OneDigital Investment Advisors LLC Makes New $543,000 Investment in Guidewire Software, Inc. $GWRE

OneDigital Investment Advisors LLC purchased a new stake in Guidewire Software, Inc. (NYSE:GWRE) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,414 shares of the technology company’s stock, valued at approximately $543,000.

Other hedge funds have also modified their holdings of the company. American Trust increased its position in Guidewire Software by 3.9% during the third quarter. American Trust now owns 1,632 shares of the technology company’s stock worth $375,000 after purchasing an additional 61 shares during the last quarter. Vident Advisory LLC increased its holdings in shares of Guidewire Software by 1.7% during the 3rd quarter. Vident Advisory LLC now owns 4,074 shares of the technology company’s stock worth $936,000 after buying an additional 70 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Guidewire Software by 18.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 505 shares of the technology company’s stock worth $102,000 after buying an additional 78 shares during the period. Castleark Management LLC raised its position in shares of Guidewire Software by 1.6% in the 1st quarter. Castleark Management LLC now owns 5,180 shares of the technology company’s stock worth $775,000 after buying an additional 80 shares during the period. Finally, Cassaday & Co Wealth Management LLC boosted its holdings in Guidewire Software by 9.9% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 1,085 shares of the technology company’s stock valued at $218,000 after acquiring an additional 98 shares during the last quarter.

Analyst Ratings Changes

GWRE has been the subject of a number of research reports. Piper Sandler began coverage on Guidewire Software in a research report on Monday, August 10th. They set an “overweight” rating and a $210.00 price target for the company. The Goldman Sachs Group cut 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. Royal Bank Of Canada reduced their price objective on Guidewire Software from $250.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday, June 5th. Zacks Research cut Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Finally, DA Davidson dropped their target price on shares of Guidewire Software from $246.00 to $222.00 and set a “buy” rating for the company in a research report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Guidewire Software currently has an average rating of “Moderate Buy” and a consensus target price of $221.64.

Insider Buying and Selling

In related news, insider James Winston King sold 1,684 shares of the firm’s 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 sale, the insider directly owned 30,018 shares in the company, valued at approximately $3,921,551.52. This trade represents a 5.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President John P. Mullen sold 4,292 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was 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. This trade represents a 3.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 30,193 shares of company stock valued at $3,908,106. Corporate insiders own 0.46% of the company’s stock.

Guidewire Software Stock Up 3.5%

Shares of Guidewire Software stock opened at $177.98 on Wednesday. Guidewire Software, Inc. has a twelve month low of $102.30 and a twelve month high of $272.60. The stock has a market cap of $14.82 billion, a price-to-earnings ratio of 96.20 and a beta of 0.92. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average price of $140.72 and a 200 day moving average price of $141.00.

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

Guidewire Software 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.