Haven Private LLC purchased a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,360 shares of the technology company's stock, valued at approximately $398,000.
Other hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new position in shares of Guidewire Software in the 4th quarter valued at $25,000. Assetmark Inc. lifted its position 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 $33,000. Cullen Frost Bankers Inc. purchased a new position in shares of Guidewire Software during the fourth quarter worth about $34,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Guidewire Software during the third quarter worth about $42,000.
Guidewire Software Stock Performance
NYSE GWRE traded down $6.64 on Monday, hitting $166.60. 1,853,898 shares of the company's stock were exchanged, compared to its average volume of 1,322,115. The firm has a market cap of $13.91 billion, a price-to-earnings ratio of 462.78, a P/E/G ratio of 37.21 and a beta of 1.31. The firm's 50-day moving average price is $194.68 and its two-hundred day moving average price is $185.09. Guidewire Software, Inc. has a fifty-two week low of $107.00 and a fifty-two week 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.
Guidewire Software (NYSE:GWRE - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.44). Guidewire Software had a return on equity of 2.38% and a net margin of 2.91%. The business had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. On average, research analysts expect that Guidewire Software, Inc. will post 0.52 EPS for the current year.
Insider Activity
In related news, President John P. Mullen sold 7,165 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 $1,225,644.90. Following the sale, the president now owns 182,096 shares in the company, valued at $31,149,341.76. This represents a 3.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael George Rosenbaum sold 5,932 shares of Guidewire Software stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $171.06, for a total value of $1,014,727.92. Following the transaction, the chief executive officer now directly owns 281,730 shares of the company's stock, valued at approximately $48,192,733.80. This represents a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,056 shares of company stock worth $8,094,892 in the last 90 days. 0.48% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. DA Davidson reissued a "buy" rating and issued a $210.00 target price on shares of Guidewire Software in a research report on Wednesday, December 4th. Needham & Company LLC reaffirmed a "hold" rating on shares of Guidewire Software in a report on Friday. JPMorgan Chase & Co. increased their price target on shares of Guidewire Software from $228.00 to $231.00 and gave the stock an "overweight" rating in a research note on Friday. The Goldman Sachs Group raised their price objective on shares of Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Finally, Oppenheimer upped their target price on shares of Guidewire Software from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, December 6th. One 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $206.08.
View Our Latest Stock Report on Guidewire Software
Guidewire Software Profile
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Free Report)
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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