Xponance Inc. Raises Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Xponance Inc. grew its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 79.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,908 shares of the technology company’s stock after acquiring an additional 3,066 shares during the period. Xponance Inc.’s holdings in Guidewire Software were worth $953,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in GWRE. Corient Private Wealth LLC lifted its holdings in shares of Guidewire Software by 126.6% in the fourth quarter. Corient Private Wealth LLC now owns 8,912 shares of the technology company’s stock worth $972,000 after buying an additional 4,979 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in Guidewire Software by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 36,176 shares of the technology company’s stock worth $3,945,000 after purchasing an additional 350 shares in the last quarter. Bank of Nova Scotia bought a new position in shares of Guidewire Software during the 4th quarter valued at about $468,000. Partners Capital Investment Group LLP grew its position in shares of Guidewire Software by 2.9% during the fourth quarter. Partners Capital Investment Group LLP now owns 3,468 shares of the technology company’s stock valued at $378,000 after purchasing an additional 99 shares in the last quarter. Finally, Alberta Investment Management Corp increased its holdings in shares of Guidewire Software by 11.1% in the fourth quarter. Alberta Investment Management Corp now owns 33,678 shares of the technology company’s stock worth $3,672,000 after purchasing an additional 3,355 shares during the last quarter.

Insider Activity at Guidewire Software

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total value of $201,190.50. Following the transaction, the insider now directly owns 137,821 shares in the company, valued at approximately $20,539,463.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider John P. Mullen sold 6,718 shares of Guidewire Software stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $1,156,570.88. Following the completion of the sale, the insider now directly owns 160,099 shares in the company, valued at $27,562,643.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John P. Mullen sold 1,350 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total transaction of $201,190.50. Following the transaction, the insider now owns 137,821 shares in the company, valued at $20,539,463.63. The disclosure for this sale can be found here. Insiders sold 52,601 shares of company stock worth $8,984,892 in the last 90 days. 0.38% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on GWRE shares. Bank of America increased their price target on Guidewire Software from $80.00 to $95.00 and gave the company an “underperform” rating in a research note on Wednesday, June 5th. Robert W. Baird raised their target price on shares of Guidewire Software from $152.00 to $165.00 and gave the company an “outperform” rating in a report on Tuesday, September 3rd. Royal Bank of Canada upped their price target on shares of Guidewire Software from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research report on Friday, September 6th. Finally, JMP Securities lifted their price objective on shares of Guidewire Software from $141.00 to $179.00 and gave the stock a “market outperform” rating in a research note on Friday, September 6th. One investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.62.

Guidewire Software Stock Performance

GWRE opened at $177.97 on Friday. The stock’s 50 day moving average price is $154.66 and its 200-day moving average price is $133.91. Guidewire Software, Inc. has a one year low of $85.15 and a one year high of $179.13. The stock has a market cap of $14.71 billion, a price-to-earnings ratio of -1,369.00 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 analysts’ consensus estimates of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The business had revenue of $291.50 million for the quarter, compared to analyst estimates of $283.84 million. During the same quarter last year, the firm posted $0.30 earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year. As a group, analysts predict that Guidewire Software, Inc. will post 0.49 earnings per share for the current fiscal year.

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.