Motley Fool Asset Management LLC Grows Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Motley Fool Asset Management LLC increased its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 1.7% in the third quarter, HoldingsChannel.com reports. The firm owned 32,003 shares of the technology company’s stock after buying an additional 529 shares during the period. Motley Fool Asset Management LLC’s holdings in Guidewire Software were worth $5,792,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new position in Guidewire Software during the second quarter worth $31,000. Assetmark Inc. raised its holdings in shares of Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after buying an additional 145 shares during the period. Point72 Hong Kong Ltd acquired a new position in Guidewire Software during the 3rd quarter worth about $33,000. DT Investment Partners LLC purchased a new position in Guidewire Software during the 2nd quarter valued at about $41,000. Finally, Brooklyn Investment Group acquired a new position in Guidewire Software in the 3rd quarter valued at about $42,000.

Insider Buying and Selling

In other Guidewire Software news, insider James Winston King sold 4,514 shares of Guidewire Software stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $172.66, for a total transaction of $779,387.24. Following the transaction, the insider now owns 48,237 shares of the company’s stock, valued at $8,328,600.42. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider John P. Mullen sold 6,718 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $1,156,570.88. Following the completion of the sale, the insider now directly owns 160,099 shares of the company’s stock, valued at $27,562,643.84. The trade was a 4.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,601 shares of company stock worth $9,116,179 in the last ninety days. 0.48% of the stock is owned by corporate insiders.

Guidewire Software Stock Performance

GWRE opened at $204.07 on Wednesday. Guidewire Software, Inc. has a one year low of $95.02 and a one year high of $207.10. The company has a market cap of $17.04 billion, a P/E ratio of -2,550.49, a PEG ratio of 51.96 and a beta of 1.18. The business’s 50-day simple moving average is $190.39 and its 200-day simple moving average is $159.53.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.54 by $0.08. The company had revenue of $291.50 million for the quarter, compared to analyst estimates of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 earnings per share. As a group, analysts predict that Guidewire Software, Inc. will post 0.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on GWRE shares. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research report on Friday, October 11th. JPMorgan Chase & Co. increased their target price on shares of Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. Robert W. Baird boosted their price target on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. DA Davidson reiterated a “buy” rating and issued a $168.00 price objective on shares of Guidewire Software in a research note on Friday, September 6th. Finally, BTIG Research boosted their target price on Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $186.08.

Guidewire Software Profile

Guidewire Software, Inc provides a platform for property and casualty (P&C) insurers worldwide. The company offers Guidewire InsuranceSuite Cloud, such as PolicyCenter Cloud, BillingCenter Cloud, and ClaimCenter Cloud applications. It also provides Guidewire InsuranceNow, a cloud-based platform that offers policy, billing, and claims management functionality to insurers; and Guidewire InsuranceSuite for Self-Managed.