Guidewire Software, Inc. (NYSE:GWRE) Shares Purchased by AGF Management Ltd.

AGF Management Ltd. increased its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,310 shares of the technology company’s stock after acquiring an additional 497 shares during the period. AGF Management Ltd.’s holdings in Guidewire Software were worth $2,663,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in Guidewire Software by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 513,104 shares of the technology company’s stock valued at $55,949,000 after purchasing an additional 5,949 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in Guidewire Software in the fourth quarter valued at $105,311,000. Brown Advisory Inc. grew its holdings in Guidewire Software by 34.1% in the fourth quarter. Brown Advisory Inc. now owns 638,258 shares of the technology company’s stock valued at $69,596,000 after purchasing an additional 162,438 shares during the last quarter. Norges Bank acquired a new stake in Guidewire Software in the fourth quarter valued at $97,829,000. Finally, PNC Financial Services Group Inc. grew its holdings in Guidewire Software by 8.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,900 shares of the technology company’s stock valued at $970,000 after purchasing an additional 678 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. BTIG Research upped their target price on Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a report on Friday, August 30th. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a research report on Friday, September 6th. Oppenheimer upped their price objective on Guidewire Software from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, September 6th. Stifel Nicolaus upped their price objective on Guidewire Software from $140.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Finally, Wells Fargo & Company upped their price objective on Guidewire Software from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $161.69.

Guidewire Software Trading Up 1.0 %

NYSE GWRE opened at $169.80 on Friday. The business’s 50-day moving average price is $146.99 and its 200 day moving average price is $129.44. Guidewire Software, Inc. has a twelve month low of $85.15 and a twelve month high of $171.74. The company has a market capitalization of $14.04 billion, a PE ratio of -1,306.15 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $291.50 million for the quarter, compared to the consensus estimate of $283.84 million. During the same period in the prior year, the business posted $0.30 earnings per share. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. Equities analysts predict that Guidewire Software, Inc. will post 0.38 EPS for the current year.

Insider Transactions at Guidewire Software

In other news, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $139.12, for a total value of $187,812.00. Following the transaction, the insider now directly owns 139,171 shares in the company, valued at approximately $19,361,469.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Jeffrey Elliott Cooper sold 1,765 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $134.20, for a total value of $236,863.00. Following the transaction, the chief financial officer now directly owns 61,714 shares in the company, valued at approximately $8,282,018.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $139.12, for a total value of $187,812.00. Following the completion of the transaction, the insider now owns 139,171 shares in the company, valued at $19,361,469.52. The disclosure for this sale can be found here. Insiders have sold a total of 13,064 shares of company stock worth $1,782,775 in the last three months. 0.38% of the stock is currently owned by company insiders.

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.