Raymond James Trust N.A. Grows Position in Guidewire Software, Inc. (NYSE:GWRE)

Raymond James Trust N.A. lifted its position in shares of Guidewire Software, Inc. (NYSE:GWRE) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,289 shares of the technology company’s stock after purchasing an additional 171 shares during the quarter. Raymond James Trust N.A.’s holdings in Guidewire Software were worth $2,980,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Navellier & Associates Inc. acquired a new position in Guidewire Software in the 3rd quarter worth about $4,817,000. Massachusetts Financial Services Co. MA raised its stake in shares of Guidewire Software by 24.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company’s stock worth $626,918,000 after buying an additional 679,558 shares during the period. Makena Capital Management LLC lifted its position in shares of Guidewire Software by 62.0% during the 3rd quarter. Makena Capital Management LLC now owns 89,967 shares of the technology company’s stock valued at $16,459,000 after buying an additional 34,422 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Guidewire Software by 116.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,333 shares of the technology company’s stock valued at $20,550,000 after buying an additional 60,524 shares in the last quarter. Finally, Segall Bryant & Hamill LLC grew its stake in Guidewire Software by 2.0% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 126,133 shares of the technology company’s stock valued at $23,075,000 after acquiring an additional 2,418 shares during the period.

Guidewire Software Trading Up 1.5 %

GWRE opened at $202.77 on Friday. Guidewire Software, Inc. has a one year low of $95.02 and a one year high of $202.99. The business’s 50 day moving average price is $185.74 and its 200 day moving average price is $154.29.

Guidewire Software (NYSE:GWRE) last posted its earnings results on Thursday, September 5th. The technology company reported $0.62 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $283.84 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. Guidewire Software’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, analysts predict that Guidewire Software, Inc. will post 0.53 earnings per share for the current year.

Insider Buying and Selling at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 23,379 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $172.16, for a total value of $4,024,928.64. Following the completion of the transaction, the chief executive officer now owns 287,662 shares in the company, valued at $49,523,889.92. The trade was a 7.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President John P. Mullen sold 1,350 shares of the business’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 directly owns 189,261 shares of the company’s stock, valued at $37,420,684.92. The trade was a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 52,601 shares of company stock valued at $9,116,179 over the last quarter. 0.48% of the stock is owned by company insiders.

Analysts Set New Price Targets

GWRE has been the subject of a number of research reports. Oppenheimer boosted their target price on shares of Guidewire Software from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday. Citigroup boosted their price objective on Guidewire Software from $123.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $215.00 price target on shares of Guidewire Software in a research note on Tuesday. JMP Securities boosted their price target on Guidewire Software from $179.00 to $200.00 and gave the stock a “market outperform” rating in a research report on Friday, October 11th. Finally, DA Davidson restated a “buy” rating and issued a $168.00 price objective on shares of Guidewire Software in a report on Friday, September 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $183.69.

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.