UMB Bank n.a. Has $173,000 Position in Guidewire Software, Inc. (NYSE:GWRE)

UMB Bank n.a. grew its stake in Guidewire Software, Inc. (NYSE:GWRE) by 2,986.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 926 shares of the technology company’s stock after purchasing an additional 896 shares during the period. UMB Bank n.a.’s holdings in Guidewire Software were worth $173,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Banco Santander S.A. bought a new position in Guidewire Software in the 4th quarter valued at approximately $427,000. MGO One Seven LLC acquired a new position in shares of Guidewire Software during the fourth quarter worth $222,000. Amica Mutual Insurance Co. lifted its holdings in shares of Guidewire Software by 118.8% during the fourth quarter. Amica Mutual Insurance Co. now owns 7,064 shares of the technology company’s stock worth $1,191,000 after purchasing an additional 3,835 shares during the period. Truist Financial Corp lifted its holdings in shares of Guidewire Software by 21.8% during the fourth quarter. Truist Financial Corp now owns 9,645 shares of the technology company’s stock worth $1,626,000 after purchasing an additional 1,724 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Guidewire Software by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 522,586 shares of the technology company’s stock worth $88,098,000 after purchasing an additional 4,386 shares during the period.

Insider Buying and Selling at Guidewire Software

In other news, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $256.50, for a total value of $359,100.00. Following the completion of the sale, the chief executive officer now owns 245,993 shares in the company, valued at $63,097,204.50. This represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President John P. Mullen sold 2,300 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $187.95, for a total transaction of $432,285.00. Following the completion of the sale, the president now owns 164,030 shares of the company’s stock, valued at approximately $30,829,438.50. This represents a 1.38% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,671 shares of company stock worth $5,592,148. Insiders own 0.48% of the company’s stock.

Guidewire Software Price Performance

Shares of NYSE:GWRE opened at $250.80 on Thursday. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53. Guidewire Software, Inc. has a twelve month low of $131.82 and a twelve month high of $263.20. The stock’s 50 day moving average is $208.62 and its 200-day moving average is $196.64. The firm has a market capitalization of $21.12 billion, a price-to-earnings ratio of 696.65, a PEG ratio of 37.21 and a beta of 1.15.

Guidewire Software (NYSE:GWRE) last issued its earnings results on Tuesday, June 3rd. The technology company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.41. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The company had revenue of $293.51 million for the quarter, compared to analyst estimates of $286.40 million. During the same period in the prior year, the firm earned $0.26 earnings per share. Guidewire Software’s revenue for the quarter was up 22.0% on a year-over-year basis. Sell-side analysts forecast that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. JMP Securities upped their price target on Guidewire Software from $250.00 to $281.00 and gave the company a “market outperform” rating in a research report on Wednesday, June 4th. Wells Fargo & Company increased their target price on shares of Guidewire Software from $220.00 to $265.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. The Goldman Sachs Group increased their target price on shares of Guidewire Software from $235.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. Wall Street Zen raised shares of Guidewire Software from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Finally, DA Davidson reissued a “neutral” rating and set a $226.00 target price on shares of Guidewire Software in a research note on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $247.00.

Guidewire Software Company 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.