Farther Finance Advisors LLC Grows Stock Position in Guidewire Software, Inc. (NYSE:GWRE)

Farther Finance Advisors LLC boosted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 621.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 750 shares of the technology company’s stock after buying an additional 646 shares during the quarter. Farther Finance Advisors LLC’s holdings in Guidewire Software were worth $143,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Ossiam purchased a new stake in shares of Guidewire Software in the fourth quarter valued at about $29,000. MassMutual Private Wealth & Trust FSB increased its holdings in Guidewire Software by 70.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 170 shares of the technology company’s stock valued at $32,000 after buying an additional 70 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in Guidewire Software during the fourth quarter worth $34,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Guidewire Software by 101.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company’s stock worth $34,000 after buying an additional 99 shares during the last quarter. Finally, Colonial Trust Co SC grew its holdings in Guidewire Software by 176.0% during the 4th quarter. Colonial Trust Co SC now owns 287 shares of the technology company’s stock valued at $48,000 after buying an additional 183 shares during the last quarter.

Insider Transactions at Guidewire Software

In other news, Director Michael C. Keller sold 860 shares of the business’s stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $254.53, for a total value of $218,895.80. Following the transaction, the director now owns 11,410 shares in the company, valued at $2,904,187.30. The trade was a 7.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the firm’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $195.15, for a total value of $273,210.00. Following the sale, the chief executive officer now directly owns 261,393 shares of the company’s stock, valued at approximately $51,010,843.95. This represents a 0.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,160 shares of company stock valued at $3,482,079 over the last ninety days. 0.48% of the stock is currently owned by insiders.

Guidewire Software Stock Down 3.8%

Shares of NYSE:GWRE opened at $237.34 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.23 and a quick ratio of 3.23. The company has a market capitalization of $19.98 billion, a price-to-earnings ratio of 593.34, a P/E/G ratio of 24.24 and a beta of 1.15. The business’s 50-day moving average is $217.83 and its 200-day moving average is $198.83. Guidewire Software, Inc. has a 1 year low of $132.01 and a 1 year high of $263.20.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.41. Guidewire Software had a return on equity of 6.96% and a net margin of 3.04%. The firm had revenue of $293.51 million during the quarter, compared to analysts’ expectations of $286.40 million. During the same quarter last year, the firm posted $0.26 earnings per share. The company’s revenue for the quarter was up 22.0% compared to the same quarter last year. Equities research analysts predict that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GWRE. Citigroup lifted their price target on shares of Guidewire Software from $199.00 to $247.00 and gave the company a “neutral” rating in a report on Thursday, June 5th. Wells Fargo & Company upped their price objective on Guidewire Software from $220.00 to $265.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. JMP Securities boosted their price objective on Guidewire Software from $250.00 to $281.00 and gave the company a “market outperform” rating in a research report on Wednesday, June 4th. Royal Bank Of Canada boosted their price target on Guidewire Software from $230.00 to $290.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 4th. Finally, The Goldman Sachs Group lifted their target price on Guidewire Software from $235.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Guidewire Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $247.00.

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.