Gries Financial LLC Acquires 252 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Gries Financial LLC boosted its holdings in Guidewire Software, Inc. (NYSE:GWRE) by 20.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,511 shares of the technology company’s stock after buying an additional 252 shares during the quarter. Gries Financial LLC’s holdings in Guidewire Software were worth $255,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Robeco Institutional Asset Management B.V. boosted its holdings in Guidewire Software by 192.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 134,266 shares of the technology company’s stock worth $22,635,000 after purchasing an additional 88,304 shares during the last quarter. R Squared Ltd purchased a new position in shares of Guidewire Software in the 4th quarter worth $47,000. KBC Group NV grew its holdings in shares of Guidewire Software by 916.0% in the fourth quarter. KBC Group NV now owns 21,203 shares of the technology company’s stock worth $3,574,000 after acquiring an additional 19,116 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in Guidewire Software during the fourth quarter valued at $2,979,000. Finally, Blue Trust Inc. lifted its holdings in Guidewire Software by 254.7% in the fourth quarter. Blue Trust Inc. now owns 642 shares of the technology company’s stock valued at $117,000 after acquiring an additional 461 shares during the period.

Insider Activity

In other Guidewire Software news, President John P. Mullen sold 7,165 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total transaction of $1,225,644.90. Following the completion of the transaction, the president now owns 182,096 shares in the company, valued at $31,149,341.76. This trade represents a 3.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider James Winston King sold 1,509 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $258,129.54. Following the sale, the insider now directly owns 46,728 shares in the company, valued at $7,993,291.68. This trade represents a 3.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,706 shares of company stock worth $5,570,969 over the last quarter. Insiders own 0.48% of the company’s stock.

Guidewire Software Stock Up 1.9 %

NYSE GWRE opened at $211.37 on Friday. Guidewire Software, Inc. has a 12 month low of $107.00 and a 12 month high of $212.25. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.53. The stock has a market cap of $17.65 billion, a PE ratio of 587.13, a P/E/G ratio of 47.71 and a beta of 1.23. The stock’s 50 day moving average is $183.42 and its 200 day moving average is $173.45.

Analyst Ratings Changes

A number of equities research analysts have issued reports on GWRE shares. The Goldman Sachs Group assumed coverage on Guidewire Software in a research note on Thursday, January 23rd. They set a “buy” rating and a $210.00 price target for the company. DA Davidson reaffirmed a “buy” rating and set a $210.00 target price on shares of Guidewire Software in a report on Wednesday, December 4th. Royal Bank of Canada lifted their price target on shares of Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Stifel Nicolaus upped their price objective on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. upped their price objective on Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.08.

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.