PDS Planning Inc bought a new position in shares of Guidewire Software, Inc. (NYSE:GWRE – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 856 shares of the technology company’s stock, valued at approximately $202,000.
Other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. grew its position in Guidewire Software by 403.8% during the first quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company’s stock worth $25,000 after buying an additional 105 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in Guidewire Software during the first quarter worth about $25,000. Quarry LP acquired a new stake in Guidewire Software during the first quarter worth about $28,000. Rise Advisors LLC acquired a new stake in Guidewire Software during the first quarter worth about $31,000. Finally, Dunhill Financial LLC acquired a new stake in Guidewire Software during the first quarter worth about $33,000.
Guidewire Software Stock Performance
GWRE stock opened at $242.56 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.77 and a quick ratio of 2.77. The company has a 50 day moving average price of $229.42 and a 200 day moving average price of $221.12. Guidewire Software, Inc. has a fifty-two week low of $165.08 and a fifty-two week high of $272.60. The stock has a market capitalization of $20.50 billion, a PE ratio of 303.19 and a beta of 1.21.
Insider Transactions at Guidewire Software
In related news, CAO David Franklin Peterson sold 1,811 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $242.87, for a total value of $439,837.57. Following the completion of the transaction, the chief accounting officer owned 14,164 shares in the company, valued at $3,440,010.68. The trade was a 11.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider James Winston King sold 7,162 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $248.82, for a total transaction of $1,782,048.84. Following the completion of the transaction, the insider owned 38,615 shares of the company’s stock, valued at $9,608,184.30. This trade represents a 15.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 111,545 shares of company stock worth $26,742,022 over the last ninety days. 0.48% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on GWRE. Wall Street Zen downgraded Guidewire Software from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Raymond James Financial restated an “outperform” rating and set a $275.00 price target (up previously from $255.00) on shares of Guidewire Software in a research note on Friday, September 5th. DA Davidson raised their price target on shares of Guidewire Software from $246.00 to $250.00 and gave the stock a “neutral” rating in a research note on Monday, September 8th. Stifel Nicolaus raised their price target on shares of Guidewire Software from $270.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Finally, Robert W. Baird raised their price target on shares of Guidewire Software from $270.00 to $288.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Nine equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $274.08.
Get Our Latest Stock Report on Guidewire Software
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.
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