Bank of Montreal Can Buys 14,970 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Bank of Montreal Can increased its stake in shares of Guidewire Software, Inc. (NYSE:GWRE) by 48.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 45,703 shares of the technology company’s stock after purchasing an additional 14,970 shares during the quarter. Bank of Montreal Can owned 0.05% of Guidewire Software worth $8,134,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its stake 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 buying an additional 679,558 shares during the last quarter. Linonia Partnership LP grew its stake in shares of Guidewire Software by 8.4% during the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock worth $330,329,000 after acquiring an additional 185,077 shares during the last quarter. Sei Investments Co. increased its stake in shares of Guidewire Software by 1.3% in the second quarter. Sei Investments Co. now owns 405,519 shares of the technology company’s stock worth $55,917,000 after acquiring an additional 5,235 shares during the period. AQR Capital Management LLC boosted its holdings in Guidewire Software by 65.7% in the second quarter. AQR Capital Management LLC now owns 291,907 shares of the technology company’s stock valued at $40,251,000 after purchasing an additional 115,757 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake 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 last quarter.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GWRE. Stifel Nicolaus increased their price objective on shares of Guidewire Software from $200.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Citigroup increased their price objective on shares of Guidewire Software from $123.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, September 9th. JPMorgan Chase & Co. boosted their target price on Guidewire Software from $170.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. DA Davidson reissued a “buy” rating and set a $168.00 price target on shares of Guidewire Software in a research report on Friday, September 6th. Finally, BTIG Research increased their target price on Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average price target of $186.08.

Insider Buying and Selling at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 23,379 shares of Guidewire Software stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 287,662 shares in the company, valued at $49,523,889.92. The trade was a 7.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John P. Mullen sold 6,718 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were 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. The trade was a 4.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,601 shares of company stock valued at $9,116,179 in the last three months. 0.48% of the stock is currently owned by company insiders.

Guidewire Software Stock Performance

GWRE opened at $200.83 on Tuesday. The company has a market capitalization of $16.77 billion, a PE ratio of -2,522.18, a P/E/G ratio of 52.48 and a beta of 1.18. The stock’s fifty day moving average is $189.29 and its 200-day moving average is $158.40. Guidewire Software, Inc. has a one year low of $95.02 and a one year high of $207.10.

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