Lynx Investment Advisory Buys Shares of 300 Guidewire Software, Inc. (NYSE:GWRE)

Lynx Investment Advisory purchased a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 300 shares of the technology company’s stock, valued at approximately $41,000.

A number of other large investors have also recently made changes to their positions in GWRE. Partners Capital Investment Group LLP grew its position in Guidewire Software by 2.9% in the 4th quarter. Partners Capital Investment Group LLP now owns 3,468 shares of the technology company’s stock worth $378,000 after purchasing an additional 99 shares during the period. Greenwich Wealth Management LLC grew its holdings in shares of Guidewire Software by 0.3% in the fourth quarter. Greenwich Wealth Management LLC now owns 37,151 shares of the technology company’s stock worth $4,051,000 after acquiring an additional 101 shares during the period. Lindbrook Capital LLC increased its position in Guidewire Software by 45.7% during the fourth quarter. Lindbrook Capital LLC now owns 421 shares of the technology company’s stock valued at $46,000 after acquiring an additional 132 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in Guidewire Software by 8.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,803 shares of the technology company’s stock valued at $197,000 after acquiring an additional 142 shares during the period. Finally, CWM LLC boosted its position in Guidewire Software by 18.4% in the fourth quarter. CWM LLC now owns 1,154 shares of the technology company’s stock worth $126,000 after purchasing an additional 179 shares during the last quarter.

Guidewire Software Trading Up 0.6 %

GWRE traded up $0.85 on Wednesday, hitting $142.85. 131,609 shares of the company’s stock traded hands, compared to its average volume of 636,678. Guidewire Software, Inc. has a one year low of $78.05 and a one year high of $153.85. The firm has a market cap of $11.81 billion, a price-to-earnings ratio of -1,090.92 and a beta of 1.19. The company’s 50 day simple moving average is $136.56 and its 200-day simple moving average is $123.03.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GWRE. JPMorgan Chase & Co. upped their price target on shares of Guidewire Software from $133.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, June 5th. The Goldman Sachs Group increased their price target on shares of Guidewire Software from $146.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Oppenheimer lifted their price target on shares of Guidewire Software from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 5th. Wells Fargo & Company upped their price objective 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, BTIG Research lifted their target price on Guidewire Software from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $137.31.

Insiders Place Their Bets

In other news, CFO Jeffrey Elliott Cooper sold 3,017 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $134.54, for a total transaction of $405,907.18. Following the completion of the transaction, the chief financial officer now owns 63,479 shares in the company, valued at $8,540,464.66. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $123.16, for a total transaction of $166,266.00. Following the sale, the insider now owns 146,697 shares of the company’s stock, valued at $18,067,202.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Jeffrey Elliott Cooper sold 3,017 shares of the stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $134.54, for a total transaction of $405,907.18. Following the transaction, the chief financial officer now owns 63,479 shares of the company’s stock, valued at approximately $8,540,464.66. The disclosure for this sale can be found here. Insiders have sold a total of 13,064 shares of company stock worth $1,747,850 in the last 90 days. 0.38% of the stock is currently owned by corporate insiders.

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.