Scientech Research LLC Makes New $261,000 Investment in Guidewire Software, Inc. (NYSE:GWRE)

Scientech Research LLC bought a new stake in Guidewire Software, Inc. (NYSE:GWRE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,896 shares of the technology company’s stock, valued at approximately $261,000.

Several other large investors have also modified their holdings of the stock. Teca Partners LP lifted its position in Guidewire Software by 31.1% in the fourth quarter. Teca Partners LP now owns 195,599 shares of the technology company’s stock valued at $21,328,000 after purchasing an additional 46,453 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in shares of Guidewire Software in the 4th quarter valued at approximately $204,000. Wasatch Advisors LP boosted its stake in shares of Guidewire Software by 4.2% in the first quarter. Wasatch Advisors LP now owns 2,874,758 shares of the technology company’s stock valued at $335,513,000 after buying an additional 115,600 shares in the last quarter. SG Americas Securities LLC acquired a new position in Guidewire Software during the first quarter worth $417,000. Finally, Cetera Investment Advisers raised its position in Guidewire Software by 648.0% in the first quarter. Cetera Investment Advisers now owns 18,117 shares of the technology company’s stock worth $2,114,000 after acquiring an additional 15,695 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. JMP Securities upped their price target on shares of Guidewire Software from $141.00 to $179.00 and gave the stock a “market outperform” rating in a research note on Friday, September 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a report on Friday, September 6th. Oppenheimer boosted their price target on Guidewire Software from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th. BTIG Research upped their price target on Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, DA Davidson reaffirmed a “buy” rating and set a $168.00 price objective on shares of Guidewire Software in a report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $163.62.

Guidewire Software Stock Up 2.8 %

Shares of NYSE:GWRE opened at $182.94 on Tuesday. The company has a market capitalization of $15.12 billion, a P/E ratio of -1,407.23 and a beta of 1.18. Guidewire Software, Inc. has a 52-week low of $85.15 and a 52-week high of $183.23. The stock’s fifty day simple moving average is $155.43 and its 200-day simple moving average is $134.52.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.08. The company had revenue of $291.50 million for the quarter, compared to analyst estimates of $283.84 million. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. On average, sell-side analysts anticipate that Guidewire Software, Inc. will post 0.49 earnings per share for the current year.

Insider Buying and Selling

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $139.12, for a total value of $187,812.00. Following the completion of the transaction, the insider now directly owns 139,171 shares in the company, valued at approximately $19,361,469.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $139.12, for a total transaction of $187,812.00. Following the completion of the transaction, the insider now owns 139,171 shares of the company’s stock, valued at approximately $19,361,469.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider James Winston King sold 4,514 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $172.66, for a total transaction of $779,387.24. Following the transaction, the insider now owns 48,237 shares in the company, valued at $8,328,600.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,601 shares of company stock worth $8,984,892. 0.38% of the stock is owned by insiders.

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.