Wealth Enhancement Advisory Services LLC Makes New $4.11 Million Investment in Guidewire Software, Inc. (NYSE:GWRE)

Wealth Enhancement Advisory Services LLC bought a new stake in Guidewire Software, Inc. (NYSE:GWRE) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 35,230 shares of the technology company’s stock, valued at approximately $4,112,000.

A number of other large investors also recently made changes to their positions in GWRE. RiverPark Advisors LLC purchased a new stake in shares of Guidewire Software during the 4th quarter valued at $27,000. Transcendent Capital Group LLC bought a new stake in Guidewire Software in the fourth quarter worth about $27,000. Lindbrook Capital LLC boosted its stake in Guidewire Software by 45.7% in the fourth quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock valued at $46,000 after acquiring an additional 132 shares during the last quarter. GAMMA Investing LLC purchased a new position in Guidewire Software in the fourth quarter valued at about $56,000. Finally, Jones Financial Companies Lllp bought a new position in shares of Guidewire Software during the 4th quarter valued at approximately $57,000.

Guidewire Software Stock Down 0.1 %

Guidewire Software stock opened at $138.85 on Wednesday. The stock has a market cap of $11.48 billion, a price-to-earnings ratio of -1,067.99 and a beta of 1.19. The business has a 50-day simple moving average of $124.07 and a 200 day simple moving average of $117.06. Guidewire Software, Inc. has a 52 week low of $74.03 and a 52 week high of $139.91.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Tuesday, June 4th. The technology company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.14. The company had revenue of $240.68 million during the quarter, compared to analyst estimates of $231.46 million. Guidewire Software had a negative return on equity of 1.19% and a negative net margin of 1.11%. On average, research analysts anticipate that Guidewire Software, Inc. will post -0.31 earnings per share for the current year.

Insider Activity

In related news, CEO Michael George Rosenbaum sold 5,582 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total value of $751,002.28. Following the completion of the transaction, the chief executive officer now directly owns 239,793 shares in the company, valued at $32,261,750.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $123.16, for a total value of $166,266.00. Following the completion of the sale, the insider now directly owns 146,697 shares in the company, valued at approximately $18,067,202.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 5,582 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total transaction of $751,002.28. Following the completion of the sale, the chief executive officer now directly owns 239,793 shares of the company’s stock, valued at approximately $32,261,750.22. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,064 shares of company stock worth $1,710,361. 0.38% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

GWRE has been the topic of several research analyst reports. Royal Bank of Canada upped their price objective on Guidewire Software from $130.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday, June 27th. JPMorgan Chase & Co. lifted their price objective on Guidewire Software from $133.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, June 5th. Oppenheimer upped their price objective on shares of Guidewire Software from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, June 5th. Robert W. Baird boosted their price target on shares of Guidewire Software from $140.00 to $152.00 and gave the company an “outperform” rating in a research report on Thursday, June 6th. Finally, Bank of America raised their price objective on shares of Guidewire Software from $80.00 to $95.00 and gave the stock an “underperform” rating in a report on Wednesday, June 5th. 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.08.

About Guidewire Software

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.