Algert Global LLC Purchases New Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Algert Global LLC purchased a new stake in Guidewire Software, Inc. (NYSE:GWRE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,972 shares of the technology company’s stock, valued at approximately $1,099,000.

Several other institutional investors have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its stake in Guidewire Software by 4.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock worth $283,000 after purchasing an additional 79 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Guidewire Software by 1.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company’s stock worth $1,252,000 after purchasing an additional 116 shares during the last quarter. CHICAGO TRUST Co NA lifted its stake in Guidewire Software by 4.8% during the second quarter. CHICAGO TRUST Co NA now owns 2,845 shares of the technology company’s stock worth $392,000 after purchasing an additional 130 shares during the last quarter. Legacy Advisors LLC lifted its stake in Guidewire Software by 1.6% during the second quarter. Legacy Advisors LLC now owns 8,329 shares of the technology company’s stock worth $1,148,000 after purchasing an additional 135 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in Guidewire Software by 8.0% during the second quarter. Parkside Financial Bank & Trust now owns 2,215 shares of the technology company’s stock worth $305,000 after purchasing an additional 165 shares during the last quarter.

Insider Transactions at Guidewire Software

In other news, insider John P. Mullen sold 1,350 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total transaction of $201,190.50. Following the transaction, the insider now owns 137,821 shares of the company’s stock, valued at $20,539,463.63. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider John P. Mullen sold 1,350 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total transaction of $201,190.50. Following the transaction, the insider now owns 137,821 shares of the company’s stock, valued at $20,539,463.63. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael George Rosenbaum sold 23,379 shares of the stock in a transaction dated Tuesday, September 17th. The stock was 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 in the company, valued at $49,523,889.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,601 shares of company stock valued at $8,984,892 in the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

GWRE has been the subject of several recent analyst reports. Robert W. Baird upped 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. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research note on Friday, September 6th. JMP Securities upped their price target on shares of Guidewire Software from $141.00 to $179.00 and gave the stock a “market outperform” rating in a report on Friday, September 6th. Oppenheimer upped their price target on shares of Guidewire Software from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday. Finally, The Goldman Sachs Group upped their price target on shares of Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $170.92.

Guidewire Software Stock Up 1.0 %

NYSE GWRE opened at $184.22 on Friday. The company has a market capitalization of $15.23 billion, a price-to-earnings ratio of -1,412.85 and a beta of 1.19. Guidewire Software, Inc. has a twelve month low of $85.15 and a twelve month high of $184.96. The stock has a fifty day simple moving average of $157.60 and a 200 day simple moving average of $135.65.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share 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 the consensus estimate of $283.84 million. During the same period last year, the business posted $0.30 EPS. The business’s revenue was up 8.0% compared to the same quarter last year. 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.