Navellier & Associates Inc. Makes New $4.82 Million Investment in Guidewire Software, Inc. (NYSE:GWRE)

Navellier & Associates Inc. purchased a new stake in Guidewire Software, Inc. (NYSE:GWRE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 26,331 shares of the technology company’s stock, valued at approximately $4,817,000.

Other institutional investors have also recently modified their holdings of the company. Rothschild Investment LLC purchased a new position in Guidewire Software in the second quarter valued at about $31,000. Assetmark Inc. increased its stake in Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after purchasing an additional 145 shares in the last quarter. Lynx Investment Advisory purchased a new position in Guidewire Software in the 2nd quarter valued at approximately $41,000. DT Investment Partners LLC acquired a new position in Guidewire Software during the second quarter worth $41,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Guidewire Software during the second quarter worth $55,000.

Insider Activity at Guidewire Software

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total transaction of $266,922.00. Following the completion of the sale, the president now owns 189,261 shares of the company’s stock, valued at approximately $37,420,684.92. The trade was a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Winston King sold 4,514 shares of the firm’s stock in a transaction dated 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 owns 48,237 shares in the company, valued at approximately $8,328,600.42. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,601 shares of company stock worth $9,116,179. 0.48% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GWRE. Oppenheimer raised their price target on Guidewire Software from $200.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday. Needham & Company LLC restated a “hold” rating on shares of Guidewire Software in a report on Friday, October 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $215.00 price target on shares of Guidewire Software in a report on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, October 3rd. Finally, Wells Fargo & Company upped their target price on Guidewire Software from $205.00 to $215.00 and gave the company an “overweight” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $183.69.

Guidewire Software Price Performance

Shares of Guidewire Software stock opened at $196.45 on Thursday. Guidewire Software, Inc. has a fifty-two week low of $95.02 and a fifty-two week high of $199.33. The business’s fifty day moving average is $185.13 and its two-hundred day moving average is $153.97.

Guidewire Software (NYSE:GWRE) last released its earnings results on Thursday, September 5th. The technology company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.08. The firm had revenue of $291.50 million for the quarter, compared to the consensus estimate of $283.84 million. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 earnings per share. As a group, equities analysts expect that Guidewire Software, Inc. will post 0.53 EPS for the current year.

Guidewire Software Profile

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.