Arcadia Investment Management Corp MI Takes $75,000 Position in Guidewire Software, Inc. (NYSE:GWRE)

Arcadia Investment Management Corp MI purchased a new stake in shares of Guidewire Software, Inc. (NYSE:GWRE) during the fourth quarter, HoldingsChannel reports. The fund purchased 442 shares of the technology company’s stock, valued at approximately $75,000.

Other hedge funds have also recently made changes to their positions in the company. Creative Planning lifted its position in shares of Guidewire Software by 16.0% in the third quarter. Creative Planning now owns 15,331 shares of the technology company’s stock worth $2,805,000 after buying an additional 2,120 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Guidewire Software by 18,001.5% in the 3rd quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company’s stock worth $472,220,000 after buying an additional 256,702 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Guidewire Software by 370.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 150,328 shares of the technology company’s stock worth $27,501,000 after buying an additional 118,369 shares during the last quarter. Element Wealth LLC bought a new position in shares of Guidewire Software in the 3rd quarter valued at about $237,000. Finally, Highland Capital Management LLC purchased a new position in Guidewire Software in the third quarter worth about $1,552,000.

Guidewire Software Price Performance

Shares of GWRE stock opened at $203.83 on Friday. The stock’s 50-day moving average is $190.36 and its 200 day moving average is $181.13. Guidewire Software, Inc. has a 1-year low of $107.00 and a 1-year high of $219.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.66 and a quick ratio of 2.66. The company has a market cap of $17.02 billion, a P/E ratio of 566.19, a PEG ratio of 37.83 and a beta of 1.25.

Analyst Ratings Changes

Several research firms have recently issued reports on GWRE. Wells Fargo & Company raised their price objective on Guidewire Software from $215.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. The Goldman Sachs Group raised their price target on Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. raised their target price on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Royal Bank of Canada upped their price target on shares of Guidewire Software from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Finally, JMP Securities restated a “market outperform” rating and set a $231.00 target price on shares of Guidewire Software in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Guidewire Software has an average rating of “Moderate Buy” and a consensus price target of $204.50.

Insider Buying and Selling

In other Guidewire Software news, CEO Michael George Rosenbaum sold 5,932 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total transaction of $1,014,727.92. Following the sale, the chief executive officer now owns 281,730 shares of the company’s stock, valued at approximately $48,192,733.80. The trade was a 2.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President John P. Mullen sold 7,165 shares of the firm’s stock in a transaction 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 directly owns 182,096 shares of the company’s stock, valued at approximately $31,149,341.76. This represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,556 shares of company stock worth $6,820,145 in the last 90 days. 0.48% of the stock is owned by corporate insiders.

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.