Bleakley Financial Group LLC Takes $243,000 Position in Guidewire Software, Inc. (NYSE:GWRE)

Bleakley Financial Group LLC acquired a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,230 shares of the technology company’s stock, valued at approximately $243,000.

Several other institutional investors have also modified their holdings of GWRE. HighTower Advisors LLC lifted its holdings in shares of Guidewire Software by 5.5% during the 1st quarter. HighTower Advisors LLC now owns 13,825 shares of the technology company’s stock valued at $1,311,000 after purchasing an additional 726 shares in the last quarter. Cetera Advisor Networks LLC lifted its holdings in shares of Guidewire Software by 6.6% during the 1st quarter. Cetera Advisor Networks LLC now owns 4,428 shares of the technology company’s stock valued at $419,000 after purchasing an additional 276 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Guidewire Software during the 1st quarter valued at about $253,000. MetLife Investment Management LLC bought a new position in shares of Guidewire Software during the 1st quarter valued at about $159,000. Finally, Raymond James Trust N.A. lifted its holdings in shares of Guidewire Software by 2.0% during the 1st quarter. Raymond James Trust N.A. now owns 10,089 shares of the technology company’s stock valued at $955,000 after purchasing an additional 195 shares in the last quarter.

Guidewire Software Stock Down 1.8 %

GWRE stock opened at $109.30 on Tuesday. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $9.00 billion, a PE ratio of -176.29 and a beta of 1.15. Guidewire Software, Inc. has a 1-year low of $68.45 and a 1-year high of $122.35. The business’s 50 day simple moving average is $115.98 and its 200 day simple moving average is $105.57.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, March 7th. The technology company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.22. The business had revenue of $240.90 million for the quarter, compared to analyst estimates of $240.93 million. Guidewire Software had a negative return on equity of 3.60% and a negative net margin of 5.48%. As a group, research analysts anticipate that Guidewire Software, Inc. will post -0.42 EPS for the current year.

Insider Buying and Selling

In related news, insider John P. Mullen sold 3,665 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total transaction of $409,563.75. Following the transaction, the insider now directly owns 149,397 shares of the company’s stock, valued at approximately $16,695,114.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Guidewire Software news, CEO Michael George Rosenbaum sold 4,420 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $493,935.00. Following the transaction, the chief executive officer now directly owns 245,375 shares of the company’s stock, valued at approximately $27,420,656.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John P. Mullen sold 3,665 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total value of $409,563.75. Following the completion of the transaction, the insider now directly owns 149,397 shares in the company, valued at $16,695,114.75. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have commented on GWRE shares. Oppenheimer boosted their target price on Guidewire Software from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Robert W. Baird boosted their target price on Guidewire Software from $131.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. DA Davidson restated a “buy” rating and issued a $126.00 target price on shares of Guidewire Software in a research note on Tuesday, March 5th. Raymond James started coverage on Guidewire Software in a research note on Thursday, February 1st. They issued an “outperform” rating and a $125.00 target price on the stock. Finally, Wells Fargo & Company upgraded Guidewire Software from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, December 20th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.11.

Guidewire Software Company 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.