Sei Investments Co. Purchases 5,235 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Sei Investments Co. increased its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 1.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 405,519 shares of the technology company’s stock after purchasing an additional 5,235 shares during the period. Sei Investments Co. owned 0.49% of Guidewire Software worth $55,917,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of GWRE. Rothschild Investment LLC bought a new stake in Guidewire Software in the 2nd quarter valued at about $31,000. ORG Partners LLC bought a new stake in shares of Guidewire Software in the first quarter valued at approximately $29,000. Transcendent Capital Group LLC bought a new stake in shares of Guidewire Software in the fourth quarter valued at approximately $27,000. DT Investment Partners LLC acquired a new stake in Guidewire Software during the second quarter worth approximately $41,000. Finally, Lynx Investment Advisory bought a new position in Guidewire Software during the 2nd quarter worth $41,000.

Analyst Ratings Changes

GWRE has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their target price on Guidewire Software from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Citigroup increased their price objective on shares of Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Robert W. Baird boosted their target price on shares of Guidewire Software from $152.00 to $165.00 and gave the company an “outperform” rating in a research report on Tuesday, September 3rd. Oppenheimer upped their price target on shares of Guidewire Software from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Friday, September 6th. Finally, Wells Fargo & Company lifted their price objective on shares of Guidewire Software from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.69.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total transaction of $201,190.50. Following the completion of the transaction, the insider now owns 137,821 shares of the company’s stock, valued at approximately $20,539,463.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Michael George Rosenbaum sold 23,379 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $4,024,928.64. Following the completion of the transaction, the chief executive officer now directly owns 287,662 shares in the company, valued at approximately $49,523,889.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction that occurred on 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 directly owns 137,821 shares of the company’s stock, valued at approximately $20,539,463.63. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,601 shares of company stock worth $8,984,892. 0.38% of the stock is currently owned by insiders.

Guidewire Software Stock Performance

Shares of GWRE opened at $174.54 on Monday. The firm has a market cap of $14.43 billion, a P/E ratio of -1,342.62 and a beta of 1.18. Guidewire Software, Inc. has a fifty-two week low of $85.15 and a fifty-two week high of $176.00. The business has a 50-day moving average of $151.15 and a 200 day moving average of $131.91.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $283.84 million. During the same period in the previous year, the business earned $0.30 earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. As a group, research analysts predict that Guidewire Software, Inc. will post 0.49 earnings per share for the current fiscal 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.