Northwestern Mutual Wealth Management Co. Raises Position in Guidewire Software, Inc. $GWRE

Northwestern Mutual Wealth Management Co. lifted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 9,406.6% in the 4th quarter, HoldingsChannel reports. The firm owned 203,442 shares of the technology company’s stock after buying an additional 201,302 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Guidewire Software were worth $40,894,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Measured Wealth Private Client Group LLC purchased a new position in Guidewire Software in the 3rd quarter valued at approximately $29,000. Root Financial Partners LLC purchased a new position in Guidewire Software in the 3rd quarter valued at approximately $29,000. Advisors Asset Management Inc. purchased a new position in Guidewire Software in the 1st quarter valued at approximately $25,000. Cornerstone Planning Group LLC grew its stake in Guidewire Software by 620.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 144 shares of the technology company’s stock valued at $34,000 after buying an additional 124 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. purchased a new position in Guidewire Software in the 3rd quarter valued at approximately $35,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a research note on Thursday, January 22nd. Wells Fargo & Company reduced their price objective on shares of Guidewire Software from $250.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, February 4th. DA Davidson reiterated a “buy” rating and issued a $246.00 price objective on shares of Guidewire Software in a research note on Tuesday, March 10th. BTIG Research lifted their price objective on shares of Guidewire Software from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Finally, Stifel Nicolaus reduced their price objective on shares of Guidewire Software from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $244.46.

Guidewire Software Stock Up 5.3%

GWRE opened at $137.07 on Tuesday. The company has a fifty day moving average price of $143.67 and a 200-day moving average price of $168.19. The firm has a market capitalization of $11.60 billion, a P/E ratio of 62.30 and a beta of 0.91. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.93 and a quick ratio of 2.93. Guidewire Software, Inc. has a one year low of $115.57 and a one year high of $272.60.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings results on Thursday, March 5th. The technology company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.40. The firm had revenue of $359.10 million during the quarter, compared to analyst estimates of $342.88 million. Guidewire Software had a net margin of 14.11% and a return on equity of 13.44%. The business’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 EPS. Equities research analysts expect that Guidewire Software, Inc. will post 1.84 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Michael George Rosenbaum sold 4,737 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $163.86, for a total transaction of $776,204.82. Following the completion of the transaction, the chief executive officer directly owned 221,206 shares in the company, valued at $36,246,815.16. The trade was a 2.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jeffrey Elliott Cooper sold 4,757 shares of the business’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $158.72, for a total transaction of $755,031.04. Following the transaction, the chief financial officer owned 67,996 shares of the company’s stock, valued at $10,792,325.12. This trade represents a 6.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 32,479 shares of company stock worth $5,008,562 in the last three months. Corporate insiders own 0.46% of the company’s stock.

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.