OneDigital Investment Advisors LLC Makes New $543,000 Investment in Guidewire Software, Inc. $GWRE

OneDigital Investment Advisors LLC bought a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 4,414 shares of the technology company’s stock, valued at approximately $543,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Comerica Bank grew its position in 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 buying an additional 26,912 shares during the period. Principal Financial Group Inc. lifted its position 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 acquiring an additional 997,992 shares during the period. Stephens Investment Management Group LLC boosted its stake in shares of Guidewire Software by 3.0% during the 1st quarter. Stephens Investment Management Group LLC now owns 524,818 shares of the technology company’s stock worth $78,492,000 after acquiring an additional 15,260 shares in the last quarter. Geode Capital Management LLC boosted its stake 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 worth $357,504,000 after acquiring an additional 145,924 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Guidewire Software by 6.2% in the 4th 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 period.

Insider Buying and Selling

In other news, CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $172.88, for a total transaction of $207,456.00. Following the completion of the sale, the chief executive officer directly owned 188,976 shares in the company, valued at $32,670,170.88. The trade was a 0.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeffrey Elliott Cooper sold 1,348 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $105.67, for a total transaction of $142,443.16. Following the completion of the transaction, the chief financial officer directly owned 62,119 shares of the company’s stock, valued at approximately $6,564,114.73. This represents a 2.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 30,193 shares of company stock worth $3,908,106. 0.46% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Guidewire Software in a research note on Wednesday, June 3rd. Royal Bank Of Canada decreased their target price on Guidewire Software from $250.00 to $215.00 and set an “outperform” rating on the stock in a research report on Friday, June 5th. Guggenheim started coverage on Guidewire Software in a research report on Thursday, July 23rd. They issued a “buy” rating and a $180.00 price target for the company. The Goldman Sachs Group cut their price target on Guidewire Software from $255.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, June 5th. Finally, DA Davidson decreased their price objective on shares of Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $221.64.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $177.98 on Wednesday. The business’s fifty day moving average price is $140.72 and its two-hundred day moving average price is $141.00. The stock has a market cap of $14.82 billion, a PE ratio of 96.20 and a beta of 0.92. 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 one year low of $102.30 and a one year high of $272.60.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.08. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The company had revenue of $372.54 million during the quarter, compared to the consensus estimate of $355.92 million. During the same quarter last year, the business posted $0.88 earnings per share. Guidewire Software’s revenue was up 26.9% compared to the same quarter last year. On average, analysts forecast that Guidewire Software, Inc. will post 1.83 EPS for the current fiscal year.

Guidewire Software 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.