Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in Guidewire Software Inc (NYSE:GWRE) by 48.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,210 shares of the technology company’s stock after buying an additional 1,370 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Guidewire Software were worth $409,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of GWRE. Keybank National Association OH raised its holdings in Guidewire Software by 10.7% in the first quarter. Keybank National Association OH now owns 3,109 shares of the technology company’s stock valued at $302,000 after acquiring an additional 301 shares in the last quarter. Laurion Capital Management LP acquired a new stake in Guidewire Software in the first quarter valued at $1,944,000. Raymond James & Associates raised its holdings in Guidewire Software by 1.3% in the first quarter. Raymond James & Associates now owns 148,790 shares of the technology company’s stock valued at $14,456,000 after acquiring an additional 1,929 shares in the last quarter. SVA Plumb Wealth Management LLC raised its holdings in Guidewire Software by 7.4% in the first quarter. SVA Plumb Wealth Management LLC now owns 39,336 shares of the technology company’s stock valued at $3,822,000 after acquiring an additional 2,698 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in Guidewire Software in the first quarter valued at $889,000.
Shares of NYSE:GWRE opened at $107.66 on Thursday. The firm has a market cap of $8.62 billion, a price-to-earnings ratio of 1,196.22, a price-to-earnings-growth ratio of 31.21 and a beta of 1.28. Guidewire Software Inc has a 1-year low of $73.82 and a 1-year high of $109.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 7.45 and a current ratio of 7.45.
In related news, CEO Marcus Ryu sold 14,033 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $92.21, for a total value of $1,293,982.93. Following the sale, the chief executive officer now owns 15,354 shares of the company’s stock, valued at approximately $1,415,792.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Priscilla Hung sold 3,536 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $94.70, for a total transaction of $334,859.20. Following the completion of the sale, the chief operating officer now directly owns 7,418 shares in the company, valued at approximately $702,484.60. The disclosure for this sale can be found here. Insiders have sold 70,350 shares of company stock worth $6,902,923 over the last three months. 0.69% of the stock is owned by corporate insiders.
Several research firms recently issued reports on GWRE. Piper Jaffray Companies cut shares of Guidewire Software from an “overweight” rating to a “neutral” rating and cut their price target for the company from $95.00 to $90.00 in a report on Monday, March 4th. Zacks Investment Research cut shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 7th. Finally, Goldman Sachs Group reissued a “buy” rating on shares of Guidewire Software in a report on Friday, February 1st. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $107.40.
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Guidewire Software Company Profile
Guidewire Software, Inc provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides Guidewire InsuranceNow, a cloud-based platform, which offers policy, billing, and claims management functionality to insurers that prefer to subscribe to a cloud-based solution.
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