Y Intercept Hong Kong Ltd acquired a new stake in Guidewire Software, Inc. (NYSE:GWRE – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,462 shares of the technology company’s stock, valued at approximately $3,618,000.
Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new position in Guidewire Software in the fourth quarter valued at approximately $25,000. Assetmark Inc. lifted its holdings in Guidewire Software by 537.0% in the third quarter. Assetmark Inc. now owns 172 shares of the technology company’s stock valued at $31,000 after acquiring an additional 145 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Guidewire Software in the third quarter valued at approximately $33,000. Brooklyn Investment Group acquired a new position in Guidewire Software in the third quarter valued at approximately $42,000. Finally, R Squared Ltd acquired a new position in Guidewire Software in the fourth quarter valued at approximately $47,000.
Analyst Ratings Changes
A number of research analysts recently commented on GWRE shares. JPMorgan Chase & Co. upped their price objective on Guidewire Software from $210.00 to $228.00 and gave the company an “overweight” rating in a report on Friday, December 6th. The Goldman Sachs Group upped their price target on Guidewire Software from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Stifel Nicolaus upped their price target on Guidewire Software from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Robert W. Baird upped their price target on Guidewire Software from $204.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Finally, Royal Bank of Canada upped their price target on Guidewire Software from $215.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Guidewire Software has a consensus rating of “Moderate Buy” and a consensus target price of $204.50.
Guidewire Software Stock Down 2.9 %
Guidewire Software stock opened at $203.83 on Monday. Guidewire Software, Inc. has a twelve month low of $107.00 and a twelve month high of $219.59. The stock’s fifty day simple moving average is $190.36 and its 200-day simple moving average is $181.70. 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 firm has a market capitalization of $17.02 billion, a P/E ratio of 566.19, a P/E/G ratio of 37.21 and a beta of 1.25.
Insider Transactions at Guidewire Software
In related news, President John P. Mullen sold 7,165 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $1,225,644.90. Following the transaction, the president now owns 182,096 shares of the company’s stock, valued at $31,149,341.76. This represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael George Rosenbaum sold 5,932 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $1,014,727.92. Following the completion of the transaction, the chief executive officer now directly owns 281,730 shares in the company, valued at $48,192,733.80. This trade represents a 2.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,556 shares of company stock valued at $6,820,145. 0.48% of the stock is currently owned by company insiders.
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.
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