Northwestern Mutual Wealth Management Co. Makes New $1.56 Million Investment in Guidewire Software, Inc. $GWRE

Northwestern Mutual Wealth Management Co. purchased a new stake in Guidewire Software, Inc. (NYSE:GWRE) in the 2nd quarter, Holdings Channel reports. The firm purchased 12,689 shares of the technology company’s stock, valued at approximately $1,561,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Evolve Private Wealth LLC purchased a new position in shares of Guidewire Software during the 2nd quarter worth about $215,000. William Blair Investment Management LLC purchased a new stake in Guidewire Software in the second quarter valued at approximately $74,989,000. Landscape Capital Management L.L.C. purchased a new stake in Guidewire Software in the second quarter valued at approximately $527,000. Rakuten Securities Inc. acquired a new position in Guidewire Software during the second quarter worth approximately $49,000. Finally, Callan Family Office LLC acquired a new position in Guidewire Software during the second quarter worth approximately $386,000.

Insider Buying and Selling at Guidewire Software

In related news, President John P. Mullen sold 14,400 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $185.00, for a total transaction of $2,664,000.00. Following the completion of the sale, the president directly owned 116,715 shares of the company’s stock, valued at approximately $21,592,275. This represents a 10.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeffrey Elliott Cooper sold 2,594 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $118.74, for a total value of $308,011.56. Following the completion of the sale, the chief financial officer owned 63,467 shares of the company’s stock, valued at approximately $7,536,071.58. This represents a 3.93% 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 quarter, insiders sold 44,593 shares of company stock worth $6,631,278. 0.46% of the stock is currently owned by insiders.

Guidewire Software Trading Down 1.6%

NYSE GWRE opened at $188.77 on Wednesday. Guidewire Software, Inc. has a one year low of $102.30 and a one year high of $272.60. The company’s 50 day moving average price is $147.47 and its 200 day moving average price is $142.73. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.44 and a current ratio of 2.44. The firm has a market capitalization of $15.72 billion, a price-to-earnings ratio of 102.04 and a beta of 0.92.

Guidewire Software (NYSE:GWRE) last announced its quarterly earnings results on Thursday, June 4th. The technology company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. Guidewire Software had a net margin of 11.25% and a return on equity of 12.62%. The firm had revenue of $372.54 million for the quarter, compared to analysts’ expectations of $355.92 million. During the same period in the previous year, the company posted $0.88 earnings per share. Guidewire Software’s revenue was up 26.9% compared to the same quarter last year. On average, sell-side analysts predict that Guidewire Software, Inc. will post 1.83 EPS for the current year.

Analyst Upgrades and Downgrades

GWRE has been the topic of a number of research analyst reports. DA Davidson decreased their price target on shares of Guidewire Software from $246.00 to $222.00 and set a “buy” rating on the stock in a report on Monday, June 8th. The Goldman Sachs Group dropped their price objective on Guidewire Software from $255.00 to $225.00 and set a “buy” rating for the company in a report on Friday, June 5th. Guggenheim initiated coverage on Guidewire Software in a research report on Thursday, July 23rd. They issued a “buy” rating and a $180.00 target price on the stock. Zacks Research lowered Guidewire Software from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Oppenheimer boosted their price target on Guidewire Software from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Guidewire Software presently has a consensus rating of “Moderate Buy” and an average price target of $221.64.

Guidewire Software Company 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.