Commonwealth Equity Services LLC Makes New Investment in Guidewire Software, Inc. (NYSE:GWRE)

Commonwealth Equity Services LLC bought a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,321 shares of the technology company’s stock, valued at approximately $223,000.

Other large investors also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new position in Guidewire Software in the 4th quarter worth approximately $25,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Guidewire Software in the 4th quarter worth about $34,000. R Squared Ltd acquired a new position in shares of Guidewire Software during the fourth quarter valued at $47,000. Tobam acquired a new position in shares of Guidewire Software during the fourth quarter valued at approximately $52,000. Finally, Arcadia Investment Management Corp MI bought a new position in shares of Guidewire Software during the 4th quarter valued at about $75,000.

Analyst Ratings Changes

Several brokerages have commented on GWRE. Robert W. Baird raised their target price on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. JPMorgan Chase & Co. upped their price target on Guidewire Software from $228.00 to $231.00 and gave the company an “overweight” rating in a report on Friday, March 7th. The Goldman Sachs Group increased their price objective on Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Guidewire Software currently has an average rating of “Moderate Buy” and an average target price of $206.08.

Insider Transactions at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $167.82, for a total value of $234,948.00. Following the completion of the transaction, the chief executive officer now directly owns 258,593 shares in the company, valued at approximately $43,397,077.26. This represents a 0.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President John P. Mullen sold 6,116 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total transaction of $1,158,431.56. Following the transaction, the president now owns 166,330 shares of the company’s stock, valued at approximately $31,504,565.30. The trade was a 3.55 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,280 shares of company stock worth $8,085,170. Company insiders own 0.48% of the company’s stock.

Guidewire Software Stock Up 9.2 %

Shares of NYSE:GWRE opened at $188.66 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. Guidewire Software, Inc. has a 52 week low of $107.00 and a 52 week high of $219.59. The company has a 50 day moving average price of $195.98 and a two-hundred day moving average price of $189.27. The company has a market capitalization of $15.82 billion, a PE ratio of 524.06, a PEG ratio of 37.21 and a beta of 1.19.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 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 company had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

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.