Independent Advisor Alliance Buys Shares of 16,526 Guidewire Software, Inc. (NYSE:GWRE)

Independent Advisor Alliance purchased a new position in shares of 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 purchased 16,526 shares of the technology company's stock, valued at approximately $2,786,000.

Other hedge funds have also made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its holdings in Guidewire Software by 24.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,426,907 shares of the technology company's stock valued at $626,918,000 after purchasing an additional 679,558 shares during the period. Geode Capital Management LLC raised its position in Guidewire Software by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,330,074 shares of the technology company's stock valued at $243,580,000 after purchasing an additional 6,223 shares in the last quarter. Whale Rock Capital Management LLC boosted its stake in shares of Guidewire Software by 3.3% in the 3rd quarter. Whale Rock Capital Management LLC now owns 972,743 shares of the technology company's stock valued at $177,954,000 after buying an additional 31,512 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of Guidewire Software by 7.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 764,400 shares of the technology company's stock worth $139,839,000 after buying an additional 53,967 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Guidewire Software by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 522,586 shares of the technology company's stock worth $88,098,000 after buying an additional 4,386 shares during the period.

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Guidewire Software Stock Performance

NYSE:GWRE traded up $9.55 during mid-day trading on Friday, reaching $185.56. 831,427 shares of the stock were exchanged, compared to its average volume of 1,317,258. The stock has a market capitalization of $15.50 billion, a P/E ratio of 515.54, a P/E/G ratio of 37.21 and a beta of 1.31. Guidewire Software, Inc. has a 1 year low of $107.00 and a 1 year high of $219.59. The company has a 50 day simple moving average of $195.00 and a 200-day simple moving average of $185.29. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.53.

Guidewire Software (NYSE:GWRE - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.44). The firm had revenue of $289.48 million during the quarter, compared to analyst estimates of $285.74 million. Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. Analysts anticipate that Guidewire Software, Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GWRE. Robert W. Baird lifted their price target on shares of Guidewire Software from $230.00 to $236.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. JMP Securities reaffirmed a "market outperform" rating and set a $231.00 price objective on shares of Guidewire Software in a research report on Friday, December 6th. Oppenheimer increased their target price on Guidewire Software from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, December 6th. The Goldman Sachs Group lifted their price target on Guidewire Software from $210.00 to $240.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Finally, Royal Bank of Canada increased their price objective on Guidewire Software from $215.00 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 issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Guidewire Software presently has a consensus rating of "Moderate Buy" and a consensus target price of $206.08.

Insider Buying and Selling

In other news, Director Michael C. Keller sold 1,939 shares of the firm's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $174.78, for a total value of $338,898.42. Following the completion of the sale, the director now owns 14,118 shares in the company, valued at approximately $2,467,544.04. This trade represents a 12.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $170.04, for a total transaction of $238,056.00. Following the transaction, the chief executive officer now owns 269,130 shares in the company, valued at approximately $45,762,865.20. This trade represents a 0.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 44,056 shares of company stock valued at $8,094,892 over the last quarter. 0.48% of the stock is currently owned by insiders.

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.