Savant Capital LLC Boosts Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Savant Capital LLC lifted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 42.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,573 shares of the technology company’s stock after acquiring an additional 1,673 shares during the period. Savant Capital LLC’s holdings in Guidewire Software were worth $768,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Truist Financial Corp raised its stake in Guidewire Software by 10.9% during the fourth quarter. Truist Financial Corp now owns 7,215 shares of the technology company’s stock worth $787,000 after purchasing an additional 709 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Guidewire Software by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 513,104 shares of the technology company’s stock worth $55,949,000 after buying an additional 5,949 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in Guidewire Software in the fourth quarter valued at $105,311,000. Brown Advisory Inc. grew its position in Guidewire Software by 34.1% during the fourth quarter. Brown Advisory Inc. now owns 638,258 shares of the technology company’s stock valued at $69,596,000 after acquiring an additional 162,438 shares during the period. Finally, Norges Bank acquired a new stake in Guidewire Software during the fourth quarter worth about $97,829,000.

Insider Buying and Selling at Guidewire Software

In other news, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $139.12, for a total value of $187,812.00. Following the completion of the sale, the insider now owns 139,171 shares of the company’s stock, valued at approximately $19,361,469.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Jeffrey Elliott Cooper sold 3,017 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total transaction of $405,907.18. Following the transaction, the chief financial officer now directly owns 63,479 shares in the company, valued at $8,540,464.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $139.12, for a total transaction of $187,812.00. Following the sale, the insider now owns 139,171 shares of the company’s stock, valued at approximately $19,361,469.52. The disclosure for this sale can be found here. Insiders have sold 13,064 shares of company stock worth $1,782,775 in the last ninety days. 0.38% of the stock is owned by insiders.

Guidewire Software Stock Performance

NYSE:GWRE opened at $168.00 on Thursday. The stock has a market cap of $13.89 billion, a price-to-earnings ratio of -1,292.31 and a beta of 1.18. Guidewire Software, Inc. has a one year low of $85.15 and a one year high of $171.74. The business’s 50-day simple moving average is $146.37 and its 200 day simple moving average is $129.16.

Guidewire Software (NYSE:GWRE) last announced its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.32% and a negative net margin of 0.62%. The company had revenue of $291.50 million for the quarter, compared to analyst estimates of $283.84 million. During the same period in the prior year, the company posted $0.30 EPS. Guidewire Software’s quarterly revenue was up 8.0% on a year-over-year basis. On average, equities research analysts predict that Guidewire Software, Inc. will post 0.38 EPS for the current year.

Analysts Set New Price Targets

GWRE has been the subject of a number of research reports. Wells Fargo & Company boosted their target price on Guidewire Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Robert W. Baird boosted their price objective on shares of Guidewire Software from $152.00 to $165.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 3rd. Citigroup raised their target price on shares of Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday. BTIG Research upped their price target on shares of Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Bank of America raised their price objective on Guidewire Software from $80.00 to $95.00 and gave the company an “underperform” rating in a research report on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $161.69.

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.