USA Financial Formulas Buys Shares of 1,522 Guidewire Software, Inc. (NYSE:GWRE)

USA Financial Formulas bought a new stake in Guidewire Software, Inc. (NYSE:GWRE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,522 shares of the technology company's stock, valued at approximately $257,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Massachusetts Financial Services Co. MA lifted 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 acquiring an additional 679,558 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Guidewire Software by 18,001.5% in the 3rd quarter. International Assets Investment Management LLC now owns 258,128 shares of the technology company's stock valued at $472,220,000 after purchasing an additional 256,702 shares during the last quarter. Teca Partners LP acquired a new position in shares of Guidewire Software in the 2nd quarter valued at $25,893,000. Linonia Partnership LP grew its holdings in shares of Guidewire Software by 8.4% during the 2nd quarter. Linonia Partnership LP now owns 2,395,601 shares of the technology company's stock worth $330,329,000 after purchasing an additional 185,077 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Guidewire Software during the 3rd quarter worth about $26,501,000.

Guidewire Software Stock Performance

Shares of GWRE stock traded down $0.64 during midday trading on Friday, hitting $179.13. The company had a trading volume of 381,543 shares, compared to its average volume of 759,668. The stock has a market cap of $14.96 billion, a price-to-earnings ratio of 497.81, a PEG ratio of 44.47 and a beta of 1.23. 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 company's 50 day simple moving average is $183.32 and its 200 day simple moving average is $169.45. Guidewire Software, Inc. has a 52-week low of $107.00 and a 52-week high of $209.15.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Guidewire Software from $210.00 to $228.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Robert W. Baird increased their price objective on Guidewire Software from $204.00 to $220.00 and gave the company an "outperform" rating in a research note on Tuesday, November 19th. Needham & Company LLC reissued a "hold" rating on shares of Guidewire Software in a research note on Friday, December 6th. Stifel Nicolaus upped their price target on Guidewire Software from $200.00 to $220.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Finally, Oppenheimer raised their price objective 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 issued a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $193.00.

Insider Buying and Selling at Guidewire Software

In related news, President John P. Mullen sold 1,350 shares of the company's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $197.72, for a total transaction of $266,922.00. Following the transaction, the president now owns 189,261 shares of the company's stock, valued at $37,420,684.92. This represents a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael George Rosenbaum sold 5,932 shares of the firm's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.06, for a total value of $1,014,727.92. Following the completion of the sale, the chief executive officer now directly owns 281,730 shares of the company's stock, valued at approximately $48,192,733.80. This trade represents a 2.06 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,206 shares of company stock valued at $4,889,435. 0.48% of the stock is owned by company insiders.

Guidewire Software 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.