Guidewire Software, Inc. $GWRE Shares Acquired by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC increased its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 3.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 524,818 shares of the technology company’s stock after buying an additional 15,260 shares during the period. Guidewire Software makes up about 1.1% of Stephens Investment Management Group LLC’s investment portfolio, making the stock its 24th biggest position. Stephens Investment Management Group LLC’s holdings in Guidewire Software were worth $78,492,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Guidewire Software during the third quarter valued at about $29,000. Advisors Asset Management Inc. acquired a new position in shares of Guidewire Software in the first quarter worth about $25,000. Flagship Harbor Advisors LLC acquired a new position in shares of Guidewire Software in the fourth quarter worth about $36,000. Leonteq Securities AG acquired a new position in shares of Guidewire Software in the first quarter worth about $36,000. Finally, Harbour Investments Inc. boosted its holdings in Guidewire Software by 83.0% in the fourth quarter. Harbour Investments Inc. now owns 247 shares of the technology company’s stock valued at $50,000 after purchasing an additional 112 shares during the last quarter.

Wall Street Analyst Weigh In

GWRE has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their price objective on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating for the company in a research note on Friday, June 5th. DA Davidson cut their target price on Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a research report on Monday, June 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a research note on Wednesday, June 3rd. Stifel Nicolaus decreased their price target on shares of Guidewire Software from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, June 5th. Finally, Royal Bank Of Canada decreased their price target on shares of Guidewire Software from $250.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, June 5th. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $221.36.

Insider Transactions at Guidewire Software

In other news, CFO Jeffrey Elliott Cooper sold 2,594 shares of Guidewire Software stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $118.74, for a total value of $308,011.56. Following the completion of the transaction, the chief financial officer owned 63,467 shares in the company, valued at approximately $7,536,071.58. This trade represents a 3.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President John P. Mullen sold 4,292 shares of the business’s stock in a transaction that occurred on 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 owned 131,115 shares of the company’s stock, valued at $15,568,595.10. This trade represents a 3.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 29,709 shares of company stock worth $3,740,332. 0.46% of the stock is currently owned by corporate insiders.

Guidewire Software Stock Performance

Shares of Guidewire Software stock opened at $134.21 on Friday. 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 1 year low of $102.30 and a 1 year high of $272.60. The firm’s 50-day simple moving average is $131.28 and its 200-day simple moving average is $148.02. The firm has a market cap of $11.17 billion, a PE ratio of 72.55 and a beta of 0.95.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, beating 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 firm had revenue of $372.54 million during the quarter, compared to analyst estimates of $355.92 million. During the same period in the previous year, the company earned $0.88 earnings per share. Guidewire Software’s quarterly revenue was up 26.9% on a year-over-year basis. Equities analysts forecast that Guidewire Software, Inc. will post 1.83 earnings per share 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.