HighPoint Advisor Group LLC Takes $1.13 Million Position in Guidewire Software, Inc. (NYSE:GWRE)

HighPoint Advisor Group LLC purchased a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,671 shares of the technology company's stock, valued at approximately $1,125,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of GWRE. Versant Capital Management Inc bought a new stake in shares of Guidewire Software during the fourth quarter valued at approximately $25,000. Point72 Hong Kong Ltd bought a new stake in Guidewire Software in the 3rd quarter valued at $33,000. Cullen Frost Bankers Inc. acquired a new position in shares of Guidewire Software in the 4th quarter valued at $34,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Guidewire Software by 101.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 197 shares of the technology company's stock worth $34,000 after acquiring an additional 99 shares during the period. Finally, R Squared Ltd bought a new position in shares of Guidewire Software during the 4th quarter worth about $47,000.

Guidewire Software Price Performance

Shares of Guidewire Software stock traded down $9.82 during trading on Friday, reaching $174.35. The company's stock had a trading volume of 864,625 shares, compared to its average volume of 894,155. Guidewire Software, Inc. has a one year low of $107.00 and a one year high of $219.59. The stock has a 50-day moving average price of $198.84 and a two-hundred day moving average price of $189.19. 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 stock has a market capitalization of $14.62 billion, a P/E ratio of 484.30, a price-to-earnings-growth ratio of 37.21 and a beta of 1.19.

Guidewire Software (NYSE:GWRE - Get Free Report) last announced its earnings results on Thursday, March 6th. The technology company reported $0.08 earnings per share (EPS) 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 company had revenue of $289.48 million for the quarter, compared to analyst estimates of $285.74 million. As a group, sell-side analysts anticipate that Guidewire Software, Inc. will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling at Guidewire Software

In related news, President John P. Mullen sold 700 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $210.00, for a total value of $147,000.00. Following the transaction, the president now directly owns 177,746 shares in the company, valued at $37,326,660. This represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael George Rosenbaum sold 1,400 shares of Guidewire Software stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $174.78, for a total transaction of $244,692.00. Following the sale, the chief executive officer now directly owns 280,330 shares of the company's stock, valued at $48,996,077.40. This represents a 0.50 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,880 shares of company stock worth $7,850,222. Insiders own 0.48% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. 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 report on Friday, March 7th. The Goldman Sachs Group increased their target price on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Robert W. Baird boosted their price target on Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research note on Friday, March 7th. 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 data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $206.08.

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.