Edmond DE Rothschild Holding S.A. Buys New Stake in Guidewire Software, Inc. $GWRE

Edmond DE Rothschild Holding S.A. purchased a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 206,923 shares of the technology company’s stock, valued at approximately $25,462,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GWRE. Advisors Asset Management Inc. acquired a new stake in shares of Guidewire Software during the first quarter worth about $25,000. Amundi boosted its position in shares of Guidewire Software by 703.0% in the 2nd quarter. Amundi now owns 36,093 shares of the technology company’s stock valued at $8,220,000 after purchasing an additional 31,598 shares during the period. Jump Financial LLC acquired a new stake in shares of Guidewire Software in the 2nd quarter valued at about $305,000. Bank of Nova Scotia grew its stake in Guidewire Software by 30.9% during the 2nd quarter. Bank of Nova Scotia now owns 2,024 shares of the technology company’s stock worth $477,000 after buying an additional 478 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in Guidewire Software by 30.6% during the 2nd quarter. NewEdge Advisors LLC now owns 4,911 shares of the technology company’s stock worth $1,156,000 after buying an additional 1,152 shares during the last quarter.

Guidewire Software Stock Performance

Shares of GWRE stock opened at $181.31 on Thursday. The stock’s 50-day moving average price is $142.01 and its 200 day moving average price is $141.24. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $15.10 billion, a PE ratio of 98.01 and a beta of 0.92. Guidewire Software, Inc. has a 52-week low of $102.30 and a 52-week high of $272.60.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. Guidewire Software had a return on equity of 12.62% and a net margin of 11.25%.The company had revenue of $372.54 million during the quarter, compared to analysts’ expectations of $355.92 million. During the same period last year, the firm earned $0.88 EPS. The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. As a group, equities research analysts forecast that Guidewire Software, Inc. will post 1.83 EPS for the current year.

Insider Activity

In other Guidewire Software news, insider James Winston King sold 1,684 shares of the company’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $130.64, for a total transaction 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President John P. Mullen sold 4,292 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $118.74, for a total transaction of $509,632.08. Following the transaction, the president owned 131,115 shares of the company’s stock, valued at approximately $15,568,595.10. The trade was a 3.17% decrease in their position. 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. Over the last quarter, insiders sold 30,193 shares of company stock valued at $3,908,106. 0.46% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GWRE shares. Royal Bank Of Canada reduced their price objective on Guidewire Software from $250.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday, June 5th. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a research report on Wednesday, June 3rd. Oppenheimer lifted their target price on shares of Guidewire Software from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Monday. JPMorgan Chase & Co. cut their target price on shares of Guidewire Software from $300.00 to $258.00 and set an “overweight” rating on the stock in a report on Tuesday, July 14th. Finally, Wells Fargo & Company reduced their price target on shares of Guidewire Software from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $221.64.

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.