LPL Financial LLC Has $8.55 Million Position in Guidewire Software, Inc. (NYSE:GWRE)

LPL Financial LLC raised its stake in Guidewire Software, Inc. (NYSE:GWRE) by 34.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 50,704 shares of the technology company’s stock after buying an additional 13,119 shares during the quarter. LPL Financial LLC owned 0.06% of Guidewire Software worth $8,548,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new stake in shares of Guidewire Software during the 4th quarter worth about $3,456,000. Sei Investments Co. increased its holdings in Guidewire Software by 1.2% in the fourth quarter. Sei Investments Co. now owns 362,183 shares of the technology company’s stock worth $61,057,000 after buying an additional 4,386 shares during the last quarter. Summit Global Investments acquired a new position in Guidewire Software in the fourth quarter worth approximately $618,000. TD Private Client Wealth LLC bought a new position in Guidewire Software during the fourth quarter valued at approximately $1,125,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Guidewire Software by 4.2% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 29,679 shares of the technology company’s stock valued at $5,003,000 after acquiring an additional 1,195 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. The Goldman Sachs Group raised 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. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a report on Friday, March 7th. JPMorgan Chase & Co. boosted their price target on Guidewire Software from $228.00 to $231.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Finally, Robert W. Baird increased their price objective on Guidewire Software from $230.00 to $236.00 and gave the company an “outperform” rating in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $206.08.

Insider Buying and Selling

In related news, insider James Winston King sold 270 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $47,190.60. Following the sale, the insider now directly owns 45,664 shares in the company, valued at $7,981,153.92. This represents a 0.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President John P. Mullen sold 2,300 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.95, for a total value of $432,285.00. Following the sale, the president now owns 164,030 shares in the company, valued at $30,829,438.50. The trade was a 1.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,880 shares of company stock valued at $7,850,222 over the last three months. 0.48% of the stock is owned by corporate insiders.

Guidewire Software Stock Down 5.3 %

Shares of GWRE stock opened at $174.35 on Friday. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $219.59. 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 market cap of $14.62 billion, a PE ratio of 484.30, a price-to-earnings-growth ratio of 37.21 and a beta of 1.31. The stock has a 50 day moving average of $198.84 and a 200-day moving average of $189.19.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.44). The company 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%. On average, equities analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Guidewire Software Company 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.