Edmond DE Rothschild Holding S.A. Makes New Investment in Guidewire Software, Inc. $GWRE

Edmond DE Rothschild Holding S.A. bought a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 206,923 shares of the technology company’s stock, valued at approximately $25,462,000. Edmond DE Rothschild Holding S.A. owned about 0.25% of Guidewire Software at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. purchased a new stake in shares of Guidewire Software in the first quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Guidewire Software in the 3rd quarter worth approximately $29,000. Leonteq Securities AG purchased a new position in shares of Guidewire Software during the first quarter worth $36,000. Bogart Wealth LLC boosted its holdings in Guidewire Software by 127.8% during the 1st quarter. Bogart Wealth LLC now owns 246 shares of the technology company’s stock valued at $37,000 after acquiring an additional 138 shares during the period. Finally, Harbour Investments Inc. grew its holdings in shares of Guidewire Software by 83.0% in the fourth quarter. Harbour Investments Inc. now owns 247 shares of the technology company’s stock valued at $50,000 after purchasing an additional 112 shares in the last quarter.

Analyst Ratings Changes

GWRE has been the topic of a number of research reports. Zacks Research lowered shares of Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings restated a “hold (c)” rating on shares of Guidewire Software in a research note on Wednesday, June 3rd. Stifel Nicolaus cut their price objective on Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, June 5th. Wells Fargo & Company reduced their price objective on Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a research note on Friday, June 5th. Finally, JPMorgan Chase & Co. decreased their target price on Guidewire Software from $300.00 to $258.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Guidewire Software presently has an average rating of “Moderate Buy” and an average price target of $221.64.

Insiders Place Their Bets

In other Guidewire Software news, insider James Winston King sold 1,684 shares of Guidewire Software stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $130.64, for a total transaction of $219,997.76. Following the completion of the sale, the insider directly owned 30,018 shares of the company’s stock, valued at $3,921,551.52. The trade was a 5.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeffrey Elliott Cooper sold 2,594 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $118.74, for a total value of $308,011.56. Following the transaction, the chief financial officer directly owned 63,467 shares of the company’s stock, valued at approximately $7,536,071.58. This represents a 3.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 30,193 shares of company stock worth $3,908,106. 0.46% of the stock is owned by corporate insiders.

Guidewire Software Trading Up 2.0%

NYSE GWRE opened at $181.31 on Thursday. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. Guidewire Software, Inc. has a 52 week low of $102.30 and a 52 week high of $272.60. The stock has a market capitalization of $15.10 billion, a PE ratio of 98.01 and a beta of 0.92. The firm has a 50 day moving average of $142.01 and a two-hundred day moving average of $141.24.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings data on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. The business had revenue of $372.54 million for the quarter, compared to analyst estimates of $355.92 million. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The company’s revenue was up 26.9% on a year-over-year basis. During the same period last year, the business earned $0.88 EPS. As a group, research analysts expect that Guidewire Software, Inc. will post 1.83 EPS for the current fiscal year.

About Guidewire Software

Guidewire Software, Inc develops software products and cloud services for property and casualty (P&C) insurance carriers. Headquartered in San Mateo, California, the company’s offerings are designed to help insurers manage the core functions of their business—policy administration, billing and claims—while supporting digital engagement, analytics and operational modernization.

Guidewire’s core product portfolio is commonly known as the InsuranceSuite, which includes PolicyCenter for policy administration, BillingCenter for billing and receivables, and ClaimCenter for claims management.