True Wealth Design LLC Buys New Shares in Guidewire Software, Inc. (NYSE:GWRE)

True Wealth Design LLC purchased a new position in shares of Guidewire Software, Inc. (NYSE:GWRE) in the 3rd quarter, Holdings Channel reports. The firm purchased 592 shares of the technology company’s stock, valued at approximately $108,000.

Other large investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its position in Guidewire Software by 24.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after purchasing an additional 679,558 shares during the period. International Assets Investment Management LLC boosted its position in shares of Guidewire Software by 18,001.5% in the third quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock worth $472,220,000 after buying an additional 256,702 shares during the period. Teca Partners LP acquired a new stake in shares of Guidewire Software in the second quarter valued at about $25,893,000. Linonia Partnership LP raised its holdings in shares of Guidewire Software by 8.4% during the 2nd quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock valued at $330,329,000 after buying an additional 185,077 shares during the period. Finally, Great Lakes Advisors LLC acquired a new position in Guidewire Software during the 2nd quarter worth approximately $22,318,000.

Insider Activity at Guidewire Software

In other news, insider John P. Mullen sold 6,718 shares of Guidewire Software stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $1,156,570.88. Following the transaction, the insider now directly owns 160,099 shares in the company, valued at approximately $27,562,643.84. This trade represents a 4.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James Winston King sold 4,514 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $172.66, for a total value of $779,387.24. Following the completion of the sale, the insider now owns 48,237 shares of the company’s stock, valued at approximately $8,328,600.42. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,601 shares of company stock worth $9,116,179 in the last 90 days. Corporate insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on GWRE shares. BTIG Research lifted their price objective on shares of Guidewire Software from $140.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Robert W. Baird lifted their price target on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Wells Fargo & Company upped their price objective on shares of Guidewire Software from $205.00 to $215.00 and gave the company an “overweight” rating in a research report on Tuesday, November 19th. JMP Securities boosted their price target on Guidewire Software from $200.00 to $231.00 and gave the stock a “market outperform” rating in a research note on Monday, November 25th. Finally, JPMorgan Chase & Co. raised their price objective on Guidewire Software from $170.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.08.

Guidewire Software Price Performance

Shares of NYSE GWRE opened at $202.89 on Friday. The firm’s 50-day moving average price is $189.29 and its two-hundred day moving average price is $157.89. Guidewire Software, Inc. has a 52-week low of $95.02 and a 52-week high of $207.10.

Guidewire Software (NYSE:GWRE) last released its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.08. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The business had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $283.84 million. During the same quarter last year, the company earned $0.30 EPS. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, analysts predict that Guidewire Software, Inc. will post 0.53 EPS for the current year.

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.