscal year.

About Guidewire Software

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.