Forum Financial Management LP Acquires New Holdings in Guidewire Software, Inc. (NYSE:GWRE)

Forum Financial Management LP bought a new stake in Guidewire Software, Inc. (NYSE:GWRE) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,106 shares of the technology company’s stock, valued at approximately $202,000.

Several other large investors have also recently bought and sold shares of GWRE. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Guidewire Software by 21.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 345 shares of the technology company’s stock worth $63,000 after acquiring an additional 60 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Guidewire Software by 4.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,050 shares of the technology company’s stock worth $283,000 after purchasing an additional 79 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in Guidewire Software by 1.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,078 shares of the technology company’s stock valued at $1,252,000 after purchasing an additional 116 shares in the last quarter. CHICAGO TRUST Co NA increased its position in shares of Guidewire Software by 4.8% during the 2nd quarter. CHICAGO TRUST Co NA now owns 2,845 shares of the technology company’s stock valued at $392,000 after purchasing an additional 130 shares during the period. Finally, Legacy Advisors LLC raised its stake in shares of Guidewire Software by 1.6% in the 2nd quarter. Legacy Advisors LLC now owns 8,329 shares of the technology company’s stock worth $1,148,000 after buying an additional 135 shares in the last quarter.

Insider Buying and Selling

In other Guidewire Software news, insider John P. Mullen sold 1,350 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $149.03, for a total value of $201,190.50. Following the transaction, the insider now directly owns 137,821 shares of the company’s stock, valued at $20,539,463.63. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider James Winston King sold 4,514 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $172.66, for a total value of $779,387.24. Following the completion of the sale, the insider now directly owns 48,237 shares in the company, valued at approximately $8,328,600.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John P. Mullen sold 1,350 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $149.03, for a total value of $201,190.50. Following the transaction, the insider now owns 137,821 shares in the company, valued at approximately $20,539,463.63. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,601 shares of company stock worth $9,050,448. Corporate insiders own 0.38% of the company’s stock.

Guidewire Software Price Performance

Shares of GWRE opened at $186.21 on Wednesday. The business’s 50-day moving average is $176.14 and its 200-day moving average is $147.87. The company has a market capitalization of $15.55 billion, a price-to-earnings ratio of -2,327.33, a P/E/G ratio of 48.13 and a beta of 1.18. Guidewire Software, Inc. has a fifty-two week low of $89.08 and a fifty-two week high of $191.48.

Guidewire Software (NYSE:GWRE) last released 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. Guidewire Software had a negative net margin of 0.62% and a negative return on equity of 1.29%. The company had revenue of $291.50 million during the quarter, compared to the consensus estimate of $283.84 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The company’s revenue was up 8.0% compared to the same quarter last year. Equities research analysts expect that Guidewire Software, Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GWRE has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a report on Friday, October 11th. Royal Bank of Canada lifted their price objective on shares of Guidewire Software from $180.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, October 11th. Robert W. Baird increased their target price on shares of Guidewire Software from $175.00 to $204.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. BTIG Research lifted their price target on shares of Guidewire Software from $140.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Wells Fargo & Company upped their price target on Guidewire Software from $200.00 to $205.00 and gave the company an “overweight” rating in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Guidewire Software has a consensus rating of “Moderate Buy” and an average price target of $178.62.

Guidewire Software Profile

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.