KBC Group NV Raises Stock Holdings in Guidewire Software, Inc. (NYSE:GWRE)

KBC Group NV lifted its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 15.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,087 shares of the technology company’s stock after purchasing an additional 277 shares during the quarter. KBC Group NV’s holdings in Guidewire Software were worth $382,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of GWRE. Cetera Investment Advisers boosted its holdings in shares of Guidewire Software by 648.0% in the 1st quarter. Cetera Investment Advisers now owns 18,117 shares of the technology company’s stock worth $2,114,000 after purchasing an additional 15,695 shares during the period. Acadian Asset Management LLC boosted its stake in Guidewire Software by 91.3% during the first quarter. Acadian Asset Management LLC now owns 7,144 shares of the technology company’s stock worth $833,000 after buying an additional 3,409 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Guidewire Software by 8.0% in the second quarter. Parkside Financial Bank & Trust now owns 2,215 shares of the technology company’s stock valued at $305,000 after acquiring an additional 165 shares during the period. Xponance Inc. lifted its holdings in shares of Guidewire Software by 79.8% in the 2nd quarter. Xponance Inc. now owns 6,908 shares of the technology company’s stock worth $953,000 after acquiring an additional 3,066 shares during the last quarter. Finally, Pallas Capital Advisors LLC lifted its holdings in shares of Guidewire Software by 219.5% in the 3rd quarter. Pallas Capital Advisors LLC now owns 6,057 shares of the technology company’s stock worth $1,139,000 after acquiring an additional 4,161 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts recently weighed in on GWRE shares. Needham & Company LLC reissued a “hold” rating on shares of Guidewire Software in a research report on Friday, October 11th. DA Davidson restated a “buy” rating and set a $168.00 price objective on shares of Guidewire Software in a report on Friday, September 6th. Wells Fargo & Company increased their target price on Guidewire Software from $205.00 to $215.00 and gave the stock an “overweight” rating in a research note on Tuesday. BTIG Research boosted their target price 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. Finally, JPMorgan Chase & Co. raised their price target 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Guidewire Software has a consensus rating of “Moderate Buy” and an average target price of $183.69.

Guidewire Software Stock Up 1.2 %

Shares of GWRE stock opened at $196.35 on Wednesday. The firm has a market cap of $16.40 billion, a price-to-earnings ratio of -2,454.01, a PEG ratio of 49.72 and a beta of 1.18. Guidewire Software, Inc. has a 52-week low of $95.02 and a 52-week high of $199.33. The company’s 50 day moving average is $184.55 and its 200 day moving average is $153.67.

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

Insider Buying and Selling at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 23,379 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total transaction of $4,024,928.64. Following the transaction, the chief executive officer now directly owns 287,662 shares of the company’s stock, valued at approximately $49,523,889.92. This represents a 7.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John P. Mullen sold 6,718 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $172.16, for a total value of $1,156,570.88. Following the completion of the sale, the insider now directly owns 160,099 shares of the company’s stock, valued at $27,562,643.84. The trade was a 4.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,251 shares of company stock valued at $8,849,257. 0.48% of the stock is currently owned by insiders.

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.