4,260 Shares in Guidewire Software, Inc. $GWRE Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 4,260 shares of the technology company’s stock, valued at approximately $637,000.

Other large investors also recently made changes to their positions in the company. Comerica Bank boosted its holdings in shares of Guidewire Software by 52.0% during the fourth quarter. Comerica Bank now owns 78,659 shares of the technology company’s stock worth $15,811,000 after purchasing an additional 26,912 shares during the period. Stephens Investment Management Group LLC lifted its position in Guidewire Software by 3.0% in the 1st quarter. Stephens Investment Management Group LLC now owns 524,818 shares of the technology company’s stock worth $78,492,000 after buying an additional 15,260 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Guidewire Software by 547.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,180,334 shares of the technology company’s stock valued at $176,537,000 after buying an additional 997,992 shares during the period. Geode Capital Management LLC grew its holdings in shares of Guidewire Software by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock valued at $357,504,000 after acquiring an additional 145,924 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in shares of Guidewire Software by 6.2% in the fourth quarter. Los Angeles Capital Management LLC now owns 128,447 shares of the technology company’s stock worth $25,819,000 after acquiring an additional 7,459 shares during the last quarter.

Guidewire Software Stock Performance

Shares of NYSE GWRE opened at $160.29 on Wednesday. The business’s 50-day simple moving average is $135.44 and its 200-day simple moving average is $140.15. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44. Guidewire Software, Inc. has a 52 week low of $102.30 and a 52 week high of $272.60. The firm has a market cap of $13.35 billion, a price-to-earnings ratio of 86.64 and a beta of 0.92.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The firm had revenue of $372.54 million during the quarter, compared to analysts’ expectations of $355.92 million. During the same quarter in the prior year, the business earned $0.88 earnings per share. The company’s revenue was up 26.9% on a year-over-year basis. As a group, equities research analysts expect that Guidewire Software, Inc. will post 1.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GWRE. Wells Fargo & Company lowered their target price on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a research note on Friday, June 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a report on Wednesday, June 3rd. JPMorgan Chase & Co. lowered their price target on Guidewire Software from $300.00 to $258.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. Guggenheim began coverage on Guidewire Software in a report on Thursday, July 23rd. They issued a “buy” rating and a $180.00 price objective on the stock. Finally, Stifel Nicolaus reduced their target price on shares of Guidewire Software from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Guidewire Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.00.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, insider James Winston King sold 1,684 shares of the company’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $130.64, for a total transaction of $219,997.76. Following the completion of the sale, the insider directly owned 30,018 shares in the company, valued at $3,921,551.52. This represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President John P. Mullen sold 4,292 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $118.74, for a total value of $509,632.08. Following the completion of the sale, the president directly owned 131,115 shares in the company, valued at approximately $15,568,595.10. This represents a 3.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 30,193 shares of company stock worth $3,814,734 in the last quarter. 0.46% of the stock is owned by corporate insiders.

Guidewire Software Company Profile

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.