Arkadios Wealth Advisors Has $451,000 Position in Guidewire Software, Inc. (NYSE:GWRE)

Arkadios Wealth Advisors lowered its position in Guidewire Software, Inc. (NYSE:GWRE) by 13.0% in the third quarter, HoldingsChannel.com reports. The fund owned 2,466 shares of the technology company’s stock after selling 370 shares during the quarter. Arkadios Wealth Advisors’ holdings in Guidewire Software were worth $451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Guidewire Software by 0.8% in the first quarter. Vanguard Group Inc. now owns 8,134,952 shares of the technology company’s stock valued at $949,430,000 after purchasing an additional 67,439 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Guidewire Software by 23.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,747,349 shares of the technology company’s stock valued at $378,832,000 after purchasing an additional 516,942 shares during the period. Linonia Partnership LP raised its position in shares of Guidewire Software by 8.4% in the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock valued at $330,329,000 after purchasing an additional 185,077 shares during the period. Whale Rock Capital Management LLC raised its position in shares of Guidewire Software by 23.4% in the first quarter. Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company’s stock valued at $148,323,000 after purchasing an additional 240,622 shares during the period. Finally, Blair William & Co. IL raised its position in shares of Guidewire Software by 5.4% in the first quarter. Blair William & Co. IL now owns 1,244,416 shares of the technology company’s stock valued at $145,236,000 after purchasing an additional 64,149 shares during the period.

Insiders Place Their Bets

In other news, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total value of $201,190.50. Following the sale, the insider now directly owns 137,821 shares in the company, valued at approximately $20,539,463.63. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total value of $201,190.50. Following the sale, the insider now directly owns 137,821 shares in the company, valued at approximately $20,539,463.63. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider James Winston King sold 4,514 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $172.66, for a total transaction of $779,387.24. Following the completion of the sale, the insider now owns 48,237 shares in the company, valued at approximately $8,328,600.42. The trade was a 0.00 % 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 $9,050,448 over the last ninety days. Corporate insiders own 0.38% of the company’s stock.

Guidewire Software Stock Up 0.7 %

Shares of Guidewire Software stock opened at $189.50 on Thursday. The company has a market capitalization of $15.66 billion, a price-to-earnings ratio of -1,457.92, a PEG ratio of 48.42 and a beta of 1.19. Guidewire Software, Inc. has a 12-month low of $86.49 and a 12-month high of $191.48. The firm’s 50-day moving average price is $172.18 and its two-hundred day moving average price is $145.11.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Oppenheimer reissued an “outperform” rating and issued a $200.00 price objective (up from $185.00) on shares of Guidewire Software in a research report on Friday, October 11th. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research report on Friday, October 11th. Wells Fargo & Company increased their price objective on shares of Guidewire Software from $200.00 to $205.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. The Goldman Sachs Group raised their price target on shares of Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Finally, DA Davidson reaffirmed a “buy” rating and set a $168.00 price target on shares of Guidewire Software in a research report on Friday, September 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $178.62.

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.