B. Metzler seel. Sohn & Co. Holding AG Invests $3.76 Million in Guidewire Software, Inc. (NYSE:GWRE)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Guidewire Software, Inc. (NYSE:GWRE) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 20,551 shares of the technology company’s stock, valued at approximately $3,760,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Guidewire Software by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 8,134,952 shares of the technology company’s stock worth $949,430,000 after buying an additional 67,439 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Guidewire Software by 23.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,747,349 shares of the technology company’s stock worth $378,832,000 after acquiring an additional 516,942 shares during the period. Linonia Partnership LP lifted its holdings in Guidewire Software by 8.4% in the second quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company’s stock worth $330,329,000 after acquiring an additional 185,077 shares during the last quarter. Whale Rock Capital Management LLC boosted its stake in Guidewire Software by 23.4% in the first quarter. Whale Rock Capital Management LLC now owns 1,270,870 shares of the technology company’s stock valued at $148,323,000 after acquiring an additional 240,622 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Guidewire Software by 1.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 630,335 shares of the technology company’s stock valued at $73,566,000 after purchasing an additional 8,995 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Stifel Nicolaus raised their price target on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday. Oppenheimer boosted their price target on shares of Guidewire Software from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday. Needham & Company LLC reaffirmed a “hold” rating on shares of Guidewire Software in a report on Friday, October 11th. JPMorgan Chase & Co. lifted their price objective on shares of Guidewire Software from $170.00 to $210.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. Finally, Robert W. Baird upped their target price on shares of Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Guidewire Software has a consensus rating of “Moderate Buy” and an average target price of $183.69.

Insider Buying and Selling

In other Guidewire Software news, President John P. Mullen sold 1,350 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total value of $266,922.00. Following the transaction, the president now owns 189,261 shares of the company’s stock, valued at approximately $37,420,684.92. This represents a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James Winston King sold 4,514 shares of the 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 sale, the insider now owns 48,237 shares of the company’s stock, valued at $8,328,600.42. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,601 shares of company stock worth $9,116,179 in the last ninety days. 0.48% of the stock is currently owned by corporate insiders.

Guidewire Software Stock Performance

Shares of NYSE GWRE opened at $197.23 on Thursday. Guidewire Software, Inc. has a 1 year low of $95.02 and a 1 year high of $199.33. The stock has a fifty day moving average price of $185.13 and a two-hundred day moving average price of $153.97. The firm has a market cap of $16.47 billion, a P/E ratio of -2,465.38, a PEG ratio of 49.72 and a beta of 1.18.

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 return on equity of 1.29% and a negative net margin of 0.62%. The firm had revenue of $291.50 million for the quarter, compared to analyst estimates of $283.84 million. During the same period in the previous year, the company earned $0.30 earnings per share. Guidewire Software’s revenue was up 8.0% compared to the same quarter last year. On average, research analysts predict that Guidewire Software, Inc. will post 0.53 earnings per share for the current fiscal year.

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.