Arkadios Wealth Advisors increased its position in Guidewire Software, Inc. (NYSE:GWRE – Free Report) by 13.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,677 shares of the technology company’s stock after buying an additional 425 shares during the quarter. Arkadios Wealth Advisors’ holdings in Guidewire Software were worth $866,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. SBI Securities Co. Ltd. raised its position in Guidewire Software by 403.8% in the first quarter. SBI Securities Co. Ltd. now owns 131 shares of the technology company’s stock worth $25,000 after acquiring an additional 105 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Guidewire Software in the 1st quarter worth approximately $25,000. Quarry LP bought a new stake in shares of Guidewire Software in the 1st quarter worth approximately $28,000. Rise Advisors LLC acquired a new stake in Guidewire Software during the first quarter valued at approximately $31,000. Finally, Brooklyn Investment Group lifted its stake in Guidewire Software by 38.3% during the first quarter. Brooklyn Investment Group now owns 224 shares of the technology company’s stock valued at $42,000 after purchasing an additional 62 shares during the last quarter.
Guidewire Software Price Performance
GWRE opened at $233.69 on Monday. The stock has a fifty day moving average of $238.37 and a 200-day moving average of $227.34. The firm has a market capitalization of $19.75 billion, a P/E ratio of 292.11, a PEG ratio of 14.73 and a beta of 1.21. Guidewire Software, Inc. has a 12-month low of $165.08 and a 12-month high of $272.60. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 0.46.
Insider Buying and Selling
In related news, insider James Winston King sold 7,162 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $248.82, for a total transaction of $1,782,048.84. Following the transaction, the insider directly owned 38,615 shares of the company’s stock, valued at approximately $9,608,184.30. The trade was a 15.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO David Franklin Peterson sold 1,811 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $242.87, for a total transaction of $439,837.57. Following the completion of the sale, the chief accounting officer owned 14,164 shares of the company’s stock, valued at approximately $3,440,010.68. The trade was a 11.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 109,343 shares of company stock worth $26,365,845 over the last ninety days. 0.48% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several research analysts have issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of Guidewire Software from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, September 5th. Wall Street Zen cut Guidewire Software from a “buy” rating to a “hold” rating in a report on Friday, September 5th. DA Davidson boosted their target price on Guidewire Software from $246.00 to $250.00 and gave the stock a “neutral” rating in a research report on Monday, September 8th. Stifel Nicolaus increased their price target on Guidewire Software from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Finally, Wells Fargo & Company lifted their price target on Guidewire Software from $265.00 to $275.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Nine analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $274.08.
Read Our Latest Stock Analysis on GWRE
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.
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