Guidewire Software, Inc. $GWRE Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its holdings in shares of Guidewire Software, Inc. (NYSE:GWRE) by 59.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,709 shares of the technology company’s stock after purchasing an additional 5,104 shares during the period. Rockefeller Capital Management L.P.’s holdings in Guidewire Software were worth $2,756,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. purchased a new position in shares of Guidewire Software during the 1st quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Guidewire Software in the 3rd quarter valued at $29,000. Flagship Harbor Advisors LLC purchased a new stake in Guidewire Software in the 4th quarter worth $36,000. Harbour Investments Inc. increased its holdings in Guidewire Software by 83.0% in the 4th quarter. Harbour Investments Inc. now owns 247 shares of the technology company’s stock worth $50,000 after acquiring an additional 112 shares in the last quarter. Finally, Clearstead Advisors LLC raised its position in Guidewire Software by 82.4% during the third quarter. Clearstead Advisors LLC now owns 270 shares of the technology company’s stock worth $62,000 after acquiring an additional 122 shares during the period.

Insiders Place Their Bets

In other Guidewire Software news, President John P. Mullen sold 4,292 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $118.74, for a total value of $509,632.08. Following the transaction, the president directly owned 131,115 shares in the company, valued at $15,568,595.10. The trade was a 3.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Jeffrey Elliott Cooper sold 2,594 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $118.74, for a total transaction of $308,011.56. Following the completion of the transaction, the chief financial officer owned 63,467 shares in the company, valued at $7,536,071.58. The trade was a 3.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 29,709 shares of company stock valued at $3,740,332 over the last ninety days. Company insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. DA Davidson decreased their price objective on shares of Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a report on Monday, June 8th. Citizens Jmp cut their target price on shares of Guidewire Software from $300.00 to $220.00 and set a “market outperform” rating for the company in a research note on Friday, June 5th. Royal Bank Of Canada reduced their price target on shares of Guidewire Software from $250.00 to $215.00 and set an “outperform” rating for the company in a research report on Friday, June 5th. Stifel Nicolaus decreased their price target on shares of Guidewire Software from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, June 5th. Finally, The Goldman Sachs Group lowered their price objective on Guidewire Software from $255.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, June 5th. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $221.36.

Guidewire Software Stock Down 0.3%

Shares of GWRE opened at $121.10 on Monday. Guidewire Software, Inc. has a 52-week low of $102.30 and a 52-week high of $272.60. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.51. The stock has a fifty day simple moving average of $132.62 and a two-hundred day simple moving average of $150.25. The company has a market capitalization of $10.08 billion, a PE ratio of 65.46 and a beta of 0.93.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The firm had revenue of $372.54 million for the quarter, compared to analysts’ expectations of $355.92 million. During the same quarter in the previous year, the company posted $0.88 EPS. The company’s revenue was up 26.9% compared to the same quarter last year. As a group, equities analysts forecast that Guidewire Software, Inc. will post 1.83 EPS for the current year.

Guidewire Software Company Profile

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.