Guidewire Software, Inc. (NYSE:GWRE) Shares Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. increased its position in Guidewire Software, Inc. (NYSE:GWRE) by 14.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,729 shares of the technology company’s stock after buying an additional 349 shares during the period. Atria Wealth Solutions Inc.’s holdings in Guidewire Software were worth $511,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of GWRE. Massachusetts Financial Services Co. MA raised its position in shares of Guidewire Software by 16.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 5,157,195 shares of the technology company’s stock valued at $966,252,000 after buying an additional 720,322 shares during the last quarter. Congress Asset Management Co. acquired a new position in shares of Guidewire Software in the first quarter valued at approximately $85,453,000. Janus Henderson Group PLC raised its position in shares of Guidewire Software by 242.2% in the fourth quarter. Janus Henderson Group PLC now owns 555,892 shares of the technology company’s stock valued at $93,683,000 after buying an additional 393,445 shares during the last quarter. Balyasny Asset Management L.P. raised its position in shares of Guidewire Software by 877.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 367,445 shares of the technology company’s stock valued at $61,944,000 after buying an additional 329,863 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Guidewire Software by 27,342.6% in the first quarter. GAMMA Investing LLC now owns 260,430 shares of the technology company’s stock valued at $487,940,000 after buying an additional 259,481 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GWRE. The Goldman Sachs Group boosted their price objective on shares of Guidewire Software from $235.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Wall Street Zen raised shares of Guidewire Software from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Citigroup upped their price target on shares of Guidewire Software from $199.00 to $247.00 and gave the stock a “neutral” rating in a research report on Thursday, June 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $290.00 price target on shares of Guidewire Software in a research report on Monday, June 23rd. Finally, Oppenheimer upped their price target on shares of Guidewire Software from $230.00 to $275.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Guidewire Software has a consensus rating of “Moderate Buy” and a consensus target price of $250.92.

Guidewire Software Price Performance

GWRE opened at $208.82 on Thursday. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.49. Guidewire Software, Inc. has a 52-week low of $142.94 and a 52-week high of $263.20. The company has a 50 day moving average of $231.32 and a two-hundred day moving average of $211.50. The company has a market cap of $17.58 billion, a P/E ratio of 522.05, a P/E/G ratio of 14.66 and a beta of 1.16.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Tuesday, June 3rd. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.41. Guidewire Software had a net margin of 3.04% and a return on equity of 6.96%. The company had revenue of $293.51 million during the quarter, compared to the consensus estimate of $286.40 million. During the same period in the previous year, the firm earned $0.26 earnings per share. Guidewire Software’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, analysts expect that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Insiders Place Their Bets

In other Guidewire Software news, President John P. Mullen sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $223.28, for a total transaction of $669,840.00. Following the completion of the sale, the president directly owned 143,489 shares in the company, valued at $32,038,223.92. The trade was a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $212.44, for a total transaction of $297,416.00. Following the sale, the chief executive officer owned 227,468 shares of the company’s stock, valued at approximately $48,323,301.92. This represents a 0.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,742 shares of company stock worth $5,870,207 over the last ninety days. 0.48% of the stock is owned by company 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.