Guidewire Software, Inc. $GWRE Shares Newly Bought by Sterling Investment Counsel LLC

Sterling Investment Counsel LLC acquired a new position in shares of Guidewire Software, Inc. (NYSE:GWRE – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,444 shares of the technology company’s stock, valued at approximately $919,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fiduciary Financial Advisors acquired a new position in shares of Guidewire Software in the second quarter worth about $29,000. Silvant Capital Management LLC purchased a new position in shares of Guidewire Software in the second quarter worth approximately $33,000. Leonteq Securities AG acquired a new stake in shares of Guidewire Software during the first quarter valued at approximately $36,000. Bogart Wealth LLC raised its holdings in shares of Guidewire Software by 127.8% during the first quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock valued at $37,000 after acquiring an additional 138 shares during the period. Finally, IFP Advisors Inc raised its holdings in shares of Guidewire Software by 129.2% during the third quarter. IFP Advisors Inc now owns 330 shares of the technology company’s stock valued at $47,000 after acquiring an additional 186 shares during the period.

Insider Buying and Selling

In related news, CFO Jeffrey Cooper sold 9,941 shares of the firm’s stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $142.61, for a total value of $1,417,686.01. Following the transaction, the chief financial officer directly owned 85,420 shares of the company’s stock, valued at approximately $12,181,746.20. This trade represents a 10.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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, CEO Michael Rosenbaum sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $167.90, for a total value of $201,480.00. Following the completion of the transaction, the chief executive officer directly owned 274,866 shares in the company, valued at $46,150,001.40. The trade was a 0.43% 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 201,935 shares of company stock worth $30,381,323 over the last ninety days. 0.46% of the stock is currently owned by corporate insiders.

Guidewire Software Stock Up 1.6%

GWRE stock traded up $2.64 during midday trading on Monday, reaching $171.50. The company had a trading volume of 870,494 shares, compared to its average volume of 1,550,432. Guidewire Software, Inc. has a 1 year low of $102.30 and a 1 year high of $255.89. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $14.28 billion, a P/E ratio of 105.21 and a beta of 1.02. The company has a 50 day moving average of $166.96 and a two-hundred day moving average of $147.66.

Guidewire Software (NYSE:GWRE – Get Free Report) last issued its earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The company had revenue of $411.09 million during the quarter, compared to analyst estimates of $402.61 million. During the same quarter last year, the business posted $0.84 EPS. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, equities research analysts expect that Guidewire Software, Inc. will post 2.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GWRE shares. Citigroup upped their price target on shares of Guidewire Software from $137.00 to $181.00 and gave the company a “neutral” rating in a research report on Friday, September 4th. Robert W. Baird lifted their price objective on shares of Guidewire Software from $202.00 to $235.00 and gave the stock an “outperform” rating in a research report on Monday, August 31st. Wells Fargo & Company boosted their target price on shares of Guidewire Software from $190.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, September 4th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a report on Friday, September 4th. Finally, Oppenheimer raised their target price on Guidewire Software from $200.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, September 4th. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Guidewire Software currently has an average rating of “Moderate Buy” and a consensus target price of $216.23.

View Our Latest Research Report on Guidewire Software

About Guidewire Software

(Free Report)

Guidewire Software, Inc provides cloud-based software designed for the property and casualty insurance industry. Its platform helps insurers manage core operations, including policy administration, billing, claims management, underwriting, and digital customer engagement.

The company’s principal offerings include InsuranceSuite, which incorporates PolicyCenter, BillingCenter, and ClaimCenter, as well as products for insurance data management, analytics, digital experiences, and application development.

See Also

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Institutional Ownership by Quarter for Guidewire Software (NYSE:GWRE)

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