Diversify Advisory Services LLC Takes $563,000 Position in Guidewire Software, Inc. $GWRE

Diversify Advisory Services LLC bought a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,774 shares of the technology company’s stock, valued at approximately $563,000.

Several other large investors have also added to or reduced their stakes in GWRE. Advisors Asset Management Inc. bought a new stake in Guidewire Software in the first quarter worth approximately $25,000. Measured Wealth Private Client Group LLC bought a new position in shares of Guidewire Software during the 3rd quarter worth approximately $29,000. Leonteq Securities AG acquired a new stake in shares of Guidewire Software during the 1st quarter worth approximately $36,000. Bogart Wealth LLC grew its position in shares of Guidewire Software by 127.8% during the 1st quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock worth $37,000 after buying an additional 138 shares during the period. Finally, Harbour Investments Inc. increased its stake in shares of Guidewire Software by 83.0% in the 4th quarter. Harbour Investments Inc. now owns 247 shares of the technology company’s stock valued at $50,000 after acquiring an additional 112 shares in the last quarter.

Wall Street Analyst Weigh In

GWRE has been the topic of a number of research reports. The Goldman Sachs Group dropped their target price on shares of Guidewire Software from $255.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, June 5th. Guggenheim initiated coverage on shares of Guidewire Software in a research note on Thursday, July 23rd. They issued a “buy” rating and a $180.00 price target for the company. Royal Bank Of Canada dropped their price objective on shares of Guidewire Software from $250.00 to $215.00 and set an “outperform” rating on the stock in a report on Friday, June 5th. Stifel Nicolaus cut their price objective on shares of Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, June 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $221.64.

Guidewire Software Stock Up 0.5%

Shares of NYSE GWRE opened at $182.11 on Friday. The stock has a market capitalization of $15.16 billion, a P/E ratio of 98.44 and a beta of 0.92. The company has a 50-day moving average price of $143.28 and a 200-day moving average price of $141.54. Guidewire Software, Inc. has a 1 year low of $102.30 and a 1 year high of $272.60. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 2.44.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The company had revenue of $372.54 million during the quarter, compared to the consensus estimate of $355.92 million. During the same period in the previous year, the firm posted $0.88 earnings per share. The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. On average, equities research analysts forecast that Guidewire Software, Inc. will post 1.83 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider James Winston King sold 1,684 shares of the firm’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $130.64, for a total value of $219,997.76. Following the transaction, the insider owned 30,018 shares in the company, valued at $3,921,551.52. This trade represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael George Rosenbaum sold 1,200 shares of Guidewire Software stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $172.88, for a total value of $207,456.00. Following the transaction, the chief executive officer directly owned 188,976 shares in the company, valued at approximately $32,670,170.88. The trade was a 0.63% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 44,593 shares of company stock valued at $6,572,106. Company insiders own 0.46% of the company’s stock.

Guidewire Software Profile

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.