4,676 Shares of Guidewire Software, Inc. $GWRE Bought by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC bought a new stake in Guidewire Software, Inc. (NYSE:GWRE) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,676 shares of the technology company’s stock, valued at approximately $667,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Guidewire Software during the 3rd quarter valued at about $28,000. Fiduciary Financial Advisors bought a new stake in shares of Guidewire Software during the 2nd quarter worth about $29,000. Legacies Wealth LLC acquired a new stake in shares of Guidewire Software in the 3rd quarter worth approximately $38,000. Silvant Capital Management LLC acquired a new stake in shares of Guidewire Software in the 2nd quarter worth approximately $33,000. Finally, IFP Advisors Inc lifted its stake in shares of Guidewire Software by 129.2% in the 3rd quarter. IFP Advisors Inc now owns 330 shares of the technology company’s stock worth $47,000 after acquiring an additional 186 shares during the period.

Analyst Ratings Changes

GWRE has been the subject of several recent analyst reports. DA Davidson reiterated a “buy” rating and issued a $222.00 price objective on shares of Guidewire Software in a report on Friday, October 2nd. Citizens Jmp reissued a “market outperform” rating and set a $220.00 target price on shares of Guidewire Software in a report on Friday, September 4th. Wells Fargo & Company upped their target price on Guidewire Software from $190.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, September 4th. Guggenheim increased their price target on Guidewire Software from $180.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a research note on Friday, September 4th. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Guidewire Software currently has an average rating of “Moderate Buy” and a consensus price target of $216.23.

Guidewire Software Price Performance

Shares of Guidewire Software stock opened at $160.74 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.57. The company’s 50-day moving average price is $163.33 and its two-hundred day moving average price is $149.31. Guidewire Software, Inc. has a 52 week low of $102.30 and a 52 week high of $229.85. The stock has a market cap of $13.28 billion, a PE ratio of 98.62 and a beta of 1.01.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, September 3rd. The technology company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. Guidewire Software had a net margin of 9.44% and a return on equity of 12.66%. The company had revenue of $411.09 million during the quarter, compared to the consensus estimate of $402.61 million. During the same period in the prior year, the company earned $0.84 EPS. Guidewire Software’s revenue was up 15.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Guidewire Software, Inc. will post 2.45 EPS for the current fiscal year.

Insider Buying and Selling

In other Guidewire Software news, insider James King sold 9,187 shares of Guidewire Software stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $168.00, for a total value of $1,543,416.00. Following the transaction, the insider owned 35,371 shares in the company, valued at approximately $5,942,328. The trade was a 20.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President John P. Mullen sold 1,800 shares of Guidewire Software stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $187.19, for a total transaction of $336,942.00. Following the completion of the transaction, the president owned 176,447 shares in the company, valued at approximately $33,029,113.93. This trade represents a 1.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 209,135 shares of company stock worth $31,764,329 in the last ninety days. 0.50% of the stock is currently owned by corporate insiders.

About Guidewire Software

Guidewire Software develops software for property and casualty insurance companies. Its products support core insurance operations, including policy administration, billing and claims management, as well as data analytics and digital customer services.

The company offers its applications through Guidewire Cloud and provides related implementation and support services. Its platform includes products such as PolicyCenter, BillingCenter and ClaimCenter, designed to help insurers manage workflows and modernize their technology systems.

Founded in 2001, Guidewire is headquartered in San Mateo, California, and serves insurance organizations in markets around the world.