Proficio Capital Partners LLC Invests $12.05 Million in Guidewire Software, Inc. (NYSE:GWRE)

Proficio Capital Partners LLC acquired a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 71,478 shares of the technology company's stock, valued at approximately $12,050,000. Proficio Capital Partners LLC owned about 0.09% of Guidewire Software at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GWRE. Versant Capital Management Inc bought a new position in shares of Guidewire Software in the fourth quarter worth about $25,000. Assetmark Inc. lifted its stake in Guidewire Software by 537.0% in the 3rd quarter. Assetmark Inc. now owns 172 shares of the technology company's stock valued at $31,000 after purchasing an additional 145 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in Guidewire Software in the third quarter valued at approximately $33,000. Brooklyn Investment Group bought a new stake in shares of Guidewire Software during the third quarter worth $42,000. Finally, R Squared Ltd acquired a new position in shares of Guidewire Software during the fourth quarter worth $47,000.

Insider Transactions at Guidewire Software

In related news, President John P. Mullen sold 3,000 shares of Guidewire Software stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $208.79, for a total value of $626,370.00. Following the sale, the president now owns 174,746 shares of the company's stock, valued at approximately $36,485,217.34. The trade was a 1.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael George Rosenbaum sold 1,400 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $170.04, for a total value of $238,056.00. Following the transaction, the chief executive officer now directly owns 269,130 shares of the company's stock, 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 28,470 shares of company stock worth $5,454,567 in the last 90 days. Insiders own 0.48% of the company's stock.

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Guidewire Software Stock Up 2.7 %

Shares of Guidewire Software stock traded up $5.20 on Wednesday, hitting $196.55. The company had a trading volume of 610,074 shares, compared to its average volume of 861,702. 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 quick ratio of 2.66 and a current ratio of 2.66. The stock has a 50 day moving average of $196.12 and a 200-day moving average of $186.71. The stock has a market capitalization of $16.49 billion, a price-to-earnings ratio of 545.96, a P/E/G ratio of 37.21 and a beta of 1.31.

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 analysts' consensus estimates of $0.52 by ($0.44). Guidewire Software had a net margin of 2.91% and a return on equity of 2.38%. The company had revenue of $289.48 million during the quarter, compared to analysts' expectations of $285.74 million. As a group, sell-side analysts forecast that Guidewire Software, Inc. will post 0.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Royal Bank of Canada increased their target price on Guidewire Software from $215.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Robert W. Baird raised their price objective on shares of Guidewire Software from $230.00 to $236.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Needham & Company LLC reiterated a "hold" rating on shares of Guidewire Software in a research report on Friday, March 7th. Oppenheimer upped their price target on shares of Guidewire Software from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Guidewire Software presently has an average rating of "Moderate Buy" and a consensus price target 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.