3,696 Shares in Guidewire Software, Inc. $GWRE Acquired by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in Guidewire Software, Inc. (NYSE:GWRE) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,696 shares of the technology company’s stock, valued at approximately $553,000.

Several other institutional investors have also added to or reduced their stakes in the business. Comerica Bank increased its holdings in Guidewire Software by 52.0% in the 4th quarter. Comerica Bank now owns 78,659 shares of the technology company’s stock worth $15,811,000 after buying an additional 26,912 shares in the last quarter. BDF Gestion bought a new position in Guidewire Software during the 4th quarter valued at about $1,803,000. Stephens Investment Management Group LLC lifted its stake in Guidewire Software by 3.0% during the 1st quarter. Stephens Investment Management Group LLC now owns 524,818 shares of the technology company’s stock valued at $78,492,000 after acquiring an additional 15,260 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Guidewire Software by 8.9% during the 4th quarter. Geode Capital Management LLC now owns 1,778,201 shares of the technology company’s stock valued at $357,504,000 after acquiring an additional 145,924 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Guidewire Software by 49.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 225,389 shares of the technology company’s stock valued at $45,305,000 after acquiring an additional 74,432 shares during the last quarter.

Insider Buying and Selling

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 stock was sold at an average price of $118.74, for a total transaction of $509,632.08. Following the completion of the sale, the president owned 131,115 shares of the company’s stock, valued at approximately $15,568,595.10. The trade was a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider James Winston King sold 1,684 shares of the company’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $130.64, for a total value of $219,997.76. Following the completion of the sale, the insider owned 30,018 shares of the company’s stock, valued at approximately $3,921,551.52. The trade was a 5.31% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 31,393 shares of company stock valued at $3,960,558 over the last three months. 0.46% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on GWRE. Wells Fargo & Company lowered their price objective on shares of Guidewire Software from $210.00 to $190.00 and set an “overweight” rating on the stock in a research report on Friday, June 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Guidewire Software in a research note on Wednesday, June 3rd. Zacks Research cut Guidewire Software from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. DA Davidson dropped their price target on Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a research note on Monday, June 8th. Finally, JPMorgan Chase & Co. cut their price objective on Guidewire Software from $300.00 to $258.00 and set an “overweight” rating for the company in a report on Tuesday. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Guidewire Software has a consensus rating of “Moderate Buy” and an average target price of $224.42.

Guidewire Software Stock Up 0.7%

Shares of GWRE stock opened at $149.93 on Friday. Guidewire Software, Inc. has a 12 month low of $102.30 and a 12 month high of $272.60. The stock has a market cap of $12.48 billion, a P/E ratio of 81.04 and a beta of 0.95. 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 50 day simple moving average of $131.86 and a two-hundred day simple moving average of $143.78.

Guidewire Software (NYSE:GWRE) last issued its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, topping 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 business had revenue of $372.54 million for the quarter, compared to analysts’ expectations of $355.92 million. During the same quarter last year, the company posted $0.88 EPS. The company’s revenue was up 26.9% compared to the same quarter last year. On average, research analysts expect that Guidewire Software, Inc. will post 1.83 earnings per share for the current 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.