AGF Management Ltd. Purchases Shares of 12,806 Guidewire Software, Inc. (NYSE:GWRE)

AGF Management Ltd. bought a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,806 shares of the technology company's stock, valued at approximately $2,159,000.

Several other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in shares of Guidewire Software during the 4th quarter worth about $25,000. Assetmark Inc. increased its position in shares of Guidewire Software by 537.0% during the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company's stock worth $31,000 after purchasing an additional 145 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Guidewire Software during the 3rd quarter worth approximately $33,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Guidewire Software in the 4th quarter valued at approximately $34,000. Finally, Brooklyn Investment Group bought a new position in shares of Guidewire Software in the third quarter valued at $42,000.

Insiders Place Their Bets

In related news, President John P. Mullen sold 6,116 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $189.41, for a total value of $1,158,431.56. Following the transaction, the president now owns 166,330 shares in the company, valued at approximately $31,504,565.30. This represents a 3.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider James Winston King sold 794 shares of Guidewire Software stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $174.43, for a total transaction of $138,497.42. Following the completion of the sale, the insider now owns 45,934 shares of the company's stock, valued at $8,012,267.62. This trade represents a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,986 shares of company stock worth $6,872,041. Company insiders own 0.48% of the company's stock.

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Wall Street Analyst Weigh In

GWRE has been the topic of several analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. DA Davidson reiterated a "buy" rating and set a $210.00 price target on shares of Guidewire Software in a report on Wednesday, December 4th. Stifel Nicolaus upped their price objective on Guidewire Software from $200.00 to $220.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Oppenheimer lifted their target price on Guidewire Software from $220.00 to $230.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Finally, JMP Securities reissued a "market outperform" rating and set a $231.00 target price on shares of Guidewire Software in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $206.08.

Guidewire Software Trading Up 2.7 %

GWRE stock traded up $5.20 during midday trading on Wednesday, reaching $196.55. The company's stock had a trading volume of 947,801 shares, compared to its average volume of 861,702. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.66 and a current ratio of 2.66. The firm has a market capitalization of $16.49 billion, a price-to-earnings ratio of 545.96, a PEG ratio of 37.21 and a beta of 1.31. The stock has a fifty day simple moving average of $196.12 and a two-hundred day simple moving average of $186.71. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.59.

Guidewire Software (NYSE:GWRE - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The business had revenue of $289.48 million during the quarter, compared to analysts' expectations of $285.74 million. On average, equities research analysts predict that Guidewire Software, Inc. will post 0.52 EPS for the current year.

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.