Benjamin F. Edwards & Company Inc. Increases Stake in Guidewire Software, Inc. (NYSE:GWRE)

Benjamin F. Edwards & Company Inc. lifted its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 22.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,550 shares of the technology company’s stock after acquiring an additional 280 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Guidewire Software were worth $214,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of GWRE. Transcendent Capital Group LLC purchased a new position in shares of Guidewire Software during the 4th quarter worth about $27,000. ORG Partners LLC acquired a new stake in Guidewire Software during the 1st quarter worth approximately $29,000. Rothschild Investment LLC acquired a new stake in Guidewire Software during the 2nd quarter worth approximately $31,000. Lynx Investment Advisory acquired a new stake in Guidewire Software during the 2nd quarter worth approximately $41,000. Finally, DT Investment Partners LLC acquired a new stake in Guidewire Software during the 2nd quarter worth approximately $41,000.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GWRE. JPMorgan Chase & Co. increased their target price on shares of Guidewire Software from $133.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. BTIG Research increased their target price on shares of Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Citigroup increased their target price on shares of Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Oppenheimer increased their price objective on shares of Guidewire Software from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, September 6th. Finally, Robert W. Baird increased their price objective on shares of Guidewire Software from $152.00 to $165.00 and gave the company an “outperform” rating in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $161.69.

Guidewire Software Trading Up 0.4 %

GWRE stock opened at $176.81 on Thursday. The firm has a 50 day simple moving average of $153.20 and a 200-day simple moving average of $133.03. Guidewire Software, Inc. has a twelve month low of $85.15 and a twelve month high of $177.35. The company has a market capitalization of $14.62 billion, a P/E ratio of -1,360.08 and a beta of 1.18.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, September 5th. The technology company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.08. Guidewire Software had a negative return on equity of 1.29% and a negative net margin of 0.62%. The firm had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $283.84 million. During the same period last year, the business posted $0.30 earnings per share. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, research analysts predict that Guidewire Software, Inc. will post 0.49 EPS for the current year.

Insider Buying and Selling

In other Guidewire Software news, CEO Michael George Rosenbaum sold 23,379 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 $4,024,928.64. Following the sale, the chief executive officer now directly owns 287,662 shares in the company, valued at $49,523,889.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $139.12, for a total value of $187,812.00. Following the sale, the insider now directly owns 139,171 shares in the company, valued at $19,361,469.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael George Rosenbaum sold 23,379 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $4,024,928.64. Following the transaction, the chief executive officer now directly owns 287,662 shares in the company, valued at $49,523,889.92. The disclosure for this sale can be found here. Insiders have sold 52,601 shares of company stock worth $8,984,892 over the last ninety days. 0.38% of the stock is owned by insiders.

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.