OneAscent Financial Services LLC Acquires Shares of 1,223 Guidewire Software, Inc. (NYSE:GWRE)

OneAscent Financial Services LLC acquired a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,223 shares of the technology company’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Guidewire Software by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 8,455,534 shares of the technology company’s stock worth $1,425,434,000 after acquiring an additional 90,618 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Guidewire Software by 29.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,436,873 shares of the technology company’s stock worth $747,968,000 after purchasing an additional 1,009,966 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in Guidewire Software by 26.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,407,778 shares of the technology company’s stock valued at $237,323,000 after purchasing an additional 291,774 shares in the last quarter. Geode Capital Management LLC increased its stake in Guidewire Software by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,342,771 shares of the technology company’s stock valued at $226,701,000 after purchasing an additional 12,697 shares during the last quarter. Finally, Whale Rock Capital Management LLC raised its holdings in Guidewire Software by 3.3% during the third quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company’s stock worth $177,954,000 after purchasing an additional 31,512 shares in the last quarter.

Guidewire Software Trading Down 5.3 %

NYSE:GWRE opened at $174.35 on Friday. Guidewire Software, Inc. has a 12-month low of $107.00 and a 12-month high of $219.59. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The stock’s 50 day simple moving average is $198.84 and its 200-day simple moving average is $189.07. The firm has a market cap of $14.62 billion, a P/E ratio of 484.30, a PEG ratio of 37.21 and a beta of 1.31.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The firm had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. Equities analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Insider Buying and Selling

In other Guidewire Software news, President John P. Mullen sold 2,300 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.95, for a total transaction of $432,285.00. Following the transaction, the president now owns 164,030 shares in the company, valued at approximately $30,829,438.50. The trade was a 1.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider James Winston King sold 270 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total value of $47,190.60. Following the completion of the sale, the insider now directly owns 45,664 shares of the company’s stock, valued at $7,981,153.92. This represents a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,880 shares of company stock valued at $7,850,222 over the last ninety days. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on GWRE. The Goldman Sachs Group increased their target price on shares of Guidewire Software from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Robert W. Baird raised their price objective on Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Royal Bank of Canada boosted their target price on Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. JMP Securities restated a “market outperform” rating and set a $231.00 price target on shares of Guidewire Software in a research note on Friday, December 6th. Finally, Oppenheimer boosted their price objective on Guidewire Software from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $206.08.

Guidewire Software Company 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.