International Assets Investment Management LLC Buys Shares of 158,108 Guidewire Software, Inc. (NYSE:GWRE)

International Assets Investment Management LLC purchased a new position in Guidewire Software, Inc. (NYSE:GWRE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 158,108 shares of the technology company’s stock, valued at approximately $17,240,000.

Other large investors have also recently made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new stake in Guidewire Software in the third quarter valued at approximately $25,000. RiverPark Advisors LLC purchased a new position in Guidewire Software during the 4th quarter worth $27,000. CENTRAL TRUST Co purchased a new position in Guidewire Software during the 3rd quarter worth $29,000. Castleview Partners LLC acquired a new position in Guidewire Software during the 3rd quarter valued at about $40,000. Finally, Concord Wealth Partners purchased a new stake in Guidewire Software in the third quarter valued at about $98,000.

Guidewire Software Trading Up 0.0 %

Shares of Guidewire Software stock opened at $113.32 on Friday. The stock has a market cap of $9.33 billion, a PE ratio of -182.77 and a beta of 1.14. The firm has a fifty day moving average price of $114.15 and a 200 day moving average price of $107.51. Guidewire Software, Inc. has a 1 year low of $68.45 and a 1 year high of $122.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.45 and a quick ratio of 3.45.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, March 7th. The technology company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.22. The business had revenue of $240.90 million during 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%. Equities research analysts predict that Guidewire Software, Inc. will post -0.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GWRE has been the topic of several recent analyst reports. Raymond James started coverage on shares of Guidewire Software in a report on Thursday, February 1st. They set an “outperform” rating and a $125.00 price objective on the stock. Robert W. Baird upped their price target on shares of 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 reiterated a “buy” rating and set a $126.00 price objective on shares of Guidewire Software in a research note on Tuesday, March 5th. Finally, Oppenheimer upped their target price on Guidewire Software from $115.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $115.11.

Insider Activity at Guidewire Software

In related news, insider John P. Mullen sold 3,665 shares of Guidewire Software stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $111.75, for a total value of $409,563.75. Following the sale, the insider now directly owns 149,397 shares in the company, valued at approximately $16,695,114.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Michael George Rosenbaum sold 4,420 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were 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 $27,420,656.25. The transaction 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 dated Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total transaction of $409,563.75. Following the sale, the insider now directly owns 149,397 shares of the company’s stock, valued at approximately $16,695,114.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,435 shares of company stock worth $1,053,821. 0.38% of the stock is owned by corporate insiders.

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.