Guidewire Software (NYSE:GWRE) Hits New 1-Year High at $140.55

Guidewire Software, Inc. (NYSE:GWRE) hit a new 52-week high on Wednesday . The stock traded as high as $140.55 and last traded at $140.00, with a volume of 54136 shares. The stock had previously closed at $138.80.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on GWRE shares. Stifel Nicolaus increased their target price on Guidewire Software from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. BTIG Research increased their price objective on Guidewire Software from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, June 5th. DA Davidson restated a “buy” rating and set a $126.00 target price on shares of Guidewire Software in a research report on Tuesday, March 5th. Wells Fargo & Company boosted their price target on Guidewire Software from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, June 21st. Finally, Royal Bank of Canada lifted their price objective on Guidewire Software from $130.00 to $170.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $133.08.

Guidewire Software Price Performance

The company’s fifty day moving average price is $124.07 and its 200 day moving average price is $117.06.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Tuesday, June 4th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.14. The business had revenue of $240.68 million during the quarter, compared to the consensus estimate of $231.46 million. Guidewire Software had a negative return on equity of 1.19% and a negative net margin of 1.11%. Analysts anticipate that Guidewire Software, Inc. will post -0.31 earnings per share for the current fiscal year.

Insider Transactions at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 5,582 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total transaction of $751,002.28. Following the completion of the transaction, the chief executive officer now owns 239,793 shares in the company, valued at approximately $32,261,750.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Michael George Rosenbaum sold 5,582 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total transaction of $751,002.28. Following the completion of the sale, the chief executive officer now directly owns 239,793 shares of the company’s stock, valued at approximately $32,261,750.22. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Jeffrey Elliott Cooper sold 1,765 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $134.20, for a total value of $236,863.00. Following the sale, the chief financial officer now directly owns 61,714 shares in the company, valued at $8,282,018.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,064 shares of company stock valued at $1,710,361. Corporate insiders own 0.38% of the company’s stock.

Institutional Trading of Guidewire Software

Institutional investors have recently made changes to their positions in the stock. Gotham Asset Management LLC increased its position in Guidewire Software by 253.3% in the 3rd quarter. Gotham Asset Management LLC now owns 12,511 shares of the technology company’s stock worth $1,126,000 after purchasing an additional 8,970 shares during the last quarter. Vanguard Group Inc. raised its position in Guidewire Software by 0.5% during the third quarter. Vanguard Group Inc. now owns 8,045,464 shares of the technology company’s stock valued at $724,092,000 after acquiring an additional 38,954 shares in the last quarter. Alberta Investment Management Corp grew its position in Guidewire Software by 11.1% in the fourth quarter. Alberta Investment Management Corp now owns 33,678 shares of the technology company’s stock worth $3,672,000 after acquiring an additional 3,355 shares in the last quarter. Teca Partners LP increased its stake in shares of Guidewire Software by 31.1% during the 4th quarter. Teca Partners LP now owns 195,599 shares of the technology company’s stock worth $21,328,000 after purchasing an additional 46,453 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Guidewire Software during the 4th quarter valued at $204,000.

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.