Wealth Enhancement Advisory Services LLC Purchases 7,328 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Wealth Enhancement Advisory Services LLC raised its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 20.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,903 shares of the technology company’s stock after acquiring an additional 7,328 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.05% of Guidewire Software worth $7,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. ORG Partners LLC purchased a new position in Guidewire Software in the first quarter worth about $29,000. Rothschild Investment LLC bought a new stake in shares of Guidewire Software in the 2nd quarter valued at approximately $31,000. Lynx Investment Advisory purchased a new position in shares of Guidewire Software in the 2nd quarter worth approximately $41,000. DT Investment Partners LLC bought a new position in shares of Guidewire Software during the 2nd quarter valued at approximately $41,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Guidewire Software during the 2nd quarter valued at $55,000.

Insider Activity at Guidewire Software

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total transaction of $201,190.50. Following the completion of the sale, the insider now directly owns 137,821 shares of the company’s stock, valued at approximately $20,539,463.63. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction on 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 directly owns 137,821 shares of the company’s stock, valued at approximately $20,539,463.63. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John P. Mullen sold 6,718 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $27,562,643.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,601 shares of company stock valued at $9,050,448 over the last quarter. 0.38% of the stock is owned by corporate insiders.

Guidewire Software Stock Performance

NYSE:GWRE opened at $189.50 on Thursday. The firm has a 50-day simple moving average of $172.18 and a 200-day simple moving average of $145.11. Guidewire Software, Inc. has a one year low of $86.49 and a one year high of $191.48. The firm has a market cap of $15.66 billion, a P/E ratio of -1,457.69, a P/E/G ratio of 48.42 and a beta of 1.19.

Guidewire Software (NYSE:GWRE) last posted 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 company had revenue of $291.50 million during the quarter, compared to analyst estimates of $283.84 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. Guidewire Software’s revenue was up 8.0% on a year-over-year basis. On average, research analysts predict that Guidewire Software, Inc. will post 0.53 EPS for the current fiscal year.

Analyst Ratings Changes

GWRE has been the topic of a number of analyst reports. Royal Bank of Canada boosted their price objective on shares of Guidewire Software from $180.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. BTIG Research upped their price target on shares of Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a report on Friday, August 30th. DA Davidson reissued a “buy” rating and issued a $168.00 price objective on shares of Guidewire Software in a research note on Friday, September 6th. Citigroup boosted their target price on Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Finally, Stifel Nicolaus increased their price target on Guidewire Software from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.