Guidewire Software, Inc. $GWRE Stock Position Lifted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its stake in Guidewire Software, Inc. (NYSE:GWRE) by 8.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,979 shares of the technology company’s stock after buying an additional 4,285 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Guidewire Software were worth $10,526,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Measured Wealth Private Client Group LLC purchased a new position in shares of Guidewire Software during the 3rd quarter valued at $29,000. Root Financial Partners LLC purchased a new stake in shares of Guidewire Software during the third quarter worth $29,000. Newbridge Financial Services Group Inc. acquired a new stake in Guidewire Software during the second quarter valued at $30,000. Advisors Asset Management Inc. acquired a new stake in Guidewire Software during the first quarter valued at $25,000. Finally, Cornerstone Planning Group LLC grew its stake in Guidewire Software by 620.0% in the third quarter. Cornerstone Planning Group LLC now owns 144 shares of the technology company’s stock valued at $34,000 after purchasing an additional 124 shares in the last quarter.

Insider Activity at Guidewire Software

In other news, President John P. Mullen sold 6,576 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $163.86, for a total value of $1,077,543.36. Following the sale, the president directly owned 135,407 shares of the company’s stock, valued at approximately $22,187,791.02. This trade represents a 4.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO David Franklin Peterson sold 273 shares of Guidewire Software stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $163.86, for a total value of $44,733.78. Following the completion of the transaction, the chief accounting officer owned 12,533 shares in the company, valued at $2,053,657.38. The trade was a 2.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 31,695 shares of company stock valued at $5,106,836. 0.46% of the stock is owned by corporate insiders.

Guidewire Software Trading Up 1.3%

NYSE:GWRE opened at $151.34 on Friday. Guidewire Software, Inc. has a 12 month low of $120.37 and a 12 month high of $272.60. The firm has a market cap of $12.81 billion, a price-to-earnings ratio of 68.79, a P/E/G ratio of 6.77 and a beta of 1.06. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 0.45. The company’s 50 day moving average is $146.35 and its 200-day moving average is $194.93.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, March 5th. The technology company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.40. Guidewire Software had a net margin of 14.11% and a return on equity of 13.44%. The business had revenue of $359.10 million during the quarter, compared to the consensus estimate of $342.88 million. During the same period in the prior year, the firm earned $0.51 EPS. Guidewire Software’s quarterly revenue was up 24.0% compared to the same quarter last year. Equities analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Guidewire Software announced that its board has authorized a stock repurchase plan on Thursday, January 8th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the technology company to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GWRE shares. Citigroup raised their price target on Guidewire Software from $242.00 to $245.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Royal Bank Of Canada dropped their price objective on Guidewire Software from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, March 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a research note on Thursday, January 22nd. Citizens Jmp reissued a “market outperform” rating and issued a $281.00 target price on shares of Guidewire Software in a research report on Wednesday, December 10th. Finally, Stifel Nicolaus dropped their price target on shares of Guidewire Software from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Guidewire Software currently has an average rating of “Moderate Buy” and a consensus price target of $249.85.

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.