Algert Global LLC Purchases 2,148 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Algert Global LLC boosted its position in Guidewire Software, Inc. (NYSE:GWRE) by 26.9% during the 3rd quarter, Holdings Channel reports. The fund owned 10,120 shares of the technology company’s stock after buying an additional 2,148 shares during the period. Algert Global LLC’s holdings in Guidewire Software were worth $1,851,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Guidewire Software by 21.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock worth $63,000 after acquiring an additional 60 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Guidewire Software by 4.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock worth $283,000 after acquiring an additional 79 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Guidewire Software by 3.7% in the third quarter. CIBC Asset Management Inc now owns 2,451 shares of the technology company’s stock worth $448,000 after acquiring an additional 87 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Guidewire Software by 1.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company’s stock worth $1,252,000 after acquiring an additional 116 shares in the last quarter. Finally, CHICAGO TRUST Co NA boosted its holdings in Guidewire Software by 4.8% in the second quarter. CHICAGO TRUST Co NA now owns 2,845 shares of the technology company’s stock worth $392,000 after acquiring an additional 130 shares in the last quarter.

Analyst Ratings Changes

Several analysts have recently commented on the company. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research note on Friday, October 11th. Royal Bank of Canada reissued an “outperform” rating and issued a $215.00 price objective on shares of Guidewire Software in a research note on Tuesday, November 19th. JMP Securities increased their price objective on Guidewire Software from $200.00 to $231.00 and gave the stock a “market outperform” rating in a research note on Monday. Oppenheimer increased their price objective on Guidewire Software from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. increased their price objective on Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $186.08.

Insider Transactions at Guidewire Software

In related news, insider James Winston King sold 4,514 shares of Guidewire Software stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $172.66, for a total transaction of $779,387.24. Following the completion of the sale, the insider now owns 48,237 shares of the company’s stock, valued at approximately $8,328,600.42. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President John P. Mullen sold 1,350 shares of Guidewire Software stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $197.72, for a total value of $266,922.00. Following the sale, the president now directly owns 189,261 shares of the company’s stock, valued at $37,420,684.92. This represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,601 shares of company stock valued at $9,116,179 over the last three months. Company insiders own 0.48% of the company’s stock.

Guidewire Software Price Performance

NYSE:GWRE opened at $201.88 on Thursday. The business has a fifty day simple moving average of $187.59 and a two-hundred day simple moving average of $156.66. Guidewire Software, Inc. has a 1 year low of $95.02 and a 1 year high of $207.10. The company has a market capitalization of $16.86 billion, a P/E ratio of -2,523.18, a P/E/G ratio of 52.54 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) 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 business 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 earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, analysts anticipate that Guidewire Software, Inc. will post 0.53 earnings per share for the current year.

Guidewire Software 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.