Fortis Capital Advisors LLC Acquires 1,359 Shares of Guidewire Software, Inc. (NYSE:GWRE)

Fortis Capital Advisors LLC grew its stake in shares of Guidewire Software, Inc. (NYSE:GWRE - Free Report) by 21.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,720 shares of the technology company's stock after purchasing an additional 1,359 shares during the quarter. Fortis Capital Advisors LLC's holdings in Guidewire Software were worth $1,301,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Versant Capital Management Inc acquired a new position in Guidewire Software in the fourth quarter valued at approximately $25,000. Cullen Frost Bankers Inc. bought a new stake in shares of Guidewire Software during the 4th quarter worth about $34,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Guidewire Software by 101.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock valued at $34,000 after acquiring an additional 99 shares in the last quarter. R Squared Ltd acquired a new position in shares of Guidewire Software during the fourth quarter valued at approximately $47,000. Finally, Tobam bought a new stake in Guidewire Software during the fourth quarter worth approximately $52,000.

Analyst Ratings Changes

Several analysts have recently weighed in on GWRE shares. JPMorgan Chase & Co. upped their price objective on Guidewire Software from $228.00 to $231.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Robert W. Baird increased their target price on shares of Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a report on Friday, March 7th. Finally, The Goldman Sachs Group raised their price objective on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $206.08.

Insider Activity at Guidewire Software

In other Guidewire Software news, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $201.90, for a total value of $282,660.00. Following the sale, the chief executive officer now owns 277,530 shares of the company's stock, valued at approximately $56,033,307. The trade was a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President John P. Mullen sold 6,116 shares of Guidewire Software stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $189.41, for a total value of $1,158,431.56. Following the completion of the transaction, the president now owns 166,330 shares of the company's stock, valued at approximately $31,504,565.30. This trade represents a 3.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,471 shares of company stock valued at $7,272,821 over the last ninety days. 0.48% of the stock is owned by corporate insiders.

Guidewire Software Trading Up 0.2 %

Shares of GWRE stock traded up $0.41 during trading hours on Thursday, reaching $192.46. The company had a trading volume of 210,838 shares, compared to its average volume of 901,473. 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 firm has a market cap of $16.14 billion, a price-to-earnings ratio of 535.21, a P/E/G ratio of 37.21 and a beta of 1.19. The company has a 50 day moving average of $193.54 and a 200 day moving average of $189.69.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its 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). The company had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. On average, equities research analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current year.

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.