Exchange Traded Concepts LLC Invests $712,000 in Guidewire Software, Inc. $GWRE

Exchange Traded Concepts LLC acquired a new position in Guidewire Software, Inc. (NYSE:GWRE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,096 shares of the technology company’s stock, valued at approximately $712,000.

Several other institutional investors have also added to or reduced their stakes in the business. Rafferty Asset Management LLC bought a new position in shares of Guidewire Software in the first quarter worth $268,000. Canada Pension Plan Investment Board boosted its stake in Guidewire Software by 121.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 23,300 shares of the technology company’s stock worth $4,365,000 after purchasing an additional 12,800 shares during the period. Evergreen Capital Management LLC grew its holdings in Guidewire Software by 24.3% during the 1st quarter. Evergreen Capital Management LLC now owns 1,728 shares of the technology company’s stock valued at $324,000 after buying an additional 338 shares in the last quarter. Vident Advisory LLC lifted its holdings in shares of Guidewire Software by 24.4% in the first quarter. Vident Advisory LLC now owns 3,093 shares of the technology company’s stock worth $580,000 after buying an additional 607 shares in the last quarter. Finally, Twin Tree Management LP boosted its holdings in Guidewire Software by 970.3% in the 1st quarter. Twin Tree Management LP now owns 18,088 shares of the technology company’s stock valued at $3,389,000 after purchasing an additional 16,398 shares during the period.

Guidewire Software Trading Down 0.9%

GWRE opened at $203.68 on Tuesday. Guidewire Software, Inc. has a one year low of $165.08 and a one year high of $272.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.48 and a quick ratio of 3.48. The business has a 50 day simple moving average of $216.98 and a two-hundred day simple moving average of $225.92. The firm has a market capitalization of $17.32 billion, a price-to-earnings ratio of 193.98, a PEG ratio of 13.46 and a beta of 1.08.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Wednesday, December 3rd. The technology company reported $0.66 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.66. The firm had revenue of $332.64 million for the quarter, compared to analysts’ expectations of $316.62 million. Guidewire Software had a return on equity of 10.15% and a net margin of 7.23%.The business’s revenue was up 26.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 earnings per share. Analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current year.

Insider Transactions at Guidewire Software

In other news, CFO Jeffrey Elliott Cooper sold 1,232 shares of Guidewire Software stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $195.00, for a total transaction of $240,240.00. Following the sale, the chief financial officer owned 72,969 shares of the company’s stock, valued at approximately $14,228,955. The trade was a 1.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO David Franklin Peterson sold 358 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $192.08, for a total transaction of $68,764.64. Following the completion of the transaction, the chief accounting officer directly owned 12,806 shares of the company’s stock, valued at approximately $2,459,776.48. The trade was a 2.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 57,140 shares of company stock worth $11,873,354. 0.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GWRE shares. Robert W. Baird upped their price objective on Guidewire Software from $270.00 to $288.00 and gave the stock an “outperform” rating in a report on Friday, September 5th. Royal Bank Of Canada boosted their price target on shares of Guidewire Software from $290.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, September 5th. Zacks Research cut Guidewire Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Citigroup boosted their target price on Guidewire Software from $242.00 to $245.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. Finally, Stifel Nicolaus increased their target price on Guidewire Software from $270.00 to $300.00 and gave the company a “buy” rating in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $271.29.

About Guidewire Software

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.