3,832 Shares in Guidewire Software, Inc. $GWRE Acquired by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in Guidewire Software, Inc. (NYSE:GWRE) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 3,832 shares of the technology company’s stock, valued at approximately $472,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GWRE. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Guidewire Software during the second quarter worth $25,462,000. Diversify Advisory Services LLC acquired a new position in shares of Guidewire Software in the second quarter valued at about $563,000. M.D. Sass LLC bought a new position in Guidewire Software during the second quarter worth about $6,793,000. Meeder Advisory Services Inc. bought a new position in Guidewire Software during the second quarter worth about $288,000. Finally, Banco BTG Pactual S.A. acquired a new stake in Guidewire Software in the 2nd quarter worth about $270,000.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Wells Fargo & Company cut their price objective on shares of Guidewire Software from $210.00 to $190.00 and set an “overweight” rating for the company in a report on Friday, June 5th. JPMorgan Chase & Co. dropped their price target on shares of Guidewire Software from $300.00 to $258.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Stifel Nicolaus cut their price target on Guidewire Software from $225.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, June 5th. Piper Sandler began coverage on Guidewire Software in a research report on Monday, August 10th. They set an “overweight” rating and a $210.00 price target on the stock. Finally, Zacks Research cut Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. One investment 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 stock. According to MarketBeat, Guidewire Software has an average rating of “Moderate Buy” and a consensus price target of $221.64.

Insider Buying and Selling at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 1,200 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $187.82, for a total transaction of $225,384.00. Following the completion of the transaction, the chief executive officer directly owned 187,776 shares in the company, valued at approximately $35,268,088.32. This represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President John P. Mullen sold 14,400 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $185.00, for a total value of $2,664,000.00. Following the sale, the president directly owned 116,715 shares in the company, valued at approximately $21,592,275. This trade represents a 10.98% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 44,593 shares of company stock worth $6,631,278 over the last quarter. Corporate insiders own 0.46% of the company’s stock.

Guidewire Software Stock Performance

Guidewire Software stock opened at $191.82 on Tuesday. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. The stock has a market cap of $15.97 billion, a PE ratio of 103.69 and a beta of 0.92. Guidewire Software, Inc. has a 12-month low of $102.30 and a 12-month high of $272.60. The business’s 50-day moving average price is $146.04 and its two-hundred day moving average price is $142.33.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, June 4th. The technology company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The firm had revenue of $372.54 million during the quarter, compared to analysts’ expectations of $355.92 million. During the same quarter in the prior year, the business earned $0.88 earnings per share. The business’s revenue for the quarter was up 26.9% compared to the same quarter last year. As a group, analysts expect that Guidewire Software, Inc. will post 1.83 earnings per share for the current fiscal year.

Guidewire Software Company 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.