3,141 Shares in Guidewire Software, Inc. $GWRE Bought by Callan Family Office LLC

Callan Family Office LLC bought a new stake in Guidewire Software, Inc. (NYSE:GWRE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,141 shares of the technology company’s stock, valued at approximately $386,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisors Asset Management Inc. acquired a new stake in Guidewire Software during the 1st quarter worth about $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Guidewire Software in the 3rd quarter worth about $29,000. Silvant Capital Management LLC bought a new position in shares of Guidewire Software in the 2nd quarter worth about $33,000. Leonteq Securities AG acquired a new position in shares of Guidewire Software in the 1st quarter valued at about $36,000. Finally, Bogart Wealth LLC lifted its stake in shares of Guidewire Software by 127.8% in the 1st quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock valued at $37,000 after purchasing an additional 138 shares during the period.

Guidewire Software Stock Performance

Shares of Guidewire Software stock opened at $190.98 on Thursday. Guidewire Software, Inc. has a one year low of $102.30 and a one year high of $272.60. The firm has a market capitalization of $15.90 billion, a price-to-earnings ratio of 103.23 and a beta of 0.92. The business has a 50-day simple moving average of $149.06 and a 200 day simple moving average of $143.19. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.44.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) 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 business had revenue of $372.54 million for the quarter, compared to analyst estimates of $355.92 million. During the same quarter in the prior year, the company earned $0.88 earnings per share. The company’s quarterly revenue was up 26.9% on a year-over-year basis. On average, research analysts anticipate that Guidewire Software, Inc. will post 1.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GWRE shares. BTIG Research reaffirmed a “buy” rating and set a $175.00 target price on shares of Guidewire Software in a research note on Thursday, July 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Guidewire Software in a research note on Wednesday, June 3rd. Wells Fargo & Company cut their price target on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a report on Friday, June 5th. DA Davidson dropped their target price 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. Finally, The Goldman Sachs Group cut their target price on shares of Guidewire Software from $255.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $221.64.

Insider Transactions at Guidewire Software

In related news, CEO Michael George Rosenbaum sold 5,830 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $118.74, for a total value of $692,254.20. Following the transaction, the chief executive officer directly owned 199,776 shares in the company, valued at $23,721,402.24. This trade represents a 2.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider James Winston King sold 1,684 shares of the stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $130.64, for a total value of $219,997.76. Following the completion of the transaction, the insider owned 30,018 shares in the company, valued at approximately $3,921,551.52. This represents a 5.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 44,593 shares of company stock valued at $6,631,278 over the last ninety days. Company insiders own 0.46% of the company’s stock.

About Guidewire Software

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.