International Assets Investment Management LLC Buys New Holdings in Guidewire Software, Inc. (NYSE:GWRE)

International Assets Investment Management LLC purchased a new position in Guidewire Software, Inc. (NYSE:GWRE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 158,108 shares of the technology company’s stock, valued at approximately $17,240,000. International Assets Investment Management LLC owned 0.19% of Guidewire Software at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Xponance Inc. raised its holdings in Guidewire Software by 15.5% during the 3rd quarter. Xponance Inc. now owns 3,248 shares of the technology company’s stock valued at $292,000 after buying an additional 435 shares during the last quarter. Brown Advisory Inc. raised its stake in shares of Guidewire Software by 2,902.6% during the third quarter. Brown Advisory Inc. now owns 475,820 shares of the technology company’s stock valued at $42,824,000 after acquiring an additional 459,973 shares during the last quarter. Rovin Capital UT ADV purchased a new stake in shares of Guidewire Software during the third quarter worth about $261,000. Concord Wealth Partners bought a new stake in shares of Guidewire Software in the third quarter worth about $98,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Guidewire Software by 19.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,566 shares of the technology company’s stock valued at $1,401,000 after purchasing an additional 2,538 shares during the period.

Guidewire Software Price Performance

Shares of NYSE GWRE opened at $113.32 on Friday. The company has a 50 day simple moving average of $114.15 and a two-hundred day simple moving average of $107.51. Guidewire Software, Inc. has a fifty-two week low of $68.45 and a fifty-two week high of $122.35. The company has a market capitalization of $9.33 billion, a price-to-earnings ratio of -182.77 and a beta of 1.14. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.45 and a current ratio of 3.45.

Guidewire Software (NYSE:GWRE) last posted its quarterly earnings data on Thursday, March 7th. The technology company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.22. Guidewire Software had a negative return on equity of 3.60% and a negative net margin of 5.48%. The company had revenue of $240.90 million during the quarter, compared to analyst estimates of $240.93 million. Analysts expect that Guidewire Software, Inc. will post -0.42 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Robert W. Baird increased their price objective on Guidewire Software from $131.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. DA Davidson reiterated a “buy” rating and issued a $126.00 price target on shares of Guidewire Software in a report on Tuesday, March 5th. Raymond James began coverage on shares of Guidewire Software in a research report on Thursday, February 1st. They set an “outperform” rating and a $125.00 price objective on the stock. Finally, Oppenheimer raised their target price on shares of Guidewire Software from $115.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Guidewire Software has an average rating of “Moderate Buy” and a consensus price target of $115.11.

Insider Activity

In related news, insider John P. Mullen sold 3,665 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total value of $409,563.75. Following the transaction, the insider now owns 149,397 shares in the company, valued at approximately $16,695,114.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider John P. Mullen sold 1,350 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $111.35, for a total value of $150,322.50. Following the completion of the transaction, the insider now owns 148,047 shares in the company, valued at $16,485,033.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John P. Mullen sold 3,665 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $111.75, for a total value of $409,563.75. Following the transaction, the insider now directly owns 149,397 shares in the company, valued at $16,695,114.75. The disclosure for this sale can be found here. Insiders sold 9,435 shares of company stock worth $1,053,821 over the last three months. 0.38% of the stock is currently owned by corporate 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.