Diversify Advisory Services LLC Acquires Shares of 3,774 Guidewire Software, Inc. $GWRE

Diversify Advisory Services LLC bought a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,774 shares of the technology company’s stock, valued at approximately $563,000.

Several other institutional investors also recently modified their holdings of the business. Advisors Asset Management Inc. purchased a new position in Guidewire Software in the first quarter worth $25,000. Amundi increased its position in shares of Guidewire Software by 703.0% during the 2nd quarter. Amundi now owns 36,093 shares of the technology company’s stock valued at $8,220,000 after purchasing an additional 31,598 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Guidewire Software during the 2nd quarter valued at $305,000. Bank of Nova Scotia raised its stake in shares of Guidewire Software by 30.9% during the 2nd quarter. Bank of Nova Scotia now owns 2,024 shares of the technology company’s stock worth $477,000 after purchasing an additional 478 shares during the period. Finally, NewEdge Advisors LLC raised its stake in shares of Guidewire Software by 30.6% during the 2nd quarter. NewEdge Advisors LLC now owns 4,911 shares of the technology company’s stock worth $1,156,000 after purchasing an additional 1,152 shares during the period.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Piper Sandler assumed coverage on shares of Guidewire Software in a research report on Monday, August 10th. They set an “overweight” rating and a $210.00 price target for the company. Royal Bank Of Canada lowered their price objective on shares of Guidewire Software from $250.00 to $215.00 and set an “outperform” rating on the stock in a research report on Friday, June 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. reduced their target price on shares of Guidewire Software from $300.00 to $258.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Finally, Zacks Research lowered shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Guidewire Software has a consensus rating of “Moderate Buy” and an average target price of $221.64.

Insider Activity

In other news, CEO Michael George Rosenbaum sold 1,200 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $172.88, for a total transaction of $207,456.00. Following the completion of the transaction, the chief executive officer directly owned 188,976 shares in the company, valued at $32,670,170.88. The trade was a 0.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider James Winston King sold 1,684 shares of the business’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $130.64, for a total transaction of $219,997.76. Following the transaction, the insider owned 30,018 shares of the company’s stock, valued at $3,921,551.52. This trade represents a 5.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 44,593 shares of company stock worth $6,572,106. Insiders own 0.46% of the company’s stock.

Guidewire Software Trading Up 0.5%

Shares of GWRE opened at $182.11 on Friday. The business’s 50-day moving average price is $143.28 and its 200-day moving average price is $141.54. Guidewire Software, Inc. has a twelve month low of $102.30 and a twelve month high of $272.60. The stock has a market cap of $15.16 billion, a PE ratio of 98.44 and a beta of 0.92. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The firm had revenue of $372.54 million for the quarter, compared to the consensus estimate of $355.92 million. During the same period in the prior year, the firm posted $0.88 earnings per share. The company’s revenue for the quarter was up 26.9% on a year-over-year basis. On average, equities analysts forecast that Guidewire Software, Inc. will post 1.83 EPS for the current fiscal year.

About Guidewire Software

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.