481 Shares in Guidewire Software, Inc. (NYSE:GWRE) Acquired by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. acquired a new stake in Guidewire Software, Inc. (NYSE:GWRE) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 481 shares of the technology company’s stock, valued at approximately $88,000.

Several other large investors have also recently added to or reduced their stakes in the company. ORG Partners LLC bought a new position in Guidewire Software during the first quarter worth about $29,000. Rothschild Investment LLC bought a new stake in Guidewire Software during the second quarter worth $31,000. Lynx Investment Advisory acquired a new stake in shares of Guidewire Software in the 2nd quarter valued at $41,000. DT Investment Partners LLC acquired a new stake in shares of Guidewire Software in the 2nd quarter valued at $41,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Guidewire Software in the 2nd quarter valued at $55,000.

Insider Activity at Guidewire Software

In related news, insider John P. Mullen sold 1,350 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total value of $201,190.50. Following the completion of the sale, the insider now directly owns 137,821 shares of the company’s stock, valued at approximately $20,539,463.63. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider James Winston King sold 4,514 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $172.66, for a total value of $779,387.24. Following the completion of the transaction, the insider now directly owns 48,237 shares of the company’s stock, valued at $8,328,600.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John P. Mullen sold 1,350 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total value of $201,190.50. Following the sale, the insider now directly owns 137,821 shares of the company’s stock, valued at $20,539,463.63. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,601 shares of company stock valued at $9,050,448 over the last 90 days. Insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on GWRE. Oppenheimer reissued an “outperform” rating and issued a $200.00 target price (up previously from $185.00) on shares of Guidewire Software in a report on Friday, October 11th. Stifel Nicolaus raised their target price on shares of Guidewire Software from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Citigroup increased their price target on Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Royal Bank of Canada increased their target price on Guidewire Software from $180.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Guidewire Software in a research report on Friday, October 11th. 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $178.62.

Guidewire Software Stock Up 3.0 %

Shares of GWRE opened at $191.86 on Thursday. The stock has a market cap of $16.02 billion, a P/E ratio of -2,397.95, a P/E/G ratio of 47.99 and a beta of 1.18. The business’s fifty day moving average is $177.03 and its 200 day moving average is $148.18. Guidewire Software, Inc. has a 12-month low of $89.36 and a 12-month high of $192.36.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $283.84 million. During the same period last year, the company earned $0.30 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. On average, analysts expect 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.